Refineries Capacity and Capital Expenditure Forecast by Region, Countries, Companies and New Build and Expansion Projects to 2027
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Refineries Capacity and Capital Expenditure Report Overview
The global capacity of refineries is 107.4 mmbd in 2023. The market is expected to witness a growth of more than 13% over 2023-2027. The refineries capacity and capital expenditure forecast report gives an overview of planned and announced refineries capacity additions by key regions, countries, and companies. It also provides an outlook on the planned and announced capital expenditure of refineries plants by key countries and companies globally.
Global Refineries Market Outlook
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Major Announced Refineries Projects
Some of the major refineries that have been announced are Larkana, Ras Al-Khair, Victoria, Berbice, Jezkazgan, and Hamriyah II.
Larkana
Larkana is a hydroskimming-type refinery proposed in Sindh, Pakistan. It is expected to start operations in 2025. Pakistan State Oil is the operator as well as a 100% equity holder of the project.
Ras Al-Khair
Ras Al-Khair is a cracking-type integrated refinery proposed to come online in the Eastern province of Saudi Arabia in 2025. Saudi Basic Industries Corp is the operator as well as the total equity holder of the project.
Victoria
Victoria refinery is proposed to come online in the US in 2026. Prairie Energy Partners is the operator while Southern Rock Energy Partners LLC holds 100% equity in the project.
Refineries Capacity Segmentation by Regions
Some of the key regions in the global refinery market are Asia, Africa, the Caribbean, Central America, Europe, the Former Soviet Union (FSU), North America, the Middle East, Oceania, and South America. Among regions, Asia held the largest share of the global refineries capacity.
Refineries Capacity Analysis, by Regions
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Planned and Announced Refineries Capacity – Competitive Landscape
Some of the key companies in the global refinery market that have planned and announced refineries projects are PT Pertamina (Persero), Indian Oil Corp Ltd, China Petrochemical Corp, Pakistan State Oil Co Ltd, Sugih Energy International Pte Ltd, Pacific Future Energy, South Refineries Co, Rosneft Oil Co, National Iranian Oil Co, and Vietnam National Oil and Gas Group. Indian Oil Corp Ltd has the highest capex among all refineries.
Planned and Announced Refineries Capacity Analysis, by Key Companies
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Refineries Projects Report Overview
Global Refinery Capacity (2023) | 107.4 mmbd |
Growth Rate (2023-2027) | >13% |
Key Announced Projects | Larkana, Ras Al-Khair, Victoria, Berbice, Jezkazgan, and Hamriyah II |
Key Regions | Asia, Africa, Caribbean, Central America, Europe, Former Soviet Union (FSU), North America, Middle East, Oceania, and South America |
Key Companies | PT Pertamina (Persero), Indian Oil Corp Ltd, China Petrochemical Corp, Pakistan State Oil Co Ltd, Sugih Energy International Pte Ltd, Pacific Future Energy, South Refineries Co, Rosneft Oil Co, National Iranian Oil Co, and Vietnam National Oil and Gas Group |
Refineries Market Regions Outlook (Value, mmbd, 2023-2027)
- Asia
- Africa
- Caribbean
- Central America
- Europe
- Former Soviet Union (FSU)
- North America
- Middle East
- Oceania
- South America
Scope
- Planned and announced refineries capacity additions by key regions, countries, and companies
- Planned and announced capital expenditure outlook by key countries and companies globally
- Planned and announced capex of refineries plants by region, key countries, and companies
- Details of the major planned and announced refineries plants globally up to 2027
Reasons to Buy
- Obtain the most up-to-date information available on the refineries plants globally
- Identify growth segments and opportunities in the global refineries industry
- Facilitate decision-making on the basis of outlook of refineries capacity data
- Develop business strategies with the help of specific insights about refineries plants globally
- Keep abreast of key planned and announced refineries plants globally
- Assess your competitor’s planned and announced refineries plants and capacities
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Frequently asked questions
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What is the global capacity of refineries in 2023?
The global capacity of refineries is 107.4 mmbd in 2023.
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What will be the growth rate of the global capacity of refineries in the forecast period?
The global capacity of refineries is expected to witness a growth of more than 13% over 2023-2027.
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What are the new refineries projects announced in 2023?
Some of the major refineries that have been announced are Larkana, Ras Al-Khair, Victoria, Berbice, Jezkazgan, and Hamriyah II.
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Which are the key regions in the global refinery market?
Some of the key regions in the global refinery market are Asia, Africa, the Caribbean, Central America, Europe, the Former Soviet Union (FSU), North America, the Middle East, Oceania, and South America.
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What are the key companies in the global refineries market?
The key companies that have planned and announced refineries projects are PT Pertamina (Persero), Indian Oil Corp Ltd, China Petrochemical Corp, Pakistan State Oil Co Ltd, Sugih Energy International Pte Ltd, Pacific Future Energy, South Refineries Co, Rosneft Oil Co, National Iranian Oil Co, and Vietnam National Oil and Gas Group.
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