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Home > Oil and Gas >  Downstream >  Crude Oil Refinery Projects Market Size, Share & Trends Analysis Report by type and development stage and Forecast and Analysis 2021-2025

Crude Oil Refinery Projects Market Size, Share & Trends Analysis Report by type and development stage and Forecast and Analysis 2021-2025

Among the global crude oil refinery projects, 416 upcoming projects are expected to start operations from 2021 to 2025. Of these, 93 represent new build projects and 323 are expansions of existing projects. Globally, about 220 upcoming refinery projects are in the construction stage and likely to start operations from 2021 to 2025. 87 projects are at feasibility stage while 83 projects are at approval stage.

Regionally, Asia dominates with the highest capacity additions of 5.5 million barrels per day (mmbd) from new build and expansion projects by 2025. While the Middle East and Asia follow with capacities of 3.1 mmbd and 2.5 mmbd, respectively. China leads among the countries globally with the highest refinery capacity additions by 2025.

What are the refinery projects outlook by type?

According to GlobalData’s report, the total number of refinery projects that are expected to start operations during the outlook period 2021-2025 is 416. By type, the refinery project outlook is segmented into new build and expansion. The majority of share for global refinery projects outlook by type is taken by expansion projects while new build projects hold a smaller share of the market for 2021-2025.

What is the refinery projects outlook by development stage?

According to GlobalData’s report, by the development stage, the refinery project outlook is segmented into the feasibility, FEED, approval, construction, completed and commissioning. More than 50% of the projects are at construction stage followed by feasibility, approval, FEED, commissioning and completion.

Refinery projects outlook by development stage, 2021-2025

Refinery projects outlook by development stage, 2021-2025

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What are the major new build refinery projects?

The major new build crude oil refinery projects that are expected to start operations from 2021 to 2025 are, Lagos I planned for construction in Nigeria with a refinery capacity of 650.0 mbd and a project cost estimated to be $12,000 million in 2022; while Al-Zour is planned for commissioning in Kuwait with a refinery capacity of 615.0 mbd and a project cost estimated to be $12,800 million in 2021.

The projects that are planned/approval in 2024 include, Vadinar CDU Expansion with a refinery capacity of 515 mbd and a project cost estimated to be $1,010 million in India. In China, Yulong project is planned/construction in 2023 with a refinery capacity of 400.0 mbd and an estimated project cost of $12,000 million.

What is the refinery projects cost outlook by type and key countries?

Globally, 66 countries are expected to collectively spend more than $300 billion on the development of new build and expansion projects that are expected to start operations from 2021 to 2025. China is expected to lead among the countries in terms of project cost with $68.9 billion. Top 5 countries that are expected to account for more than 50% of the total global project cost during the outlook period 2021-2025, are China, India, Russia, Nigeria, and Iraq.

By type, India and Russia will focus more on the expansion projects during 2021-2025. Countries with a focus on new build are China, Nigeria, and Iraq.

Refinery projects cost outlook, by type and key countries, 2021-2025

Refinery projects cost outlook, by type and key countries, 2021-2025

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Market report scope

Refinery project by type Expansion and new build.
Refinery project by development stage

 

Feasibility, FEED, completed, approval, construction, and commissioning.
Regions covered Asia, Middle East, Africa, Former Soviet Union, North America, South America, and Europe.

This report provides a comprehensive market study of crude oil refinery projects share, trend analysis by type, and development stage. It provides:

  • Global crude oil refinery market count that is expected to start operations during 2021-2025 by type and development stage.
  • Global refinery projects capacity additions by type, region, and key countries for 2021 to 2025.
  • Count, cost, capacity, and key details of major coking, catalytic cracker, hydrocracker, hydrotreater, and reformer unit project expansions that are expected to start operations during 2021-2025.
  • Details of major refinery projects that are expected to start operations during 2021-2025.

Reasons to Buy

  • Understand refinery capacity and project cost outlook of major crude oil refinery projects that are expected to start operations during 2021-2025.
  • Gain insights on the count, cost, capacity, and key details of major coking, catalytic cracker, hydrocracker, hydrotreater, and reformer unit projects expansions from 2021 to 2025.
  • Keep abreast of key upcoming refinery projects globally during the outlook period.
  • Facilitate decision-making on the basis of strong refinery projects data.
  • Develop business strategies with the help of specific insights on the global refinery sector.
  • Assess your competitor’s upcoming refinery projects globally.

Table of Contents

| About GlobalData 2

1.1 List of Tables 5

1.2 List of Figures 6

2. Global Crude Oil Refinery Projects Outlook, 2021 -2025 7

2.1 Key Highlights 7

2.2 Refinery Projects Outlook by Type 8

2.3 Refinery Projects Outlook by Development Stage 9

2.4 Refinery Capacity Additions by Type and Regions 10

2.5 Refinery Capacity Additions by Type and Key Countries 11

2.6 Refinery Projects Cost Outlook by Type and Region 12

2.7 Refinery Projects Cost Outlook by Type and Key Countries 13

2.8 Major New Build Refinery Projects 14

3. Coking Units Expansion Projects Outlook 16

3.1 Coking Units Expansion Projects Outlook by Development Stage 16

3.2 Coking Units Expansion Projects Capacity Additions by Key Countries 17

3.3 Coking Units Expansion Projects Cost Outlook by Key Countries 18

3.4 Coking Units Expansion Projects 19

4. Catalytic Cracker Units Expansion Projects Outlook 21

4.1 Catalytic Cracker Units Expansion Projects Outlook by Development Stage 21

4.2 Catalytic Cracker Units Expansion Projects Capacity Additions by Key Countries 22

4.3 Catalytic Cracker Units Expansion Projects Cost Outlook by Key Countries 23

4.4 Catalytic Cracker Units Expansion Projects 24

5. Hydrocracker Units Expansion Projects Outlook 26

5.1 Hydrocracker Units Expansion Projects Outlook by Development Stage 26

5.2 Hydrocracker Units Expansion Projects Capacity Additions by Key Countries 27

5.3 Hydrocracker Units Expansion Projects Cost Outlook by Key Countries 28

5.4 Major Hydrocracker Units Expansion Projects 29

6. Hydrotreater Units Expansion Projects Outlook 31

6.1 Hydrotreater Units Expansion Projects Outlook by Development Stage 31

6.2 Hydrotreater Units Expansion Capacity Additions by Key Countries 32

6.3 Hydrotreater Units Expansion Projects Cost Outlook by Key Countries 33

6.4 Major Hydrotreater Units Expansion Projects 34

7. Reformer Units Expansion Projects Outlook 36

7.1 Reformer Units Expansion Projects Outlook by Development Stage 36

7.2 Reformer Units Expansion Projects Capacity Additions by Key Countries 37

7.3 Reformer Units Expansion Projects Cost Outlook by Key Countries 38

7.4 Major Reformer Units Expansion Projects 39

8. Appendix 40

8.1 Abbreviations 40

8.2 Important Definitions 40

8.3 Market Definition 40

8.4 Methodology 41

| Contact Us 42

List of Tables

Table 1: Global Refinery Projects Outlook by Type, 2021-2025 8

Table 2: Global Refinery Projects Outlook by Development Stage, 2021-2025 9

Table 3: Global Refinery Capacity Additions by Type and Regions, 2021-2025 (mbd) 10

Table 4: Global Refinery Capacity Additions by Type and Key Countries, 2021-2025 (mbd) 11

Table 5: Global Refinery Projects Cost Outlook by Type and Key Regions during 2021-2025 (US$ bil) * 12

Table 6: Global Refinery Projects Cost Outlook by Type and Key Countries during 2021-2025 (US$ bil)* 13

Table 7: Major New Build Crude Oil Refinery Projects during 2021-2025 14

Table 8: Global Coking Units Expansion Projects Outlook by Development Stage, 2021-2025 16

Table 9: Global Coking Units Expansion Capacity Additions by Key Countries, 2021-2025 (mbd) 17

Table 10: Global Coking Units Expansion Projects Cost Outlook by Key Countries during 2021-2025 (US$ mil)* 18

Table 11: Global Coking Units Expansion Projects during 2021-2025 19

Table 12: Global Catalytic Cracker Units Expansion Projects Outlook by Development Stage, 2021-2025 21

Table 13: Global Catalytic Cracker Units Expansion Capacity Additions by Key Countries, 2021-2025 (mbd) 22

Table 14: Global Catalytic Cracker Units Expansion Projects Cost Outlook by Key Countries during 2021-2025 (US$ mil)* 23

Table 15: Global Catalytic Cracker Units Expansion Projects during 2021-2025 24

Table 16: Global Hydrocracker Units Expansion Projects Outlook by Development Stage, 2021-2025 26

Table 17: Global Hydrocracker Units Expansion Capacity Additions by Key Countries, 2021-2025 (mbd) 27

Table 18: Global Hydrocracker Units Expansion Projects Cost Outlook by Key Countries during 2021-2025 (US$ mil)* 28

Table 19: Major Hydrocracker Units Expansion Projects during 2021-2025 29

Table 20: Global Hydrotreater Units Expansion Projects Outlook by Development Stage, 2021-2025 31

Table 21: Global Hydrotreater Units Expansion Capacity Additions by Key Countries, 2021-2025 (mbd) 32

Table 22: Global Hydrotreater Units Expansion Projects Cost Outlook by Key Countries during 2021-2025 (US$ mil)* 33

Table 23: Major Hydrotreater Units Expansion Projects during 2021-2025 34

Table 24: Global Reformer Units Expansion Projects Outlook by Development Stage, 2021-2025 36

Table 25: Global Reformer Units Expansion Capacity Additions by Key Countries, 2021-2025 (mbd) 37

Table 26: Global Reformer Units Expansion Projects Cost Outlook by Key Countries during 2021-2025 (US$ mil)* 38

Table 27: Major Reformer Units Expansion Projects during 2021-2025 39

List of Figures

Figure 1: Global Refinery Projects Outlook by Type, 2021-2025 8

Figure 2: Global Refinery Projects Outlook by Development Stage, 2021-2025 9

Figure 3: Global Refinery Capacity Additions by Type and Regions, 2021-2025 (mbd) 10

Figure 4: Global Refinery Capacity Additions by Type and Key Countries, 2021-2025 (mbd) 11

Figure 5: Global Refinery Projects Cost Outlook by Type and Key Regions during 2021-2025 (US$ bil) * 12

Figure 6: Global Refinery Projects Cost Outlook by Type and Key Countries during 2021-2025 (US$ bil) * 13

Figure 7: Global Coking Units Expansion Projects Outlook by Development Stage, 2021-2025 16

Figure 8: Global Coking Units Expansion Capacity Additions by Key Countries, 2021-2025 (mbd) 17

Figure 9: Global Coking Units Expansion Projects Cost Outlook by Key Countries during 2021-2025 (US$ mil)* 18

Figure 10: Global Catalytic Cracker Units Expansion Projects Outlook by Development Stage, 2021-2025 21

Figure 11: Global Catalytic Cracker Units Expansion Capacity Additions by Key Countries, 2021-2025 (mbd) 22

Figure 12: Global Catalytic Cracker Units Expansion Projects Cost Outlook by Key Countries during 2021-2025 (US$ mil) * 23

Figure 13: Global Hydrocracker Units Expansion Projects Outlook by Development Stage, 2021-2025 26

Figure 14: Global Hydrocracker Units Expansion Capacity Additions by Key Countries, 2021-2025 (mbd) 27

Figure 15: Global Hydrocracker Units Expansion Projects Cost Outlook by Key Countries during 2021-2025 (US$ mil) * 28

Figure 16: Global Hydrotreater Units Expansion Projects Outlook by Development Stage, 2021-2025 31

Figure 17: Global Hydrotreater Units Expansion Capacity Additions by Key Countries, 2021-2025 (mbd) 32

Figure 18: Global Hydrotreater Units Expansion Projects Cost Outlook by Key Countries during 2021-2025 (US$ mil)* 33

Figure 19: Global Reformer Units Expansion Projects Outlook by Development Stage, 2021-2025 36

Figure 20: Global Reformer Units Expansion Capacity Additions by Key Countries, 2021-2025 (mbd) 37

Figure 21: Global Reformer Units Expansion Projects Cost Outlook by Key Countries during 2021-2025 (US$ mil)* 38

Frequently Asked Questions

Key countries focusing on crude oil refinery projects include China, India, Russia, Nigeria, and Iraq. While India and Russia will focus on expansion projects during the forecast period, China, Nigeria, and Iraq will focus on new build projects.

During the forecast period 2021-2025, Asia is expected to lead among the regions with $143.4 billion followed by the Middle East & Africa region.

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