In 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. The other major project stages are feasibility and approval with 87 and 83 projects, respectively.

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 smaller share of the market for 2021-2025.

What are the key project announcements?

The underground gas storage facilities that have been announced since the previous report was published in July 2020.

Jidong I, Jidong II, Jidong III

Jidong I, Jidong II, and Jidong III are announced gas storage facilities, expected to start operations in the years 2023, 2025, and 2030, respectively. China National Petroleum Corp is the operator as well as 100% equity stakeholder of these depleted oil and gas filed type facilities. Jidong III has a working gas capacity of 159 bcf, while Jidong I and Jidong II have capacities of 58 bcf and 30 bcf, respectively. The total expected capital expenditure of Jidong III, Jidong I, and Jidong II is $2,626 million, $991 million, and $467 million, respectively.

Gazli III

Gazli III is an announced gas storage facility, expected to start operations in 2024 in Bukhara, Uzbekistan. Uzbekneftegaz National Holding Co will be the operator and a 100 percent equity stakeholder of this project. This depleted oil and gas field has a total capital expenditure of $486 million and a working gas capacity of 141.2 bcf.

Damaslawek

Damaslawek is an announced gas storage project, expected to start operations by 2026 in Kuyavian-Pomeranian, Poland. This salt cavern-type facility is expected to have a total capex of $437.8 million and a working gas capacity of 28.3 bcf. Gaz-System SA will be the operator and a 100 percent equity stakeholder of this project.

Hackberry

Hackberry is an announced salt cavern-type gas storage project, being planned in Louisiana, US, and is expected to commence operations by 2024. This project is expected to have a total capex of $403 million. Sempra LNG & Midstream LLC is the operator, while Sempra Energy is the 100 percent equity holder of the project.

Jidong IV

Jidong IV is an announced gas storage project in Hebei, China. China National Petroleum Corp will be the operator as well as a 100 percent equity stakeholder in this project.

What are the refinery projects outlook by development stage?

According to GlobalData’s report, by development stage, the refinery projects are segmented into feasibility, FEED, approval, construction, completed, and commissioning. Majority of the global refinery projects are in the construction stage (more than 50%) followed by feasibility, approval, FEED, commissioning and completed stages.

Refinery projects outlook by development stage, 2021-2025

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Scope

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 are 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 projects 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.