Refining industry outlook in middle east

Industry Perspectives: Refining’s real growth is through secondary unit capacity

The table also shows identified refinery capacity expansions expected to be completed over the period, including anticipated shutdowns and capacity rationalization. These countries are also heavily dependent on oil. Additionally, the shift in NOCs policies that aim to capture the value added from oil exports through refining has driven expansion.

Oil Refining Market - Segmented by Geography – Growth, Trends, and Forecast (2018 - 2023)

Additionally, capital costs are substantially higher than in locations such as the U. Middle distillate desulfurization will be required to accommodate these reductions, provide for reductions in jet fuel sulfur, and handle incremental middle distillate production.

Shipping Operators Conducting analysis of potential tanker demand, also reviewing the overall implications of the new IMO bunker Refining industry outlook in middle east. But these countries do not have enough infrastructures for distribution of gas and generating renewable energy to meet the growing demands.

Global Biorefinery Products Market by Manufacturers, Regions, Type and Application, Forecast to Biorefinery is the sustainable processing of biomass into a spectrum of marketable products and energy.

The regulation put in place by European Union, and national governments are expected to reduce the refined oil demand in the region further. Refining capacity at the close of was Despite the correlation between refinery throughput and oil consumption on a global level, this is not necessarily reflected at a regional level, as shown by imports and exports of crude oil and refined products in Table 1.

A large portion of underutilized capacity in the region is the independent refinery sector in China; in particular, small local refineries. Figure 2 shows the annual investment in different regions of the world, indicating where growth in refining capacity has taken place in the past decade.

Gasoline sulfur reduction will continue across the region on varying schedules. Additionally, it is expected that catalytic cracking will increase to 6. The report covers various aspects such as market size by naphtha production and naphtha consumption and market segmentation by production of naphtha from refineries and plants, consumption of naphtha by different sectors, by exports, imports and inland availability of naphtha and by geography.

While Middle East capacity expansions will substantially reduce the gasoline imports to the region, it will still remain a net importer.

Refining Market 2018 - Identify Opportunities and Challenges

Therefore, the increased profit margins due to technological advancements are expected to support the growth of the market. As detailed in the March issue of Hydrocarbon Processing, the global refining industry is forecast to add more than 11 MMbpd of secondary unit capacity by the early s.

Outlook of Country Oil Refining Industry and refined petroleum products beyond Forecasts of refined products production and consumption along with major refining companies, and operators. Your Details are safe with us. The Asia-Pacific region is short on hydroprocessing capacity.

Dozens of nations around the world are enacting new limitations on sulfur in transportation fuels.

An Overview Of The Refining Industry

The oil industry in the region, which is dominated by National Oil Companies NOCsalso has a desire to become more than just commodity exporters and aspires to become major players in the world market for finished products.

Refinery level information such as refinery name, commissioned year, primary and secondary units installed capacities along with future capacity expansions, refinery complexity factor, ownership and operator details.

In order to improve the downstream industry production, and reduce the dependence on imports, Nigeria's Department of Petroleum Resources DPR and state-owned Nigerian National Petroleum Corporation NNPC have opened their door to private international and local investors.

Increases in ethanol and MTBE use will also provide gasoline quality improvement, thereby reducing, to some extent, the need for additional light oil processing. The outlook for US refining isn't as bleak as US demand trends and Middle East lead modest recovery in global refining which would seem to bode ill for the refining industry.

Fortunately. Middle East and Africa Refining Industry, Total Refining Capacity Middle East and Africa Refining Industry, Overview of Planned Refineries Data Middle East and Africa Refining Industry, Planned and Announced Refineries, Capacity Expansions and Capex by Country 4. Refining Industry in Saudi Arabia The company's report: ‘Refining Industry Outlook in Middle East and Africa to ' states that inthe Middle East and Africa will account for % of the total global refining capacity.

The total refining capacity in the region is expected to increase from million barrels per day (mmbd) in. The company`s report: Refining Industry Outlook in Middle East and Africa to ` states that inthe Middle East and Africa will account for % of the total global refining capacity.

The total refining capacity in the region is expected to increase from million barrels per day (mmbd) in to mmbd in “Capacity and Capital Expenditure Outlook for Refineries in the Middle East - Saudi Arabia and Iraq to Drive Refinery Capacity Growth” is the essential source for industry data and information.

Global Refining industry outlook market shares of key companies and competitive scenario in the global refining industry. Middle East and Africa, North America and South and Central America - Forecast of Annual capacity information for regions and countries between and

Refining industry outlook in middle east
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World Refining Association