Global Conventional Refineries Industry: Capacity and Capital Expenditure Outlook with Details of All Operating and Upcoming Refineries, 2026-2030

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Conventional refineries market analysis 2026: explore global refinery capacity trends, downstream investment outlook, refinery expansion projects, and refining industry opportunities through 2030.

Understand the Future of the Global Refining Industry

The global conventional refining industry is entering a new phase of capacity expansion as governments and energy companies invest in fuel security, downstream integration, and export-oriented refining infrastructure.

This report provides a comprehensive analysis of active and upcoming conventional refineries worldwide, examining refinery capacity growth, expansion activity, and capital expenditure trends through 2030.

It also explores how economic growth, urbanization, rising fuel demand, and energy security priorities are reshaping refining investments across key global markets.

Report Value Proposition – Why This Matters for You

Understanding refinery capacity trends, project pipelines, and regional investment activity is critical for companies operating across the downstream oil and gas value chain.

This report helps you:

  • Analyze global conventional refinery capacity trends
  • Track active, planned, and announced refinery projects
  • Identify high-growth refining markets and investment regions
  • Benchmark refinery operators and competitive portfolios
  • Support strategic planning and downstream investment decisions

In addition, the report provides annual capital expenditure outlooks by region and country for the 2020–2030 period.

Key Insights in the Conventional Refining Market

The report highlights how global conventional refining capacity recorded only modest growth between 2020 and 2025 due to the economic effects of the COVID-19 pandemic, decarbonization pressures, EV adoption, and tightening environmental regulations.

However, refining capacity growth is expected to accelerate during 2026–2030 as major new projects come online across Asia, the Middle East, and Africa.

Governments are increasingly supporting refinery expansions to improve fuel security, reduce reliance on imports, and strengthen downstream value chains designed for export growth.

The report also highlights the growing importance of large-scale refining projects in emerging energy markets as fuel demand and industrial development continue to rise.

Scope

What You Will Learn

The report provides a structured view of the conventional refining market, including:

  • Global refinery capacity trends
  • Active and upcoming refinery projects
  • Capital expenditure outlooks through 2030
  • Regional refining growth opportunities
  • Competitive refinery portfolio analysis
  • Downstream investment and expansion trends

Target Buyers for This Report

This report is designed for professionals across the energy and downstream sectors, including:

  • Oil and gas companies
  • Refinery operators
  • EPC and engineering firms
  • Energy strategy teams
  • Investors and analysts
  • Energy consultants and advisors

If you are evaluating refinery investments, tracking downstream growth opportunities, or assessing competitive refinery activity, this report provides valuable market insight.

How Companies Use This Report

  • Oil and gas companies

    Track refinery expansion activity and market opportunities

  • Downstream strategy teams

    Support investment and operational planning

  • Engineering and EPC firms

    Identify upcoming refining projects and growth regions

  • Investors and financial analysts

    Benchmark refinery assets and capital expenditure trends

  • Energy consultants and market intelligence teams

    Monitor global refining market developments

As a result, businesses can better position themselves within the evolving global refining industry.

Reasons to Buy

Benchmark Refinery Capacity and Investment Opportunities

Understanding where refining investments are accelerating is essential for identifying commercial opportunities and managing competitive positioning.

This report explores:

  • Global active and upcoming refinery projects
  • Refinery capacity growth and expansion trends
  • Regional and country-level capital expenditure outlooks
  • Key operators and refinery portfolios
  • Planned and announced downstream investments
  • Refining market dynamics through 2030

The report also provides detailed refinery-level information, including refinery names, operators, status, and project classifications.

Built on Trusted Energy Market Analysis

This report combines refinery project tracking, downstream investment analysis, and energy market intelligence expertise.

  • Covers active and upcoming conventional refineries globally
  • Includes planned, suspended, and announced refinery projects
  • Provides refinery capacity and capital expenditure analysis
  • Tracks regional and country-level downstream investments
  • Supports long-term refining and infrastructure planning

Therefore, the report delivers valuable intelligence for companies operating across the downstream oil and gas sector.

Act Now to Capitalize on Refining Market Opportunities

The global refining market is entering a new investment cycle driven by fuel demand growth, downstream expansion, and energy security priorities.

This report helps you understand refinery capacity trends, investment activity, and the competitive landscape shaping the industry through 2030.

If you are planning downstream strategies, evaluating project pipelines, or identifying growth markets, now is the time to access deeper market intelligence.

Table of Contents

01. Global Conventional Refineries and Key Units Capacity Outlook

– Key Highlights

– Global Refining Capacity by Key Regions

– Regional Comparison of Refining Capacity and Average Nelson Complexity Index (NCI)

– Global CDU Capacity Additions Through New and Existing Refineries by Region and Key Countries

– Global Key Unit Capacity Additions Through New and Existing Refineries by Region

– Key Global New Build Refineries

02. Global Conventional Refining Industry Capital Expenditure Outlook

– New Build and Expansion Capex of Refineries by Region

– New Build and Expansion Capex of Refineries by Key Countries and Key Companies

03. Major Project Announcements and Cancellations

– Key Project Announcements

– Stalled and Cancelled Projects

04. Asia Conventional Refining Industry Outlook

– Refining Capacity in Asia by Key Countries

– Key Unit Capacity Additions Through New and Existing Refineries in Asia

– New Build and Expansion Capex of Refineries in Asia by Key Countries and Key Companies

05. North America Conventional Refining Industry Outlook

– Refining Capacity in North America by Key Countries

– Key Unit Capacity Additions Through New and Existing Refineries in North America

– New Build and Expansion Capex of Refineries in North America by Key Countries and Key Companies

06. Middle East Conventional Refining Industry Outlook

– Refining Capacity in the Middle East by Key Countries

– Key Unit Capacity Additions Through New and Existing Refineries in the Middle East

– New Build and Expansion Capex of Refineries in the Middle East by Key Countries and Key Companies

07. Europe Conventional Refining Industry Outlook

– Refining Capacity in Europe by Key Countries

– Key Unit Capacity Additions Through New and Existing Refineries in Europe

– Regional Comparison of Refining Capacity and Average Nelson Complexity Index (NCI)

– New Build and Expansion Capex of Refineries in Europe by Key Countries and Key Companies

08. FSU Conventional Refining Industry Outlook

– Refining Capacity in the FSU by Key Countries

– Key Unit Capacity Additions Through New and Existing Refineries in the FSU

– New Build and Expansion Capex of Refineries in the FSU by Key Countries and Key Companies

09. South America Conventional Refining Industry Outlook

– Refining Capacity in South America by Key Countries

– Key Unit Capacity Additions Through New and Existing Refineries in South America

– New Build and Expansion Capex of Refineries in South America by Key Countries and Key Companies

10. Africa Conventional Refining Industry Outlook

– Refining Capacity in Africa by Key Countries

– Key Unit Capacity Additions Through New and Existing Refineries in Africa

– New Build and Expansion Capex of Refineries in Africa by Key Countries and Key Companies

11. Conventional Refining Industry Outlook in Other Regions

– Refining Capacity in the Caribbean by Key Countries

– Refining Capacity in Oceania by Key Countries

– Refining Capacity in Central America by Key Countries

– Key Unit Capacity Additions and Capex Through New and Existing Refineries in Central America

12. Appendix

– Abbreviations and Definitions

– Abbreviations and Definitions (Contd.)

– About GlobalData

– Contact us

Table

Global refining capacity by key regions (mmbd*), 2020–2030

Refining industry, Global, top 10 planned and announced (new build) refineries, 2026–2030

Key project announcements

Stalled projects

Cancelled projects

Asia refining capacity by key countries (mmbd*), 2020–2030

North America refining capacity by key countries (mmbd*), 2020–2030

Middle East refining capacity by key countries (mmbd*), 2020–2030

Europe refining capacity by key countries (mmbd*), 2020–2030

FSU refining capacity by key countries (mmbd*), 2020–2030

South America refining capacity by key countries (mmbd*), 2020–2030

Africa refining capacity by key countries (mmbd*), 2020–2030

Caribbean refining capacity by key countries (mbd*), 2020–2030

Oceania refining capacity by country (mbd*), 2020–2030

Central America refining capacity by country (mbd*), 2020–2030

Figures

Global refining capacity growth vis-à-vis share by key regions (mmbd)*, 2026–2030

Regional contribution (%) to global refining capacity, 2020–2030

Regional comparison based on average Nelson Complexity Index (NCI) of refineries, 2025

Global crude distillation unit (CDU) capacity additions through new and existing refinery expansions by region (mbd*), 2026–2030

Global CDU capacity additions through new and existing refinery expansions by key countries, 2026–2030 (mbd*)

Condensate splitter capacity additions by region, 2026–2030

Coking capacity additions by region, 2026–2030*

Catalytic cracker capacity additions by region, 2026–2030*

Hydrocracker capacity additions by region, 2026–2030*

New build and expansion capex of refineries by major regions during 2026–2030 ($B)

New build and expansion capex of refineries by key countries, 2026–2030 ($B)

New build and expansion capex of refineries by key companies, 2026–2030 ($B)

Refining capacity growth vis-à-vis share in Asia by key countries (mmbd), 2026–2030

CDU capacity additions by key countries, 2026–2030

Condensate splitter capacity additions by key countries, 2026–2030

Coking capacity additions by key countries, 2026–2030

Catalytic cracker capacity additions by key countries, 2026–2030

Hydrocracker capacity additions by key countries, 2026–2030

New build and expansion capex of refineries in Asia by key countries, 2026–2030 ($B)

New build and expansion capex of refineries in Asia by key companies, 2026–2030 ($B)

Refining capacity growth vis-à-vis share in North America by country (mmbd), 2026–2030

CDU capacity additions by country, 2026–2030

Coking capacity additions by country, 2026–2030

Catalytic cracker capacity additions by country, 2026–2030

Hydrocracker capacity additions by country, 2026–2030

New build and expansion capex of refineries in North America by country, 2026–2030 ($B)

New build and expansion capex of refineries in North America by key companies, 2026–2030 ($B)

Refining capacity growth vis-à-vis share in the Middle East by key countries (mmbd), 2026–2030

CDU capacity additions by key countries, 2026–2030

Condensate splitter capacity additions by country, 2026–2030

Coking capacity additions by country, 2026–2030

Catalytic cracker capacity additions by key countries, 2026–2030

Hydrocracker capacity additions by key countries, 2026–2030

New build and expansion capex of refineries in the Middle East by key countries, 2026–2030 ($B)

New build and expansion capex of refineries in the Middle East by key companies, 2026–2030 ($B)

Refining capacity growth vis-à-vis share in Europe by key countries (mmbd), 2026–2030

CDU capacity additions by country, 2026–2030

Coking capacity additions by country, 2026–2030

Catalytic cracker capacity additions by country, 2026–2030

Hydrocracker capacity additions by country, 2026–2030

New build and expansion capex of refineries in Europe by key countries, 2026–2030 ($M)

New build and expansion capex of refineries in Europe by key companies, 2026–2030 ($M)

Refining capacity growth vis-à-vis share in the FSU by key countries (mmbd), 2026–2030

CDU capacity additions by key countries, 2026–2030

Coking capacity additions by country, 2026–2030

Catalytic cracker capacity additions by country, 2026–2030

Hydrocracker capacity additions by country, 2026–2030

New build and expansion capex of refineries in the FSU by key countries, 2026–2030 ($B)

New build and expansion capex of refineries in the FSU by key companies, 2026–2030 ($B)

Refining capacity growth vis-à-vis share in South America by key countries (mmbd), 2026–2030

CDU capacity additions by country, 2026–2030

Coking capacity additions by country, 2026–2030

Catalytic cracker capacity additions by country, 2026–2030

Hydrocracker capacity additions by country, 2026–2030

New build and expansion capex of refineries in South America by country, 2026–2030 ($B)

New build and expansion capex of refineries in South America by key companies, 2026–2030 ($B)

Refining capacity growth vis-à-vis share in Africa by key countries (mmbd), 2026–2030

CDU capacity additions by key countries, 2026–2030

Condensate splitter capacity additions by country, 2026–2030

Coking capacity additions by country, 2026–2030

Catalytic cracker capacity additions by key countries, 2026–2030

Hydrocracker capacity additions by key countries, 2026–2030

New build and expansion capex of refineries in Africa by key countries, 2026–2030 ($B)

New build and expansion capex of refineries in Asia by key companies, 2026–2030 ($B)

Refining capacity growth vis-à-vis share in the Caribbean by key countries (mbd), 2026–2030

Refining capacity growth vis-à-vis share in Oceania by country (mmbd), 2026–2030

Refining capacity growth vis-à-vis share in Central America by country (mbd), 2026–2030

Capacity additions for CDU, catalytic cracker, and hydrocracker units In Nicaragua, 2026–2030

New build and expansion capex of refineries in Central America by country, 2026–2030 ($B)

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