Global Capacity and Capital Expenditure Outlook for Oil Storage – Project Changes and Cancellations Cut Projected Storage Capacity 10% by 2019

Powered by

All the vital news, analysis, and commentary curated by our industry experts.

$1500

Asia will drive the growth in the global oil storage industry over the next four years, followed by the Middle East. In Asia, China will lead the region both in terms of capacity growth and capital spending. Malaysia, Indonesia and South Korea are the other major countries to witness considerable growth in capacity and capital spending. In the Middle East, Saudi Arabia, Oman and Iran account for most of the planned capacity growth and capital spending. Among companies, Saudi Arabian Oil Company and CNOOC Ltd lead the world in oil storage capacity additions. Al Muajjiz, Fujian II and Ulsan XIII are the top three planned oil storage terminals in the world in terms of capacity by 2020.

Scope

Historical oil storage capacity data by major regions in the world from 2010 to 2015, forecasts up to 2020

Annual breakdown of capital expenditure on proposed oil storage projects for the period 2016 to 2020

Planned oil storage capacity additions and capital expenditure by key countries and companies across the world

Region wise planned capacity additions and capital expenditure of new oil storage projects by key countries and companies

Details of major planned and stalled oil storage projects in the world up to 2020

Reasons to Buy

Obtain the most up to date information available on oil storage projects across the world

Identify growth segments and opportunities in the oil storage industry

Facilitate decision making on the basis of strong historic and forecasts of oil storage projects data

Develop business strategies with the help of specific insights into planned oil storage projects across the world

Keep abreast of key planned oil storage projects across the world

Assess your competitor’s planned oil storage projects and capacities

Table of Contents

1Table of Contents2

1.1List of Tables3

1.2List of Figures4

2Global Oil Storage Industry6

2.1Key Highlights6

2.2Announced Oil Storage Terminals7

2.3Major Cancelled Oil Storage Terminals8

2.4Major Stalled Oil Storage Terminals9

2.5Oil Storage Capacity Additions Through New Terminals by Region32

2.6Oil Storage Capacity Additions Through Expansion of Exisitng Terminals by Region32

2.7Planned (New Build) Oil Storage Terminals in the World33

2.8Stalled Oil Storage Terminals in the World40

3Appendix42

3.1Abbreviations42

3.2Methodology42

3.2.1Coverage42

3.2.2Secondary Research42

3.3Disclaimer43

Table

Table 1: Total Oil Storage Capacity by Region (mmbbl)10

Table 2: Total Capex Spending on Oil and Chemical Storage by Region (US$ mil)12

Table 3: Oil and Chemical Storage Capacity Additions Through New Terminals by Region (mmbbl)32

Table 4: Oil Storage Capacity Additions Through Expansion of Existing Terminals by Region (mmbbl)32

Table 5: Planned (New Build) Oil Storage Terminals in the World33

Table 6: Planned (New Build) Oil Storage Terminals in the World (Contd. 1)34

Table 7: Planned (New Build) Oil Storage Terminals in the World (Contd. 2)35

Table 8: Planned (New Build) Oil Storage Terminals in the World (Contd. 3)36

Table 9: Planned (New Build) Oil Storage Terminals in the World (Contd. 4)37

Table 10: Planned (New Build) Oil Storage Terminals in the World (Contd. 5)38

Table 11: Planned (New Build) Oil Storage Terminals in the World (Contd. 6)39

Table 12: Stalled Oil Storage Terminals in the World40

Table 13: Stalled Oil Storage Terminals in the World (Contd. 1)41

Figures

Figure 1: Total Oil Storage Capacity by Region (mmbbl)10

Figure 2: Planned Oil Storage Capacity Additions by Key Countries (mmbbl)11

Figure 3: Planned Oil Storage Capacity Additions by Key Companies (mmbbl)11

Figure 4: Total Capex Spending on Oil Storage by Region (US$ mil)12

Figure 5: Total Capex Spending on Oil Storage by Key Countries (US$ bil)13

Figure 6: Total Capex Spending on Oil Storage by Key Companies (US$ bil)13

Figure 7: Planned Oil Storage Capacity Additions in Africa by Country (mmbbl)14

Figure 8: Planned Oil Storage Capacity Additions in Africa by Key Companies (mmbbl)14

Figure 9: Capex Spending on Oil Storage in Africa by Country (US$ mil)15

Figure 10: Capex Spending on Oil Storage in Africa by Key Companies (US$ mil)15

Figure 11: Planned Oil Storage Capacity Additions in Asia by Key Countries (mmbbl)16

Figure 12: Planned Oil Storage Capacity Additions in Asia by Key Companies (mmbbl)16

Figure 13: Capex Spending on Oil Storage in Asia by Key Countries (US$ mil)17

Figure 14: Capex Spending on Oil Storage in Asia by Key Companies (US$ mil)17

Figure 15: Planned Oil Storage Capacity Additions in Caribbean by Country (mbbl)18

Figure 16: Planned Oil Storage Capacity Additions in Caribbean by Company (mbbl)18

Figure 17: Capex Spending on Oil Storage in Caribbean by Country (US$ mil)19

Figure 18: Capex Spending on Oil Storage in Caribbean by Company (US$ mil)19

Figure 19: Planned Oil Storage Capacity Additions in Central America by Country (mmbbl)20

Figure 20: Planned Oil Storage Capacity Additions in Central America by Company (mmbbl)20

Figure 21: Capex Spending on Oil Storage in Central America by Country (US$ mil)21

Figure 22: Capex Spending on Oil Storage in Central America by Company (US$ mil)21

Figure 23: Planned Oil Storage Capacity Additions in Europe by Country (mmbbl)22

Figure 24: Planned Oil Storage Capacity Additions in Europe by Company (mmbbl)22

Figure 25: Capex Spending on Oil Storage in Europe by Country (US$ mil)23

Figure 26: Capex Spending on Oil Storage in Europe by Company (US$ mil)23

Figure 27: Planned Oil Storage Capacity Additions in the Middle East by Country (mmbbl)24

Figure 28: Planned Oil Storage Capacity Additions in the Middle East by Key Companies (mmbbl)24

Figure 29: Capex Spending on Oil Storage in the Middle East by Country (US$ mil)25

Figure 30: Capex Spending on Oil Storage in the Middle East by Key Companies (US$ mil)25

Figure 31: Planned Oil Storage Capacity Additions in North America by Country (mmbbl)26

Figure 32: Planned Oil Storage Capacity Additions in North America by Key Companies (mmbbl)26

Figure 33: Capex Spending on Oil Storage in North America by Country (US$ mil)27

Figure 34: Capex Spending on Oil Storage in North America by Key Companies (US$ mil)27

Figure 35: Planned Oil Storage Capacity Additions in Oceania by Country (mmbbl)28

Figure 36: Planned Oil Storage Capacity Additions in Oceania by Company (mbbl)28

Figure 37: Capex Spending on Oil Storage in Oceania by Country (US$ mil)29

Figure 38: Capex Spending on Oil Storage in Oceania by Company (US$ mil)29

Figure 39: Planned Oil Storage Capacity Additions in South America by Country (mbbl)30

Figure 40: Planned Oil Storage Capacity Additions in South America by Company (mbbl)30

Figure 41: Capex Spending on Oil Storage in South America by Country (US$ mil)31

Figure 42: Capex Spending on Oil Storage in South America by Company (US$ mil)31

Frequently asked questions

Global Capacity and Capital Expenditure Outlook for Oil Storage – Project Changes and Cancellations Cut Projected Storage Capacity 10% by 2019 thematic reports
Currency USD
$1,500

Can be used by individual purchaser only

$4,500

Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company


Undecided about purchasing this report?

Enquire Before Buying

Get in touch to find out about multi-purchase discounts

reportstore@globaldata.com
Tel +44 20 7947 2745

Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.

See what our customers are saying

“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

Marketing Intelligence Manager, Portugal Foods

Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.

I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.

I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.

Head of Customer Insight and Research, Standard Chartered

“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.

Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”

Head of Consumer Sensory Insights, Givaudan

GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise.  The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.

I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.

One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.

Senior Account Manager, TSYS
Go even deeper with GlobalData Intelligence Center

Every Company Report we produce is powered by the GlobalData Intelligence Center.

Subscribing to our intelligence platform means you can monitor developments at Global Capacity and Capital Expenditure Outlook for Oil Storage – Project Changes and Cancellations Cut Projected Storage Capacity 10% by 2019 in real time.

  • Access a live Global Capacity and Capital Expenditure Outlook for Oil Storage – Project Changes and Cancellations Cut Projected Storage Capacity 10% by 2019 dashboard for 12 months, with up-to-the-minute insights.
  • Fuel your decision making with real-time deal coverage and media activity.
  • Turn insights on financials, deals, products and pipelines into powerful agents of commercial advantage.