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Refineries Capacity and Capital Expenditure (CapEx) Forecast by Region, Countries and Companies including details of New Build and Expansion (Announcements and Cancellations) Projects, 2023-2027

Pages: 44 Published: January 25, 2023 Report Code: GDGE0425MAR

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Refineries Capacity and Capital Expenditure Report Overview

The global capacity of refineries is 107.4 mmbd in 2023. The market is expected to witness a growth of more than 13% over 2023-2027. The refineries capacity and capital expenditure forecast report gives an overview of planned and announced refineries capacity additions by key regions, countries, and companies. It also provides an outlook on the planned and announced capital expenditure of refineries plants by key countries and companies globally.

Global Refineries Market Outlook

Global Refineries Market Outlook

For more insights on refineries market forecast, download a free report sample

Major Announced Refineries Projects

Some of the major refineries that have been announced are Larkana, Ras Al-Khair, Victoria, Berbice, Jezkazgan, and Hamriyah II.

Larkana

Larkana is a hydroskimming-type refinery proposed in Sindh, Pakistan. It is expected to start operations in 2025. Pakistan State Oil is the operator as well as a 100% equity holder of the project.

Ras Al-Khair

Ras Al-Khair is a cracking-type integrated refinery proposed to come online in the Eastern province of Saudi Arabia in 2025. Saudi Basic Industries Corp is the operator as well as the total equity holder of the project. 

Victoria

Victoria refinery is proposed to come online in the US in 2026. Prairie Energy Partners is the operator while Southern Rock Energy Partners LLC holds 100% equity in the project.

Refineries Capacity Segmentation by Regions

Some of the key regions in the global refinery market are Asia, Africa, the Caribbean, Central America, Europe, the Former Soviet Union (FSU), North America, the Middle East, Oceania, and South America. Among regions, Asia held the largest share of the global refineries capacity.

Refineries Capacity Analysis, by Regions

Refineries Capacity Analysis, by Regions

For more regional insights on refineries capacity, download a free report sample

Planned and Announced Refineries Capacity – Competitive Landscape

Some of the key companies in the global refinery market that have planned and announced refineries projects are PT Pertamina (Persero), Indian Oil Corp Ltd, China Petrochemical Corp, Pakistan State Oil Co Ltd, Sugih Energy International Pte Ltd, Pacific Future Energy, South Refineries Co, Rosneft Oil Co, National Iranian Oil Co, and Vietnam National Oil and Gas Group. Indian Oil Corp Ltd has the highest capex among all refineries.

Planned and Announced Refineries Capacity Analysis, by Key Companies

Planned and Announced Refineries Capacity Analysis, by Key CompaniesFor more insights on key companies with refineries capacity, download a free report sample

Refineries Projects Report Overview

Global Refinery Capacity (2023) 107.4 mmbd
Growth Rate (2023-2027) >13%
Key Announced Projects Larkana, Ras Al-Khair, Victoria, Berbice, Jezkazgan, and Hamriyah II
Key Regions Asia, Africa, Caribbean, Central America, Europe, Former Soviet Union (FSU), North America, Middle East, Oceania, and South America
Key Companies PT Pertamina (Persero), Indian Oil Corp Ltd, China Petrochemical Corp, Pakistan State Oil Co Ltd, Sugih Energy International Pte Ltd, Pacific Future Energy, South Refineries Co, Rosneft Oil Co, National Iranian Oil Co, and Vietnam National Oil and Gas Group

Refineries Market Regions Outlook (Value, mmbd, 2023-2027)

  • Asia
  • Africa
  • Caribbean
  • Central America
  • Europe
  • Former Soviet Union (FSU)
  • North America
  • Middle East
  • Oceania
  • South America

Scope

  • Planned and announced refineries capacity additions by key regions, countries, and companies

  • Planned and announced capital expenditure outlook by key countries and companies globally

  • Planned and announced capex of refineries plants by region, key countries, and companies

  • Details of the major planned and announced refineries plants globally up to 2027

Reasons to Buy

  • Obtain the most up-to-date information available on the refineries plants globally

  • Identify growth segments and opportunities in the global refineries industry

  • Facilitate decision-making on the basis of outlook of refineries capacity data

  • Develop business strategies with the help of specific insights about refineries plants globally

  • Keep abreast of key planned and announced refineries plants globally

  • Assess your competitor’s planned and announced refineries plants and capacities

Table of Contents

TOC

  1. Global Refinery CDU Outlook to 2027

1.1 Key Highlights

  1. Key Projects Announcements and Cancellations

2.1 Key Project Announcements

2.2 Project Cancelations

2.3 Stalled Projects

  1. Global Refinery CDU Capacity and Capex Outlook

3.1 Global Refinery CDU Capacity by Region

3.2 New Build and Expansion Refinery CDU Capacity by Key Countries

3.3 New Build and Expansion Capex of Refineries by Region

3.4 New Build and Expansion Capex of Refineries by Key Countries

3.5 New Build and Expansion Capex of Refineries by Key Companies

  1. Regional Capex Outlook by Country and Company

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

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

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

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

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

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

4.7 FSU – New Build and Expansion Capex of Refineries by Key Countries

4.8 FSU – New Build and Expansion Capex of Refineries by Key Companies

4.9 Middle East – New Build and Expansion Capex of Refineries by Key Countries

4.10 Middle East – New Build and Expansion Capex of Refineries by Key Companies

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

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

4.13 Oceania – New Build and Expansion Capex of Refineries by Key Countries

4.14 Oceania – New Build and Expansion Capex of Refineries by Key Companies

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

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

  1. CDU New Build and Expansion Capacity Additions by Region

5.1 CDU New Build Capacity Additions by Region

5.2 CDU Expansion Capacity Additions by Region

  1. Coking New Build and Expansion Capacity Additions by Region

6.1 Coking New Build Capacity Additions by Region

6.2 Coking Expansion Capacity Additions by Region

  1. FCC New Build and Expansion Capacity Additions by Region

7.1 FCC New Build Capacity Additions by Region

7.2 FCC Expansion Capacity Additions by Region

  1. Hydrocracker New Build and Expansion Capacity Additions by Region

8.1 Hydrocracker New Build Capacity Additions by Region

8.2 Hydrocracker Expansion Capacity Additions by Region

  1. Global New Build Refineries

  2. Appendix

10.1 Abbreviations

10.2 Important Definitions

10.3 Market Definition

10.4 Methodology

Coverage

Secondary Research

Contact Us

List of Tables

Table 1: Total refinery CDU capacity by region, 2017–2027 (mmbd) 10

Table 2: New build and expansion refinery CDU capacity additions by key countries, 2023–2027 (mbd) 11

Table 3: New build and expansion capex of refineries by region during 2023–2027 ($M)* 12

Table 4: New build and expansion capex of refineries by key countries during 2023–2027 ($M)* 13

Table 5: New build and expansion capex of refineries by key companies during 2023–2027 ($M)* 14

Table 6: New build and expansion capex of refineries in Africa by key countries during 2023–2027 ($M)* 15

Table 7: New build and expansion capex of refineries in Africa by key companies during 2023–2027 ($M)* 16

Table 8: New build and expansion capex of refineries in Asia by key countries during 2023–2027 ($M)* 17

Table 9: New Build and expansion capex of refineries in Asia by key companies during 2023–2027 ($M)* 18

Table 10: New build and expansion capex of refineries in Europe by key countries during 2022–2026 ($M)* 19

Table 11: Expansion capex of refineries in Europe by key companies during 2023–2027 ($M)* 20

Table 12: New build and expansion capex of refineries in the FSU by key countries during 2023–2027 ($M)* 21

Table 13: New Build and expansion capex of refineries in the FSU by key companies during 2023–2027 ($M)* 22

Table 14: New build and expansion capex of refineries in the Middle East by key countries during 2023–2027 ($M)* 23

Table 15: New Build and expansion capex of refineries in the Middle East by key companies during 2023–2027 ($M)* 24

Table 16: New build and expansion capex of refineries in North America by country during 2023–2027 ($M)* 25

Table 17: New Build capex of refineries in North America by key companies during 2023–2027 ($M)* 26

Table 18: New build and expansion capex of refineries in Oceania by country during 2023–2027 ($M) 27

Table 19: New build capex of refineries in Oceania by company during 2023–2027 ($M)* 28

Table 20: New build and expansion capex of refineries in South America by key countries during 2022–2026 ($M)* 29

Table 21: New Build and expansion capex of refineries in South America by key companies during 2023–2027 ($M)* 30

Table 22: CDU new build capacity additions by region, 2023–2027 (mbd) 31

Table 23: CDU expansion capacity additions by region, 2023–2027 (mbd) 31

Table 24: Coking new build capacity additions by region, 2023–2027 (mbd) 32

Table 25: Coking expansion capacity additions by region, 2023–2027 (mbd)s 32

Table 26: FCC new build capacity additions by region, 2023–2027 (mbd) 33

Table 27: FCC expansion capacity additions by region, 2023–2027 (mbd) 33

Table 28: Hydrocracker New Build Capacity Additions by Region, 2023–2027 (mbd) 34

Table 29: Hydrocracker Expansion Capacity Additions by Region, 2023–2027 (mbd) 34

Table 30: Global planned and announced refineries, 2023–2027* 35

List of Figures

Figure 1: Total refinery CDU capacity by region, 2017–2027 (mmbd) 10

Figure 2: New build and expansion refinery CDU capacity additions by key countries, 2023–2027 (mbd) 11

Figure 3: New build and expansion capex of refineries by major regions during 2023–2027 ($B) 12

Figure 4: New build and expansion capex of refineries by key countries during 2023–2027 ($B) 13

Figure 5: New build and expansion capex of refineries by key companies during 2023–2027 ($B) 14

Figure 6: New build and expansion capex of refineries in Africa by key countries during 2023–2027 ($B) 15

Figure 7: New build and expansion capex of refineries in Africa by key companies during 2023–2027 ($B) 16

Figure 8: New build and expansion capex of refineries in Asia by key countries during 2023–2026 ($B) 17

Figure 9: New Build and expansion capex of refineries in Asia by key companies during 2023–2027 ($B) 18

Figure 10: New build and expansion capex of refineries in Europe by key countries during 2023–2027 ($M) 19

Figure 11: Expansion capex of refineries in Europe by key companies during 2023–2027 ($M)* 20

Figure 12: New build and expansion capex of refineries in the FSU by key countries during 2023–2027 ($B) 21

Figure 13: New build and expansion capex of refineries in the FSU by key companies during 2023–2027 ($B) 22

Figure 14: New Build and expansion capex of refineries in the Middle East by key countries during 2023–2027 ($B) 23

Figure 15: New build and expansion capex of refineries in the Middle East by key companies during 2023–2027 ($B) 24

Figure 16: New build and expansion capex of refineries in North America by country during 2023–2027 ($B) 25

Figure 17: New build capex of refineries in North America by key companies during 2023–2027 ($B)* 26

Figure 18: New build and expansion capex of refineries in Oceania by country during 2023–2027 ($M) 27

Figure 19: New build capex of refineries in Oceania by company during 2023–2027 ($M) 28

Figure 20: New Build and expansion capex of refineries in South America by key countries during 2023–2027 ($B) 29

Figure 21: New build and expansion capex of refineries in South America by key companies during 2023–2027 ($B) 30

Frequently Asked Questions

The global capacity of refineries is 107.4 mmbd in 2023.

The global capacity of refineries is expected to witness a growth of more than 13% over 2023-2027.

Some of the major refineries that have been announced are Larkana, Ras Al-Khair, Victoria, Berbice, Jezkazgan, and Hamriyah II.

Some of the key regions in the global refinery market are Asia, Africa, the Caribbean, Central America, Europe, the Former Soviet Union (FSU), North America, the Middle East, Oceania, and South America.

The key companies that have planned and announced refineries projects are PT Pertamina (Persero), Indian Oil Corp Ltd, China Petrochemical Corp, Pakistan State Oil Co Ltd, Sugih Energy International Pte Ltd, Pacific Future Energy, South Refineries Co, Rosneft Oil Co, National Iranian Oil Co, and Vietnam National Oil and Gas Group.
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