Projects Stalling Slow Momentum for New Build Refining Capacity

by Sameer Joshi or 03-Aug-2016

Publisher's latest Oil & Gas Intelligence report, H2 2016 Global Capacity and Capital Expenditure Outlook for Refineries – Projects Stalling Slow Momentum for New Build Refining Capacity provides up-to-date refinery crude distillation unit capacity data by region for the period 2010 to 2020, with an annual breakdown of capital expenditure spending on refineries for the period 2016 to 2020. The report also includes details of all planned (new build) refineries in the world up to 2020.

 

Global crude distillation unit (CDU) capacity is expected to register strong growth of 16.7% over the next four years, increasing from 98.8 million barrels per day (mmbd) in 2016 to 115.3 mmbd by 2020. China and Nigeria will have the highest CDU capacity growth over the next four years. US$84 billion is expected to be spent in the two nations and their CDU capacity is expected to increase by 3,163 thousand barrels per day (mbd) over the next four years.   

 

- Asia is the region expected to have the most capex spending on planned refineries by 2020. A total of 14 countries in the region is expected to spend a sum of US$144.9 billion on planned refineries. 

 

- After Asia, Africa is second in terms of capex spending. The region is expected to witness spending of about US$105.4 billion and an increase in CDU capacity of 3,477 mbd over the next four years. 

 

- A total of eight countries in the Middle East is expected to see capex of US$80.2 billion on planned refineries and increase the region’s CDU capacity by 3,706 mbd over the next four years. 

 

- In the Former Soviet Union, a sum of US$36.5 billion is expected to be spent over the next four years and the region’s CDU capacity is expected to increase by 918 mbd. 

 

- Only Venezuela and Colombia are expected to see the construction of new refineries in South America by 2020.