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SummaryReport provides an overview of the forecast increases, on an annual basis, of the global and refining crude distillation unit (CDU) expansions and associated capital expenditures between 2015 and 2020. The report provides details on the type of new refining capacity (topping, cracking and coking) by country, key reasons for refining expansions in that country, the owner of the new refining capacity and the changing trend in refining capacity by area between 2013 and 2020. Report is a very comprehensive analysis of how / why / when refining industry refining capacity is moving firmly into the hands of National Oil Companies (NOCs) and to East of Suez areas.Scope- Global refining capacity by year by major regions including: South America, Middle East, China, India, Other Asia, Russia, United States, Africa- Each region includes a project list of the refining capacity, the year of start-up, the country where the refinery is being constructed, the type of refinery, the total estimated capital costs, and the company building the refinery- Summary of the major projects in each area- Joint Venture partners in refinery projects are included in the report- Key reasons for refinery constructions in countries including desire to reduce/minimize product imports- Forecast in annual capital spending levels by region by year- Summary of key issues arising from the changing levels of refining capacity in different regions.Reasons to buy- The report will enhance your understanding of the changing face of the refining industry over the next few years- Depicts change in regional refining capacity levels between 2014 and 2020 by year. Shows areas where refining capacity is growing and timing for project start-up including megaprojects in each area where a step-change in refining capacity occurs.- Discusses refining mega-projects - those eight large scale refining projects with at least 300 thousand barrels per day of new refining capacity- Shows individual refining projects in each region and type of refinery (topping / cracking / coking) that influences feedstock selections and crude trade flows- Emphasis key reasons for countries approving new refining capacity including desire to run local crude production, to reduce current product (gasoline / diese) import levels and / or for product export purposes.- Compares forecasted increases in refining capacity / oil demand and possible reasons why refining margins will remain under pressure- Forecast for refining capital spending projects can be used by Service Organizations to determine scope / location / project timing and owner/operator for potential opportunities to provide services and material associated with new refining projects.- How refining projects can influence / change product trade flows- Possibility of China emerging of a major product exporter
1 Table of ContentsRefining Industry Dynamics to be Impacted by 11.7 mmbd of New CapacityAnnual Forecast for Global CDU Significantly above Global Oil Demand Growth ForecastGlobal Refining Capacity Shifting to East Of Suez Areas and into Hands Of National Oil Companies (NOCs)U.S. CDU Increases - Small Simple Refining Projects to take Advantage of Lower Prices Oil Shale ProductionLatin / South America - New Capacity to Process Local Crudes and Lower Product Import LevelsMiddle East - Large Upgrade Projects and NOCs Constructions to Dominate the LandscapeChina - $50 Billion in Planned New Refining Capacity Including Joint VenturesOther OECD Asia - New Capacity in Vietnam, Malaysia, Indoenesia, India, Pakistan & Cambodia to Change Crude & Product Trade FlowsAfrica - Building Capacity to Meet Growing Demand & Lower Product ImportsFSU - Surplus Refining Capacity Situation Results in Emphasis on Refining Upgrade Projects and not on Adding CapacityForecast of Annual Capital SpendingNew Refining Capacity Results in Changing Industry Dynamics1.1 List of TablesTable 1: 2014 - 2020 Refining SummaryTable 2: 2014 - 2020 Refining Forecast SummaryTable 3: Forecast CDU Capacity Additions - mbdTable 4: Global Refining Capacity TrendTable 5: U.S. CDU Capacity - mbdTable 6: CDU Capacity - mbd - Latin / South AmericaTable 7: CDU Capacity - mbd - Middle EastTable 8: CDU Capacity - mbd - ChinaTable 9: New Grass-Root Refining Projects CDU Capacity - mbd - Other AsiaTable 10: CDU Capacity - mbd - AfricaTable 11: CDU Capacity - mbd - FSUTable 12: Estimated Annual Capital Spending - Millions $1.2 List of FiguresFigure 1: Global Refining Capacity Forecast to be in the Hands of NOCs and East of Suez by 2020