Capacity and Capital Expenditure Outlook for Refineries in South America - Brazil to Drive Refinery Capacity Growth

 Published On: Jul, 2014 |    No of Pages: 69 |  Published By: GlobalData | Format: PDF
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Summary

Brazil will dominate the refining capacity expansion in South America between the 2013 and 2018 period accounting for around 48% of the total increase in the capacity. The refining capacity of Brazil is expected to increase by 60.7% during the period.  The refining capacity of Venezuela will also increase substantially by 24%. The annual capital expenditure for the planned refineries in South America is expected to decrease from US$15.8 billion in 2014 to US$2.3 billion in 2018, a total decrease of 86%.

Scope

- Updated information relating to all active and planned refineries
- Provides historical data from 2005 to 2013, forecast to 2018
- Information on refining, FCC, hydrocracking and coking capacities by refinery and country
- Provides operator information for all active and planned refineries
- Product and brand updates, strategy changes, R&D projects, corporate expansions and contractions and regulatory changes.
- Key mergers and acquisitions, partnerships, private equity investments and IPOs.

Reasons to buy

- Obtain the most up to date information available on all active and planned refineries in South America
- Identify growth segments and opportunities in the industry.
- Facilitate decision making on the basis of strong historic and forecast refinery and unit capacity data.
- Assess your competitorís refining portfolio and its evolution
- Develop strategies based on the latest operational, financial, and regulatory events.
- Do deals with an understanding of how competitors are financed, and the mergers and partnerships that have shaped the market.

1 Table of Contents
1 Table of Contents 2
1.1 List of Tables 5
1.2 List of Figures 6
2 South America Refining Industry 7
2.1 South America Refining Industry, An Overview 7
2.1.1 South America Refining Industry, Key Data 7
2.1.2 South America Refining Industry, Total Refining Capacity 7
2.2 South America Refining Industry, Planned Refining Facilities 9
2.2.1 Refining Industry in South America, Annual Capital Expenditure Outlook for Planned Refineries 10
2.3 Refining Industry in Brazil 11
2.3.1 Refining Industry in Brazil, Crude Distillation Unit Capacity, 2005-2018 11
2.3.2 Refining Industry in Brazil, Coking Capacity, 2005-2018 13
2.3.3 Refining Industry in Brazil, Fluid Catalytic Cracking Capacity, 2005-2018 14
2.3.4 Refining Industry in Brazil, Hydrocracking Capacity, 2005-2018 15
2.4 Refining Industry in Venezuela 16
2.4.1 Refining Industry in Venezuela, Crude Distillation Unit Capacity, 2005-2018 16
2.4.2 Refining Industry in Venezuela, Coking Capacity, 2005-2018 17
2.4.3 Refining Industry in Venezuela, Fluid Catalytic Cracking Capacity, 2005-2018 17
2.4.4 Refining Industry in Venezuela, Hydrocracking Unit Capacity, 2005-2018 18
2.5 Refining Industry in Argentina 19
2.5.1 Refining Industry in Argentina, Crude Distillation Unit Capacity, 2005-2018 19
2.5.2 Refining Industry in Argentina, Coking Capacity, 2005-2018 20
2.5.3 Refining Industry in Argentina, Fluid Catalytic Cracking Capacity, 2005-2018 20
2.5.4 Refining Industry in Argentina, Hydrocracking Capacity, 2005-2018 21
2.6 Refining Industry in Colombia 21
2.6.1 Refining Industry in Colombia, Crude Distillation Unit Capacity, 2005-2018 21
2.6.2 Refining Industry in Colombia, Coking Capacity, 2005-2018 22
2.6.3 Refining Industry in Colombia, Fluid Catalytic Cracking Capacity, 2005-2018 22
2.6.4 Refining Industry in Colombia, Hydrocracking Capacity, 2005-2018 23
2.7 Refining Industry in Chile 23
2.7.1 Refining Industry in Chile, Crude Distillation Unit Capacity, 2005-2018 23
2.7.2 Refining Industry in Chile, Coking Unit Capacity, 2005-2018 24
2.7.3 Refining Industry in Chile, Fluid Catalytic Cracking Capacity, 2005-2018 24
2.7.4 Refining Industry in Chile, Hydrocracking Unit Capacity, 2005-2018 25
2.8 Refining Industry in Peru 25
2.8.1 Refining Industry in Peru, Crude Distillation Unit Capacity, 2005-2018 25
2.8.2 Refining Industry in Peru, Coking Capacity, 2005-2018 26
2.8.3 Refining Industry in Peru, Fluid Catalytic Cracking Capacity, 2005-2018 26
2.9 Refining Industry in Ecuador 27
2.9.1 Refining Industry in Ecuador, Crude Distillation Unit Capacity, 2005-2018 27
2.9.2 Refining Industry in Ecuador, Fluid Catalytic Cracking Capacity, 2005-2018 27
2.10 Refining Industry in Bolivia 28
2.10.1 Refining Industry in Bolivia, Crude Distillation Unit Capacity, 2005-2018 28
2.11 Refining Industry in Uruguay 29
2.11.1 Refining Industry in Uruguay, Crude Distillation Unit Capacity, 2005-2018 29
2.11.2 Refining Industry in Uruguay, Fluid Catalytic Cracking Capacity, 2005-2018 29
2.12 Refining Industry in Paraguay 30
2.12.1 Refining Industry in Paraguay, Crude Distillation Unit Capacity, 2005-2018 30
2.13 Refining Industry in Suriname 31
2.13.1 Refining Industry in Suriname, Crude Distillation Unit Capacity, 2005-2018 31
2.13.2 Refining Industry in Suriname, Hydrocracking Capacity, 2005-2018 31
3 Financial Deals Landscape 32
3.1 Detailed Deal Summary 32
3.1.1 Acquisition 32
3.1.2 Equity Offerings 39
3.1.3 Debt Offerings 42
3.1.4 Partnerships 49
3.1.5 Asset Transactions 52
4 Recent Developments 53
4.1 License Awards 53
4.1.1 Jan 21, 2014: Statoil awarded new acreage on the Norwegian continental shelf 53
4.2 Strategy and Business Expansion 54
4.2.1 Jul 03, 2014: Shell to upgrade Batangas refinery in Philippines 54
4.2.2 Jun 15, 2014: Black Diamond Oil Seychelles Opens Corporation in United Kingdom with Refinery Launch into Middle East 54
4.2.3 Jun 02, 2014: Gazprom Neft seeks adding 30 million tonnes refining capacity outside Russia 56
4.2.4 May 27, 2014: Peruís Talara oil refinery expansion to create 4,000 jobs 56
4.2.5 May 24, 2014: Rosneft and PetroVietnam Oil Corporation agreed upon the main terms of long-term oil supplies to Vietnam 57
4.2.6 May 14, 2014: MRPL commissions coker heavy gas oil hydro treating unit of phase III refinery expansion project 57
4.2.7 May 12, 2014: Abu Dhabiís Ruwais refinery to be operational by 2014 end 57
4.2.8 May 06, 2014: BPCL to replace crude processing unit at Mumbai refinery 57
4.2.9 May 05, 2014: Iran to increase petrochemical production in 2014 58
4.2.10 May 01, 2014: Phillips 66 to resume Alliance refinery units in US 58
4.2.11 May 01, 2014: Flint Hills halts gasoline production at North Pole refinery in US 59
4.3 Drilling and Production Updates 59
4.3.1 Apr 03, 2014: CVO Petrochemical starts production at new refinery 59
4.3.2 Jan 17, 2014: Federated Co-operatives Refinery increases production capacity 59
4.4 Other Significant Developments 60
4.4.1 Jul 08, 2014: Alon USA Partners Announces Completion Of Turnaround And Provides Second Quarter Update 60
4.4.2 Jul 07, 2014: Surgutneftegas: Operating Results For Six Months Of The Current Year 60
4.4.3 Jul 01, 2014: BPCL shuts Mumbai refinery's diesel unit due to technical problem 61
4.4.4 Jun 30, 2014: Iran considers building five mini-refineries at Southwestern province 61
4.4.5 Jun 30, 2014: Mr. AMK Sinha entrusted additional charge as Chairman, IndianOil 61
4.4.6 Jun 27, 2014: NGSC identifies locations for construction of mini LNG refineries in Iran 62
4.5 New Contracts Announcements 62
4.5.1 Jun 30, 2014: Hyundai E&C wins $3.47bn order to expand Puerto La Cruz refinery in Venezuela 62
4.5.2 Jun 10, 2014: Graham Wins $8 Million of Orders for Global Oil Refining Projects 63
4.5.3 Jun 01, 2014: Mohammed Al-Mojil Group signs MOU with Essar to develop construction services solution for Jazan refinery 63
4.5.4 May 30, 2014: Graham wins $10m orders for North American oil refining and petrochemical projects 64
4.5.5 May 29, 2014: Petroperu awards to TR the Talara refinery modernization project (Peru) 65
4.5.6 May 22, 2014: KBR Wins Project Management Consultancy Contract for Participation in the Major Revamp Program Russiaís Largest Refinery 66
5 Appendix 67
5.1 Abbreviations 67
5.2 Market Definition 67
5.3 Methodology 68
5.3.1 Coverage 68
5.3.2 Secondary Research 68
5.3.3 Primary Research 68
5.4 Contact Us 69
5.5 Disclaimer 69

1.1 List of Tables
Table 1: South America, Refinery Key Statistics, 2013 7
Table 2: South America, Refining Capacity by Country (mbd), 2005-2018 7
Table 3: South America, Planned Crude Distillation Unit Capacity (mbd), 2014-2018 9
Table 4: South America, Annual Capital Expenditure Outlook for Refineries (Million USD), 2014-2018 10
Table 5: South America, Crude Distillation Unit Capacity in Brazil (mbd), 2005-2018 11
Table 6: South America, Crude Distillation Unit Capacity in Brazil (mbd), 2005-2018 (Contd.1) 12
Table 7: South America, Coking Unit Capacity in Brazil (mbd), 2005-2018 13
Table 8: South America, Fluid Catalytic Cracking Unit Capacity in Brazil (mbd), 2005-2018 14
Table 9: South America, Hydrocracking Unit Capacity in Brazil (mbd), 2005-2018 15
Table 10: South America, Crude Distillation Unit Capacity in Venezuela (mbd), 2005-2018 16
Table 11: South America, Coking Unit Capacity in Venezuela (mbd), 2005-2018 17
Table 12: South America, Fluid Catalytic Cracking Unit Capacity in Venezuela (mbd), 2005-2018 17
Table 13: South America, Hydrocracking Unit Capacity in Venezuela (mbd), 2005-2018 18
Table 14: South America, Crude Distillation Unit Capacity in Argentina (mbd), 2005-2018 19
Table 15: South America, Coking Unit Capacity in Argentina (mbd), 2005-2018 20
Table 16: South America, Fluid Catalytic Cracking Unit Capacity in Argentina (mbd), 2005-2018 20
Table 17: South America, Hydrocracking Unit Capacity in Argentina (mbd), 2005-2018 21
Table 18: South America, Crude Distillation Unit Capacity in Colombia (mbd), 2005-2018 21
Table 19: South America, Coking Unit Capacity in Colombia (mbd), 2005-2018 22
Table 20: South America, Fluid Catalytic Cracking Unit Capacity in Colombia (mbd), 2005-2018 22
Table 21: South America, Hydrocracking Unit Capacity in Colombia (mbd), 2005-2018 23
Table 22: South America, Crude Distillation Unit Capacity in Chile (mbd), 2005-2018 23
Table 23: South America, Coking Unit Capacity in Chile (mbd), 2005-2018 24
Table 24: South America, Fluid Catalytic Cracking Unit Capacity in Chile (mbd), 2005-2018 24
Table 25: South America, Hydrocracking Unit Capacity in Chile (mbd), 2005-2018 25
Table 26: South America, Crude Distillation Unit Capacity in Peru (mbd), 2005-2018 25
Table 27: South America, Coking Capacity in Peru (mbd), 2005-2018 26
Table 28: South America, Fluid Catalytic Cracking Unit Capacity in Peru (mbd), 2005-2018 26
Table 29: South America, Crude Distillation Unit Capacity in Ecuador (mbd), 2005-2018 27
Table 30: South America, Fluid Catalytic Cracking Unit Capacity in Ecuador (mbd), 2005-2018 27
Table 31: South America, Crude Distillation Unit Capacity in Bolivia (mbd), 2005-2018 28
Table 32: South America, Crude Distillation Unit Capacity in Uruguay (mbd), 2005-2018 29
Table 33: South America, Fluid Catalytic Cracking Unit Capacity in Uruguay (mbd), 2005-2018 29
Table 34: South America, Crude Distillation Unit Capacity in Paraguay (mbd), 2005-2018 30
Table 35: South America, Crude Distillation Unit Capacity in Suriname (mbd), 2005-2018 31
Table 36: South America, Hydrocracking Unit Capacity in Suriname (mbd), 2005-2018 31
Table 37: Government of Peru Plans To Sell Up To 49% Stake In Petroperu 32
Table 38: Petronas Plans To Sell 11% Stake In Petrocarabobo, Heavy Oil Upgrader Project Joint Venture In Venezuela 33
Table 39: Petrobras Rejects Bids For Acquisition Of Its Interest In Petrobras Argentina 34
Table 40: Government Of Argentina Completes Acquisition Of 51% Stake In YPF From Repsol YPF 35
Table 41: Pan American Completes Acquisition Of Esso Petrolera Argentina, Oil Refining Company, From Exxon Mobil 36
Table 42: Maple Energy Completes Private Placement Of Shares For US$14.2 Million 39
Table 43: Petroperu Plans IPO Of Shares 40
Table 44: Maple Energy Terminates Standby Equity Distribution Agreement With YA Global Master 41
Table 45: YPF Completes Public Offering Of 8.75% Bonds Due 2024 For US$1 Billion 42
Table 46: Petrobras Prices Public Offering Of Notes Due 2017 For US$1.4 Billion 43
Table 47: Petrobras Prices Public Offering Of 3.25% Notes Due 2017 For US$1.6 Billion 44
Table 48: Petrobras Prices Public Offering Of Notes Due 2020 For US$500 Million 45
Table 49: Petrobras Prices Public Offering Of 4.875% Notes Due 2020 For US$1.5 Billion 46
Table 50: Petrobras Prices Public Offering Of 6.25% Notes Due 2024 For US$2.5 Billion 47
Table 51: Petrobras Prices Public Offering Of 7.25% Notes Due 2044 For US$1 Billion 48
Table 52: GS Caltex Terminates Partnership With Petrobras To Build Refinery In Brazil 49
Table 53: Petrobras Plans To Form Partnership With Sinopec To Develop Premium I Refinery Project In Brazil 50
Table 54: Petrobras Signs Letter of Intent With GS Energy To Develop Premium 2 Refinery Project In Brazil 51
Table 55: Petroperu Terminates Proposed Acquisition Of Minority Stake In La Pampilla Refinery In Peru From Repsol 52

1.2 List of Figures
Figure 1: South America, Country Wise Share Vis-ŗ-vis Growth in Refining Capacity, 2008-2013 8
Figure 2: South America, Annual Capital Expenditure Outlook for Refineries (Million USD), 2014-2018 10


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