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Asia Dominates the Global Refining Industry in Terms of CDU Capacity and Capex | GlobalData Plc
The global crude distillation unit (CDU) capacity is at 105.6 million barrels per day (mmbd) in 2022
LONDON, June 14, 2022 (GLOBE NEWSWIRE) -- The CDU capacity is expected to witness a growth of over 10% from 2022 to 2026. Asia’s CDU capacity is the highest among all regions globally followed by North America and Europe. Among countries, China, India, and Nigeria would be the top three countries globally for CDU capacity additions during the 2022 to 2026 outlook period.
The Refineries Capacity and Capital Expenditure Outlook, 2022-2026 market research report offered by GlobalData Plc provides a comprehensive overview of the global crude oil refining industry with a focus on their refining capacity and capital expenditure. The report provides refinery details such as the refinery name, country, and refinery operator name, with in-depth coverage of crude distillation unit or, CDU capacity and other major unit capacities for all active, and new-build (planned and announced) refineries.
For more insights on the global refining market forecast, download a free report sample
Major Announced Refinery Projects
Otuasega
Kogo
Um-Dabakir
Uturogu
Ningo
Otuasega is a hydroskimming-type refinery proposed in Nigeria with a total capex of $465 million. It is expected to start operations in 2025 with a capacity of 30 mbd. Yeringsco Refinery and Petrochemical Co Ltd is the operator as well as 100% equity holder of the refinery.
Global Refining Industry Outlook by Region
Asia
Africa
The Middle East
North America
The Former Soviet Union (FSU)
South America
Europe
Oceania
More than 60% of Asia’s capex is expected to be spent by India, China, and Indonesia. Indian Oil Corp Ltd, PT Pertamina (Persero), and China Petrochemical Corp are the companies with the highest capex in terms of new build and expansion capex in Asia’s refining industry.
Refining Market Analysis by Region
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Major Refining Companies
Indian Oil Corp Ltd
PT Pertamina (Persero)
China Petrochemical Corp
South Refineries Co
Sonangol EP
Sugih Energy International Pte Ltd
Saudi Arabian Oil Co
Rosneft Oil Co
Oil and Natural Gas Corp Ltd
Mestosync Energy
Refining Market Analysis by Leading Companies
To know more about leading refining companies, download a free report sample
Refining Market Overview
Market Size 2022 | 105.6 mmbd |
Growth Rate | >10% |
Forecast Period | 2022-2026 |
Major Announced Projects | Otuasega, Kogo, Um, Dabakir, Uturogu, and Ningo |
Key Regions | Asia, Africa, Middle East, North America, Former Soviet Union (FSU), South America, Europe, and Oceania |
Leading Companies | Indian Oil Corp Ltd, PT Pertamina (Persero), China Petrochemical Corp, South Refineries Co, Sonangol EP, Sugih Energy International Pte Ltd, Saudi Arabian Oil Co, Rosneft Oil Co, Oil and Natural Gas Corp Ltd, and Mestosync Energy |
Refining Market Report Scope
Refinery CDU capacity by region for the period 2016 to 2026
CDU new build and expansion capacity additions by key countries
New build and expansion capex of refineries by region, key countries, and companies
Regional new build and expansion capital expenditure outlook by key countries and companies
New build and expansion capacity additions by region for coking, FCC, and hydrocracker units
Key details of major new build refineries expected to start operations by 2026
Reasons to Buy
Obtain the most up to date information available on refineries globally
Facilitate decision making based on strong historical, and outlook of CDU capacity data
Develop business strategies with the help of specific insights about capex spending on refineries globally and by region
Keep abreast of key new build refinery projects globally
Assess your competitor’s new build refinery projects and capex
FAQs
What is the CDU capacity of the global refining market in 2022?
The CDU capacity of the global refining industry is 105.6 million barrels per day (mmbd) in 2022.
What is the global refining market growth rate?
The global refining market growth rate is projected to grow at a rate of more than 10% during the forecast period.
What are the major refinery projects announced in the global refining industry?
The major refinery projects announced in the global refining industry are Otuasega, Kogo, Um, Dabakir, Uturogu, and Ningo.
What are the key regions in the global refining market?
The key regions in the global refining market are Asia, Africa, the Middle East, North America, the Former Soviet Union (FSU), South America, Europe, and Oceania
Which are the major refining companies?
Some of the major refining companies are Indian Oil Corp Ltd, PT Pertamina (Persero), China Petrochemical Corp, South Refineries Co, Sonangol EP, Sugih Energy International Pte Ltd, Saudi Arabian Oil Co, Rosneft Oil Co, Oil and Natural Gas Corp Ltd, and Mestosync Energy.
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