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Follow on Google News | Planned Oil Refineries - Global Market Analysis, Competitive LandscapeAround 80.1% of The Global Planned Oil Refining Capacity Addition Will be Contributed From Asia Pacific And The Middle East And Africa Together By 2016
By: Rajesh Gunnam Globally by 2016, 37 countries will add oil refining capacities and the top five countries of these in terms of highest planned oil refining capacity will contribute about 42.9% to the global planned oil refining capacity. The top five countries include China, Saudi Arabia, Iran, Iraq and India China will lead the global planned oil refinery market in terms of capacity addition for the period 2011– 2016. Of the planned oil refining capacity addition of 609.6 MMtpa globally by 2016, 70.0 MMtpa will be added in China. In the planned oil refinery industry, Petrochina Company Ltd. and China Petroleum & Chemical Corporation are the leading companies in the country. The country plans to construct six refineries, of which two will be operational in 2012, two in 2013 and one each in 2014 and 2015. All the planned refineries are complex refineries, four consisting of hydroskimming units and two consisting of coking units. For Sample Pages, please click or add the below link to your browser: http://www.globaldata.com/ Increasing availability of heavier and sourer crude oil will mandate the setting up of complex oil refineries. The oil and gas industry is increasingly witnessing scarcity of lighter and sweeter crude oil. Sourer crude oil indicates a higher sulfur content, which negatively impacts the environment on combustion. Processing of heavier and sourer crude is more difficult than lighter and sweeter crude and is also a costly affair. Only the oil refineries with high complexity index levels can process such crude oils. Of late, the majority of the oil discoveries contain heavy and sour crude oil. This clearly mandates the need for refineries with higher complexity indexes that are equipped with coking and/or hydroskimming units. “Planned Oil Refineries - Global Market Analysis, Competitive Landscape and Capacity Forecasts to 2016”, is the latest report from GlobalData, the industry analysis specialists, that offers comprehensive information on the planned oil refinery market. The report provides information on the global and regional planned oil refinery capacities and also highlights the key issues and trends in the global oil refinery market. The research provides an in depth analysis with a focus on planned oil refinery capacity growth by key companies and countries across various regions globally. The report also highlights the operations of some key planned oil refinery terminals. Planned oil refining capacity addition, globally, is driven by surging demand for various petroleum products worldwide, especially in developing countries. The developing countries stand out in terms of planned oil refining capacity addition primarily due to two factors: limited existing oil refining capacities (unlike the case with developed countries), and faster growth in demand for petroleum products owing to their rapid economic development. Globally, oil refining capacity of 609.6 million metric tons per annum (MMtpa) will be added by 2016. This addition will take place as 66 planned oil refineries, in 37 countries across the world, start refining operations during 2011–2016. As of June 2011, an oil refining capacity of about 92.7 MMtpa is scheduled to be added globally in 2011 alone. For further details, please click or add the below link to your browser: http://www.globaldata.com/ Visit our report store: http://www.globaldata.com/ For more details contact: pressreleases@ North America: +1 646 395 5477 Europe: Asia Pacific: # # # GlobalData is a UK-based company with presence across North America, Europe and Asia Pacific and has a broad product offering that ranges from interactive databases, reports and custom solutions. It is a comprehensive source of insights and analysis with coverage including oil & gas, power, alternative energy, nuclear power, petrochemicals, medical equipment and healthcare industries. End
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