Future of Global Refining Industry to 2015 - Benefiting From National Oil Companies' Growth

22 Apr 2010 • by Natalie Aster

The global refining capacity is expected to grow from 4,513 MMTPA in 2009 to 5,395 MMTPA in 2015 at an AAGR of 2.98% as compared to 1.56% growth between 2000 and 2009.

With low petroleum product demand and declining falling refinery margins forcing private, international oil companies to reduce or cancel investments in the refining business, national oil companies are going ahead with their refinery projects with long-term strategic objectives.

Leveraging on their strong cash reserves and strong government support, most national oil companies are adding refining capacities, either to cater to domestic refined products demand or to transform their countries into global refining hubs. Given the regulatory constraints in building Greenfield refineries in North America and Europe, the Middle East has the potential to become a major petroleum product supplier to these regions.

The report "The Future of the Global Refining Industry to 2015 - Benefiting From National Oil Companies' Growth" is a source for top-level energy industry information and analyses. The report provides an in-depth analysis of the key trends, issues and challenges in the global refining industry to 2015. It covers the global refining market with information on historical and forecast capacities of refineries by region and key countries during the period 2000-2015. Leading companies in the global refining industry and their investment opportunities and challenges have been examined in the report.

The report covers:

• Analysis on refining capacities by region and leading countries in the global refining market to 2015;
• Overview of global refining industry growth and capacity additions through new and existing refineries;
• Competitive overview and market shares for the 14 major markets across the globe namely China, Japan, India, Russian Federation, Germany, Italy, United States, Canada, Saudi Arabia, Iran, Kuwait, Brazil, Mexico and Venezuela;
• Analysis of key issues and challenges for refiners in Asia-Pacific, Europe, Middle East and Africa, North, South and Central America between 2010 and 2015;
• Refinery throughputs and utilization rates and details of key upcoming refinery projects from 2010-2015;
• Information on refining capacities, planned and active refineries directly owned by top 10 global refiners including ExxonMobil Corporation, China Petroleum & Chemical Corporation, Royal Dutch Shell Plc, ConocoPhillips, Petrochina Company Ltd, Valero Energy Corporation, BP Plc, Total SA, Petroleo Brasileiro SA and Petroleos De Venezuela SA.

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