Refining Report: Major projects under way in Middle East
Countries in the region are expanding plants and building grassroots facilities, with countries in Africa keen to cut their fuel import bills
The Middle East is forecast to add approximately 1.6m b/d of new distillation capacity between 2022 and 2027, according to OPEC. Around 38% of this new capacity is attributed to the startup of Kuwait’s 615,000b/d Al Zour refinery, the region’s largest refining complex. However, several Middle Eastern countries are also investing in new capacity through facility expansions and/or grassroots facilities. These projects not only include increasing distillation capacity but also boosting secondary unit capacity by 3m b/d by 2028. Most secondary unit capacity additions (more than 2m b/d) will be in new desulphurisation units to produce high-quality, ultra-low-sulphur (ULS) fuels for both domestic
Also in this section
26 April 2024
While the US has been breaking records for its premium grade crude, there are doubts over whether you can have too much of a good thing
26 April 2024
Slowing demand growth and capacity expansions will squeeze refiners in coming years
25 April 2024
Some companies with assets in Israel have turned towards Egypt as tensions escalate, but others are holding firm despite rising tensions
24 April 2024
But even planned exploration activity is unlikely to reverse declining output from mature fields