Middle East is often viewed as an upstream powerhouse
Middle East refiners primed for growth
Capacity additions set to take advantage of disruption to Russian diesel
A combination of new refineries and the expansion of existing facilities means the Middle East is well positioned to capitalise on the potential drop-off in diesel and fuel supply from Russia and the expected rise in global oil demand. While the Middle East is often viewed as an upstream powerhouse—being home to six Opec nations—it is starting to also become known as a major downstream hub too—with more than 50 refineries. “New grassroots refineries and expansion projects across the Middle East in 2023 and 2024 are expected to push the region’s total refinery capacity (crude distillation and condensate splitter) from 9.7mn bl/d in 2022 to 10.5mn bl/d in 2023 and 11.1mn bl/d in 2024,” says Im
Also in this section
3 July 2025
The July/August 2025 issue of Petroleum Economist is out now!
2 July 2025
The global energy community will converge in Dubai on 10 December for a landmark event dedicated to shaping the future of natural gas across the region
30 June 2025
Government is sending out the right policy signals to support increased domestic gas development, but policy takes time to implement and even longer to yield results
27 June 2025
Gas-on-gas competition pricing has grown its share of consumption significantly over the past two decades, primarily at the expense of oil-price-escalation pricing, according to the IGU
