Refining Industry to 2017 - Asia-Pacific, Middle East and Africa to Emerge as Key Regions for Infrastructure Investments for Capacity Additions

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Refining Industry to 2017 - Asia-Pacific, Middle East and Africa to Emerge as Key Regions for Infrastructure Investments for Capacity Additions

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Refining Industry to 2017 - Asia-Pacific, Middle East and Africa to Emerge as Key Regions for Infrastructure Investments for Capacity Additions

Summary

GBI Research, a leading business intelligence provider, has released its latest research, "Refining Industry to 2017 - Asia-Pacific, Middle East and Africa to Emerge as Key Regions for Infrastructure Investments for Capacity Additions". The study, which is an offering from the company's Energy Research Group, provides an in-depth analysis of the global refining industry, and highlights various concerns, key trends and challenges across the industry. The report provides detailed information and analysis on refining capacities by region and leading countries, upcoming refineries and capacity expansions, market shares of key companies and competitive scenarios in the global refining market to 2017. The report also provides analysis on refinery throughputs and utilization rates, details of key upcoming refinery projects (2012-2017) and the competitive scenario in all five regions across the globe. It also highlights global refining margin trends in the US Gulf Coast, north-western Europe and Singapore markets for the past three years. The report is built using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis by GBI Research's team of industry experts.

Scope

- Detailed information and analysis on refining capacities by region and leading countries, upcoming refineries and capacity expansions, market shares of key companies, and competitive scenarios in the global refining market to 2017

- Global refining industry growth, capacity additions through new and existing refineries, global petroleum products demand and key global refining industry trends, drivers and challenges are covered in the report

- Includes information on refinery capacities (2000-2017) in the 14 major markets across the globe including China, Japan, India, the Russian Federation, Germany, Italy, the US, Canada, Saudi Arabia, Iran, Iraq, Brazil, Mexico and Venezuela

- Analysis of key issues and challenges for refiners in Asia-Pacific, Europe, the Middle East and Africa, North America, as well as South and Central America

- Refinery throughputs and utilization rates (2000-2010), details of key upcoming refinery projects (2012-2017) and competitive scenario (2011) of all the above-mentioned regions

- Global refining margin trends in the US Gulf Coast, north-western Europe and Singapore markets between 2009 and 2012

- Information on active refineries (2000-2011) in major markets across the globe, including China, Japan, India, the Russian Federation, Germany, Italy, the US, Canada, Saudi Arabia, Iran, Iraq, Brazil, Mexico and Venezuela.

Reasons to buy

- Develop business strategies with the help of specific insights about the global refining industry.

- Identify key trends and challenges in the global and regional refining industry.

- Identify the most attractive investment destinations for your business by comparing regional industry growth in Asia-Pacific, Europe, the Middle East and Africa, North America, as well as South and Central America.

- Competitive analysis and market share of major companies across the globe.

- Identify the global refining margin trends in three major refining markets of the US Gulf Coast, north-western Europe and Singapore.

- Benchmark your operations and strategies using key insights from the major current and expected business developments within the refining industry.

Table of Contents

1 Table of Contents

1 Table of Contents 6

1.1 List of Tables 8

1.2 List of Figures 9

2 Introduction 11

3 Global Refining Industry 12

3.1 Industry Overview 12

3.2 Global Refining Industry Growth, 2000–2017 15

3.3 Global Refining Capacity and Petroleum Product Demand 17

3.4 Global Refining Industry Market Share Analysis 19

3.5 Global Refining Industry: Key Trends and Challenges 20

3.5.1 Global Refining Industry, Major Trends 20

3.6 Global Refining – Factors Challenging Future Growth 23

3.6.1 Environment Regulatory Issues and High Investment Costs 23

3.6.2 New Capabilities Required to Process Heavy-sour Crude 23

3.7 Refinery Costs and Margins 23

3.7.1 Gross Refining Margins Overview 23

3.7.2 Gross Refining Margins Trends 24

3.7.3 Gross Refining Margins Trends, US Gulf Coast, 2009 – Q1 2012 24

3.7.4 Gross Refining Margins Trends, North West Europe, 2009 – Q1 2012 26

3.7.5 Gross Refining Margin Trends, Singapore, 2009 – Q1 2012 28

4 Asia-Pacific Refining Industry – Regional Market Scenario 30

4.1 Asia-Pacific Refining Industry, Market Overview 30

4.1.1 Growth of Refining Industry in Asia-Pacific, 2000–2017 31

4.1.2 Asia-Pacific Refinery Throughput and Utilization Rates, 2000–2010 33

4.1.3 Key Upcoming Refineries in Asia-Pacific, 2012–2017 35

4.1.4 Asia-Pacific Refining Industry – Competitive Overview 36

4.2 Asia-Pacific Refining Industry, Key Trends and Challenges 38

4.2.1 China and India will Drive the Growth of Refining Industry in Asia-Pacific during 2011-2017 38

4.2.2 Regulated Price Structure Affects the Profit Margin of Asia-Pacific Refiners 38

4.2.3 Tighter Product Specifications Force Refiners to Upgrade Refineries with Secondary Conversion Units 39

4.2.4 Demand for Cleaner Fuels Forcing Refiners to Make High Investments to Upgrade Refineries 39

4.2.5 Industry is Witnessing a Change in Product Consumption Pattern 39

4.3 Asia-Pacific Refining Industry, Geographic Analysis 40

4.3.1 China 41

4.3.2 Japan 47

4.3.3 India 50

5 Europe Refining Industry – Regional Market Scenario 55

5.1 Europe Refining Industry, Market Overview 55

5.1.1 Growth of Refining Industry in Europe, 2000–2017 55

5.1.2 Europe Refinery Throughput and Utilization Rates, 2000–2010 58

5.1.3 Key Upcoming Refineries in Europe, 2012–2017 59

5.1.4 Europe Refining Industry – Competitive Overview 59

5.2 Europe Refining Industry, Key Trends and Challenges 60

5.2.1 Europe will Witness Modest Growth Rate Until 2017 60

5.2.2 Changing Product Consumption Pattern Forcing Refiners to Change Refinery Configurations 60

5.2.3 Stringent Environmental Regulations and Shift towards Cleaner, Efficient Fuels Actuating Investments in Refinery Upgrades 61

5.3 Europe Refining Industry, Geographic Analysis 61

5.3.1 Russia 62

5.3.2 Germany 65

5.3.3 Italy 68

6 North America Refining Industry – Regional Market Scenario 71

6.1 North America Refining Industry, Market Overview 71

6.1.1 Growth of Refining Industry in North America, 2000–2017 72

6.1.2 North America Refinery Throughput and Utilization Rates, 2000–2010 74

6.1.3 Key Upcoming Refineries in North America, 2012–2017 75

6.1.4 North America Refining industry – Competitive Overview 76

6.2 North America Refining Industry, Key Trends and Challenges 78

6.2.1 The US will Continue its Dominance in the World Refining Market 78

6.2.2 Stringent Environment Regulations and Increasing Investment Costs Affecting Refining Industry Growth 78

6.2.3 Heavy and Sour Crude Oil Supply Poses Challenge for North American Refineries 78

6.2.4 Refining Industry Growth in Asia-Pacific and Middle East will Affect the North American Oil Refining Companies 78

6.3 orth America Refining Industry, Geographic Analysis 79

6.3.1 The US 80

6.3.2 Canada 90

7 Middle East and Africa Refining Industry – Regional Market Scenario 94

7.1 Middle East and Africa Refining Industry, Market Overview 94

7.1.1 Growth of Refining Industry in the Middle East and Africa, 2000–2017 94

7.1.2 Middle East and Africa Refinery Throughput and Utilization Rates, 2000–2010 97

7.1.3 Key Upcoming Refineries in the Middle East and Africa, 2012–2017 98

7.1.4 Middle East and Africa Refining Industry – Competitive Overview 99

7.2 Middle East and Africa Refining Industry, Key Trends and Challenges 102

7.2.1 NOCs will Play a Major Role in the Growth of Refining Industry in the Region 102

7.2.2 Refineries will be Required to Upgrade to Process Heavier and Sour Crude 102

7.2.3 Refiners Need to Comply with Strict Market Regulations in Target Countries 102

7.3 Middle East and Africa Refining Industry, Geographic Analysis 103

7.3.1 Saudi Arabia 103

7.3.2 Iran 107

7.3.3 Iraq 110

8 South and Central America Refining Industry – Regional Market Scenario 113

8.1 South and Central America Refining Industry, Market Overview 113

8.1.1 Growth of Refining Industry in South and Central America, 2000–2017 114

8.1.2 South and Central America Refinery Throughput and Utilization Rates, 2000–2010 116

8.1.3 Key Upcoming Refineries in South and Central America, 2012–2017 117

8.1.4 South and Central America Refining industry – Competitive Overview 118

8.2 South and Central America Refining Industry, Key Trends and Challenges 120

8.2.1 South and Central America's Refining Industry Will Witness a Limited Growth Rate till 2017 120

8.2.2 National Oil Companies (NOCs) Will Lead the Refining Industry Growth 120

8.2.3 Huge Capex is Required to Build Complex Refineries 120

8.3 South and Central America Refining Industry, Geographic Analysis 121

8.3.1 Brazil 121

8.3.2 Mexico 125

8.3.3 Venezuela 127

9 Appendix 131

9.1 Market Definition 131

9.2 Abbreviations 131

9.3 References 132

9.4 Methodology 132

9.4.1 Coverage 132

9.4.2 Secondary Research 132

9.4.3 Primary Research 133

9.4.4 Expert Panel Validation 133

9.5 Contact Us 133

9.6 Disclaimer 133

List of Tables

1.1 List of Tables

Table 1: Refining Industry, Global, Number of Active Refineries by Country, 2011 13

Table 2: Refining Industry, Global, Number of Active Refineries by Type, 2011 14

Table 3: Refining Industry, Global, Type of Active Refineries by Region, 2011 15

Table 4: Refining Industry, Global, Refining Capacity (MMtpa), 2000–2017 16

Table 5: Refining Industry, Global, Refining Capacity and Petroleum Products Demand (MMtpa), 2000-2011 18

Table 6: Refining Industry, Global, Refining Capacity Share Percentage by Company, %, 2011 19

Table 7: Refining Industry, Middle East and Africa, Planned Capacity Additions (MMtpa), 2012–2017 21

Table 8: Refining Industry, US Gulf Coast, Quarterly Gross Refining Margins ($/Barrel), 2009 – Q1 2012 25

Table 9: Refining Industry, North West Europe, Quarterly Gross Refining Margins ($/Barrel), 2009 – Q1 2012 27

Table 10: Refining Industry, Singapore, Quarterly Gross Refining Margins ($/Barrel), 2009 – Q1 2012 29

Table 11: Refining Industry, Asia-Pacific, Key Statistics, 2011 30

Table 12: Refining Industry, Asia-Pacific, Refining Capacity by Country (MMtpa), 2000–2017 32

Table 13: Refining Industry, Refinery Throughput (MMtpa) and Utilization Rate (%), 2000–2010 34

Table 14: Refining Industry, Asia-Pacific, Planned Refinery Projects, 2012–2017 35

Table 15: Refining Industry, Asia-Pacific, Refining Capacity by Company (MMtpa), 2000–2017 37

Table 16: Refining Industry, Specifications for Sulfur Content in Gasoline in Select Regions/ Countries, Parts Per Million (ppm), 2010-2020 39

Table 17: Refining Industry, Specifications for Sulfur Content in Gasoil in Select Regions/ Countries, Parts Per Million (ppm), 2010-2020 39

Table 18: Refining Industry, China, Refining Capacity (MMtpa), 2000–2017 42

Table 19: Refining Industry, China, List of Active Refineries and Capacity (MMtpa), 2000–2011 43

Table 20: Refining Industry, Japan, Refining Capacity (MMtpa), 2000–2017 48

Table 21: Refining Industry, Japan, List of Active Refineries and Capacity (MMtpa), 2000–2011 49

Table 22: Refining Industry, India, Refining Capacity (MMtpa), 2000–2017 52

Table 23: Refining Industry, India, List of Active Refineries and Capacity, (MMtpa), 2000-2011 53

Table 24: Refining Industry, Europe, Key Statistics, 2011 55

Table 25: Refining Industry, Europe, Refining Capacity by Country (MMtpa), 2000–2017 57

Table 26: Refining Industry, Europe, Refinery Throughput (MMtpa) and Utilization Rate (%), 2000–2010 58

Table 27: Refining Industry, Europe, Planned Refinery Projects, 2012–2017 59

Table 28: Refining Industry, Europe, Refining Capacity by Company (MMtpa), 2000–2017 60

Table 29: Refining Industry, Russia, Refining Capacity (MMtpa), 2000–2017 63

Table 30: Refining Industry, Russia, List of Active Refineries and Capacity (MMtpa), 2000–2011 64

Table 31: Refining Industry, Germany, Refining Capacity (MMtpa), 2000–2017 66

Table 32: Refining Industry, Germany, List of Active Refineries and Capacity (MMtpa), 2000-2011 67

Table 33: Refining Industry, Italy, Refining Capacity (MMtpa), 2000–2017 69

Table 34: Refining Industry, Italy, List of Active Refineries and Capacity (MMtpa), 2000–2011 70

Table 35: Refining Industry, North America, Key Statistics, 2011 71

Table 36: Refining Industry, North America, Refining Capacity by Country (MMtpa), 2000–2017 73

Table 37: Refining Industry, North America, Refinery Throughput (MMtpa) and Utilization Rate (%), 2000–2010 75

Table 38: Refining Industry, North America Planned Refinery Projects, 2012–2017 75

Table 39: Refining Industry, North America, Refining Capacity by Company (MMtpa), 2000–2017 77

Table 40: Refining Industry, The US, Refining Capacity (MMtpa), 2000–2017 81

Table 41: Refining Industry, The US, List of Active Refineries and Capacity, 2000–2011 82

Table 42: Refining Industry, Canada, Refining Capacity (MMtpa), 2000–2017 91

Table 43: Refining Industry, Canada, List of Active Refineries and Capacity (MMtpa), 2000-2011 92

Table 44: Refining Industry, Middle East and Africa, Key Statistics, 2011 94

Table 45: Refining Industry, Middle East and Africa, Refining Capacity by Country (MMtpa), 2000–2017 96

Table 46: Refining Industry, Middle East and Africa, Refinery Throughput (MMtpa) and Utilization Rate (%), 2000–2010 98

Table 47: Refining Industry, Middle East and Africa, Planned Refinery Projects, 2012–2017 98

Table 48: Refining Industry, Middle East and Africa, Refining Capacity by Company (MMtpa), 2000–2017 101

Table 49: Refining Industry, Saudi Arabia, Refining Capacity (MMtpa), 2000–2017 105

Table 50: Refining Industry, Saudi Arabia, List of Active Refineries and Capacity (MMtpa), 2000–2011 106

Table 51: Refining Industry, Iran, Refining Capacity (MMtpa), 2000–2017 108

Table 52: Refining Industry, Iran, List of Active Refineries and Capacity (MMtpa), 2000–2011 109

Table 53: Refining Industry, Iraq, Refining Capacity (MMtpa), 2000–2017 111

Table 54: Refining Industry, Iraq, List of Active Refineries and Capacity (MMtpa), 2000-2011 112

Table 55: Refining Industry South and Central America, Key Statistics, 2011 113

Table 56: Refining Industry, South and Central America, Refining Capacity by Country (MMtpa), 2000–2017 115

Table 57: Refining Industry, South and Central America, Refinery Throughput (MMtpa) and Utilization Rate (%), 2000–2010 117

Table 58: Refining Industry, South and Central America Planned Refinery Projects, 2012–2017 117

Table 59: Refining Industry, South and Central America, Refining Capacity by Company (MMtpa), 2000–2017 119

Table 60: Refining Industry, Brazil, Refining Capacity (MMtpa), 2000–2017 123

Table 61: Refining Industry, Brazil, List of Active Refineries and Capacity (MMtpa), 2000-2011 124

Table 62: Refining Industry, Mexico, Refining Capacity (MMtpa), 2000–2017 126

Table 63: Refining Industry, Mexico, List of Active Refineries and Capacity (MMtpa), 2000-2011 127

Table 64: Refining Industry, Venezuela, Refining Capacity (MMtpa), 2000–2017 129

Table 65: Refining Industry, Venezuela, List of Active Refineries and Capacity (MMtpa), 2000-2011 130

List of Figures

1.2 List of Figures

Figure 1: Refining Industry, Global, Number of Active Refineries by Country, 2011 12

Figure 2: Refining Industry, Global, Number of Active Refineries by Type, 2011 13

Figure 3: Refining Industry, Global, Type of Active Refineries by Region, 2011 14

Figure 4: Refining Industry, Global, Refining Capacity (MMtpa), 2000–2017 15

Figure 5: Refining Industry, Global, Refining Capacity and Petroleum Products Demand (MMtpa), 2000-2011 17

Figure 6: Refining Industry, Global, Refining Capacity Share by Company, %, 2011 19

Figure 7: Refining Industry, Middle East and Africa, Percentage Share of Countries in Capacity Addition Through New Refineries, 2012–2017 20

Figure 8: Refining Industry, Asia-Pacific, Percentage Share of Countries in Capacity Addition through New Refineries, 2012–2017 22

Figure 9: Refining Industry, US Gulf Coast, Monthly Gross Refining Margins ($/Barrel), 2009 – Q1 2012 24

Figure 10: Refining Industry, North West Europe, Monthly Gross Refining Margins ($/Barrel), 2009 – Q1 2012 26

Figure 11: Refining Industry, Singapore, Quarterly Gross Refining Margins ($/Barrel), 2009 – Q1 2012 28

Figure 12: Refining Industry, Asia-Pacific, Refining Capacity by Country (MMtpa), 2000–2017 31

Figure 13: Refining Industry, Asia-Pacific, Refinery Throughput (MMtpa) and Utilization Rate (%), 2000–2010 33

Figure 14: Refining Industry, Asia-Pacific, Refining Capacity by Company (MMtpa), 2000–2017 36

Figure 15: Refining Industry, Asia-Pacific, Share of Planned Refinery Capacity Additions in China, India and the Rest of Asia-Pacific (%), 2012–2017 38

Figure 16: Refining Industry, Asia-Pacific, Refining Capacity Share (%), 2011 vs. 2017 40

Figure 17: Refining Industry, China, Refining Capacity (MMtpa), 2000–2017 41

Figure 18: Refining Industry, Japan, Refining Capacity (MMtpa), 2000–2017 47

Figure 19: Refining Industry, India, Refining Capacity (MMtpa), 2000–2017 51

Figure 20: Refining Industry, Europe, Refining Capacity by Country (MMtpa), 2000–2017 56

Figure 21: Refining Industry, Europe, Refinery Throughput (MMtpa) and Utilization Rate (%), 2000–2009 58

Figure 22: Refining Industry, Europe, Refining Capacity by Company (MMtpa), 2000–2017 59

Figure 23: Refining Industry, Europe, Refining Capacity Share (%), 2011 vs. 2017 61

Figure 24: Refining Industry, Russia, Refining Capacity (MMtpa), 2000–2017 62

Figure 25: Refining Industry, Germany, Refining Capacity (MMtpa), 2000–2017 65

Figure 26: Refining Industry, Italy, Refining Capacity (MMtpa), 2000–2017 68

Figure 27: Refining Industry, North America, Refining Capacity by Country (MMtpa), 2000–2017 72

Figure 28: Refining Industry, North America, Refinery Throughput (MMtpa) and Utilization Rate (%), 2000–2010 74

Figure 29: Refining Industry, North America, Refining Capacity by Company (MMtpa), 2000–2017 76

Figure 30: Refining Industry, North America, Refining Capacity Share, (%), 2011 vs. 2017 79

Figure 31: Refining Industry, The US, Refining Capacity (MMtpa), 2000–2017 80

Figure 32: Refining Industry, Canada, Refining Capacity (MMtpa), 2000–2017 90

Figure 33: Refining Industry, Middle East and Africa, Refining Capacity by Country (MMtpa), 2000–2017 95

Figure 34: Refining Industry, Middle East and Africa, Refinery Throughput (MMtpa) and Utilization Rate (%), 2000–2010 97

Figure 35: Refining Industry, Middle East and Africa, Refining Capacity by Company (MMtpa), 2000–2017 100

Figure 36: Refining Industry, Middle East and Africa, Refining Capacity Share (%), 2011 vs. 2017 103

Figure 37: Refining Industry, Saudi Arabia, Refining Capacity (MMtpa), 2000–2017 104

Figure 38: Refining Industry, Iran, Refining Capacity (MMtpa), 2000–2017 107

Figure 39: Refining Industry, Iraq, Refining Capacity (MMtpa), 2000–2017 110

Figure 40: Refining Industry, South and Central America, Refining Capacity by Country (MMtpa), 2000–2017 114

Figure 41: Refining Industry, South and Central America, Refinery Throughput (MMtpa) and Utilization Rate (%), 2000–2010 116

Figure 42: Refining Industry, South and Central America, Refining Capacity by Company (MMtpa), 2000–2017 118

Figure 43: Refining Industry, South and Central America, Refining Capacity Share (%), 2011 vs. 2017 121

Figure 44: Refining Industry, Brazil, Refining Capacity (MMtpa), 2000–2017 122

Figure 45: Refining Industry, Mexico, Refining Capacity (MMtpa), 2000–2017 125

Figure 46: Refining Industry, Venezuela, Refining Capacity (MMtpa), 2000–2017 128

Companies Mentioned

Abu Dhabi Oil Refining Company

BP Plc

China Petroleum & Chemical Corporation

ConocoPhillips

Ecopetrol

ExxonMobil Corporation

Kuwait National Petroleum Co.

Marathon Petroleum Corporation

NAFTEC S.p.A.

National Iranian Oil Refining and Distribution Company

Nippon Oil Corporation

OAO Lukoil

Petrochina Company Ltd.

Petroleo Brasileiro S.A.

Petroleos De Venezuela S.A.

Petróleos Mexicanos

Reliance Industries Limited

Repsol YPF, S.A.

Rosneft

Royal Dutch Shell Plc

Saudi Aramco

SK Energy Co., Ltd.

Total S.A.

Valero Energy Corporation

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: Refining Industry to 2017 - Asia-Pacific, Middle East and Africa to Emerge as Key Regions for Infrastructure Investments for Capacity Additions

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