Industry Reports >> Energy and Utilities >> Downstream Energy

 
Single User license
$500.00
Site license
$1,000.00
Global license
$1,500.00
 

Asia-Pacific the Middle East and Africa to Drive Global Refining Industry Growth to 2016

By:
, Published: Apr-2012
Report Code: GDGE0683VPT    Report Format: Electronic PDF

Description


As the developed refining industries of Europe and North America stagnate, the Asia-Pacific region, the Middle East and Africa will drive growth in an imbalanced global refining industry through to 2016, with South and Central America also poised to witness capacity additions in their refining industries.
The European refining industry has been affected by a decline in demand for petroleum products due to the economic downturn, and high operational costs, strict environmental regulations and rising crude prices have furthered hampered growth in the region. In the US, environmental issues have muzzled the industry’s high existing refining capacity. But demand for refined petroleum products has been increasing rapidly in the Middle East and Africa, and in the Asia-Pacific region – home to two of the world’s largest emerging economies: China and India. New refineries are being built in countries like China, India, Indonesia, Malaysia, Brunei Darussalam and Vietnam, and in the Middle East and Africa, countries such as Iran, Iraq, Saudi Arabia, the UAE and Morocco have been building refineries to add to their installed refining capacities.
While high domestic demand for petroleum products drives refinery additions in countries like the UAE and Qatar, major oil exporters like Saudi Arabia, Iran and Iraq are adding refining capacities to increase the monetization of their crude oil resources.
South and Central American countries Brazil, Mexico and Ecuador have also been adding refining capacity.


Scope

  • Provides a view of the global refining industry to 2016
  • Drivers for growth in the Global Refining industry
  • Factors hindering the growth of the refining industry
  • The main countries that would contribute to this growth

Reasons to Buy

  • Develop a sound understanding about the refining industry and its scope till 2016. Emphasis is given on growth opportunities and factors affects the growth of the Global Refining industry