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EIA: New refineries will increase global refining capacity in 2022 and 2023; China leads

Green Car Congress

JULY 21, 2022

Chinese capacity is scheduled to increase significantly this year because of the start of at least two new refinery projects and a major refinery expansion. The 650,000 b/d Dangote Industries refinery in Lagos, Nigeria, set to be the largest in the country when completed, may come online in late 2022 or 2023.

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Global China Kuwait Oman 448
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Saudis Expand Price War Downstream

Green Car Congress

JULY 28, 2015

“We see refining margins weakening on worsening diesel fundamentals, particularly east of Suez, though gasoline should be supportive. On the other hand, it won’t be easy for Saudi Arabia—Chinese refiners are also producing more gasoline, for which demand is still strong.

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Saudi Arabia Price Oil India 150
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