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EIA: At least 9 new refinery projects to come online before end of 2023 in Asia and Middle East; 2.9 MMb/d

Green Car Congress

AUGUST 3, 2022

In the International Energy Agency’s (IEA) June 2022 Oil Market Report, the IEA expects net global refining capacity to expand by 1.0 The new refinery projects would increase production of refined products, such as gasoline and diesel, and in turn, they might reduce the current high prices for these products. million b/d in 2023.

Asia 418
Asia Saudi Arabia Kuwait Oman 418
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EIA: New refineries will increase global refining capacity in 2022 and 2023; China leads

Green Car Congress

JULY 21, 2022

Associated sanctions on Russia—with more than 5 million b/d in crude oil processing capacity—disrupted exports of Russia’s refined products into the global market, and will likely continue to do so as import bans in the European Union and United Kingdom come into full force. million b/d in 2022 and by an additional 1.6

Global 448
Global China Kuwait Oman 448
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