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May 24, 2022

Iran led Middle East’s refinery condensate splitter units capacity

By 2026, two new refinery condensate splitter units are expected to commence operations in the Middle East.

By GlobalData Energy

GlobalData’s latest report, ‘Global Refinery Condensate Splitter Outlook to 2026 – Capacity and Capital Expenditure Outlook with Details of All Operating and Planned Condensate Splitter Units’, says that the Middle East refinery condensate splitter unit capacity increased from 1,169 thousand barrels of oil per day (mbd) in 2016 to 1,748mbd in 2021, at an Average Annual Growth Rate (AAGR) of 8.0%. It is expected to increase from 1,748mbd in 2021 to 2,228mbd in 2026, at an AAGR of 4.9%.

United Arab Emirates, Iran, Qatar and Saudi Arabia are the only countries in the Middle East that accounted for total condensate splitter unit capacity in 2021.

The United Arab Emirates had the highest refinery condensate splitter unit capacity in 2021, with 650mbd. Other key countries in terms of refinery condensate splitter unit capacity were Iran, Qatar and Saudi Arabia, with 510mbd, 363mbd and 225mbd, respectively. Iran witnessed the highest capacity growth during 2016 to 2021, with an AAGR of 80.5%, among the countries, followed by the United Arab Emirates with 2.4%.

Middle East refinery capacity

In the Middle East, four countries had active refineries, with a total refinery condensate splitter unit capacity of 1,748mbd, in 2021. Bandar Abbas II, Ruwais, Ras Tanura, Jebel Ali and Laffan I were some of the largest active refineries in terms of condensate splitter unit capacity in 2021.

By 2026, two new refinery condensate splitter units are expected to commence operations in the Middle East. Siraf, Iran, and Bandar Abbas III, Iran, are the refineries with upcoming condensate splitter projects in the Middle East during the 2022 to 2026 outlook period.

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