There are 190 announced and planned refineries in the world, which are expected to commence operation during 2023-2030. By region, during 2023-2030, Africa is expected to add highest number of announced and planned refineries, followed by Asia and Middle East. GlobalData uses proprietary data and analytics to provide a complete picture of the global oil refinery segment. Buy the latest oil refinery profiles here.
Listed below are the five largest upcoming oil refineries in the world by capacity in 2030, according to latest information from GlobalData’s Refinery database.
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1. Lagos I Refinery
Lagos I is a planned, cracking refinery located in Lagos, Nigeria. It is expected to start operations in 2023. It has a proposed CDU capacity of 650mbd (thousand barrels per day). This integrated refinery is under construction. It will be operated by Dangote Oil Refinery. Dangote Industries, and NNPC are the equity holders in the refinery. Buy the profile here.
2. Jask II Refinery
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Located in Hormozgan, Iran, Jask II is a cracking refinery. It is expected to start operation in 2028. The proposed CDU capacity of this refinery is 600mbd. Petro Tejarat Shahin Co will operate this announced refinery. This integrated refinery is owned by Petro Tejarat Shahin Co. It is presently in the FEED stage. Buy the profile here.
3. Saudi Arabia Refinery
Saudi Arabia is an announced, upgrader refinery located in Saudi Arabia. It is in feasibility stage. The refinery is expected to commence operation in 2029 with a CDU capacity of 600mbd. It is a non-integrated refinery. Buy the profile here.
4. Hambantota III Refinery
Located in Southern Province, Sri Lanka, Hambantota III is an announced, coking refinery. It is owned by Sugih Energy International. The refinery is expected to commence operation in 2027 with a CDU capacity of 420mbd. It will be operated by Hambantota Oil Refinery. This non-integrated refinery is under approval. Buy the profile here.
5. Caofeidian V Refinery
Located in Hebei, China, the Caofeidian V is a coking refinery. It is owned by Hebei Xinhua Petrochemical Co. It is expected to commence operation in 2029 with a CDU capacity of 401mbd. Hebei Xinhua Petrochemical Co is the operator of the announced refinery. This integrated refinery is currently in the approval stage. Buy the profile here.
For more details on the refineries, buy the profiles here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
