There are 30 announced and planned refineries in Middle East, which are expected to commence operation during 2024-2030. By country, during 2024-2030, Iraq is expected to add highest number of announced and planned refineries, followed by Oman. GlobalData uses proprietary data and analytics to provide a complete picture of the global oil refinery segment. Buy the latest oil refinery profiles here.
During 2024-2030, these proposed refineries are expected to add 5.4mmbd (million barrels per day) of CDU (crude distillation unit) capacity in Middle East.
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Listed below are the five largest upcoming oil refineries in Middle East by capacity in 2030, according to latest information from GlobalData’s Refinery database.
1. Jask II Refinery
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 (100%). It is presently in the FEED stage. . Buy the profile here.
2. 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.
3. Ras Al-Khair Refinery
Ras Al-Khair is an announced, cracking refinery located in Eastern Province, Saudi Arabia. It is in feasibility stage. The refinery is expected to commence operation in 2025 with a CDU capacity of 400mbd. It is an integrated refinery. It will be operated by Saudi Basic Industries Corp. Saudi Basic Industries Corp (100%) is the equity holders in the refinery. Buy the profile here.
4. Bandar Jask Refinery
Located in Hormozgan, Iran, the Bandar Jask is a Hydroskimming refinery. It is owned by Makran Mofid Energy Development Co (100%). It is expected to commence operation in 2027 with a CDU capacity of 300mbd. Makran Mofid Energy Development Co is the operator of the upcoming refinery. This integrated refinery is currently in the approval stage. Buy the profile here.
5. Basra II Refinery
Located in Al-Basrah, Iraq, Basra III is a planned, cracking refinery. It is owned by South Refineries Co (100%). The refinery is expected to commence operation in 2027 with a CDU capacity of 300mbd. It will be operated by South Refineries Co. This integrated refinery is under construction. Buy the profile here.
For more details on the refineries, buy the profiles here.
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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.
