There are 30 announced and planned refineries in Middle East, which are expected to commence operation during 2023-2030. By country, during 2023-2030, 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.
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.
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1. Saudi Arabia Refinery
Saudi Arabia is an announced, upgrader refinery located in Saudi Arabia. It is expected to start operations in 2029. It has a proposed CDU capacity of 600mbd (thousand barrels per day). This non-integrated refinery is under feasibility. 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. 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 is the equity holders in the refinery. Buy the profile here.
4. Basra III Refinery
Located in Al-Basrah, Iraq, Basra III is an announced, coking refinery. It is owned by Eni and Others. The refinery is expected to commence operation in 2025 with a CDU capacity of 300mbd. It will be operated by Eni. This non-integrated refinery is under feasibility. Buy the profile here.
5. Shahid Ghasem Soleimani Refinery
Located in Hormozgan, Iran, the Shahid Ghasem Soleimani is a cracking refinery. It is owned by National Iranian Oil Co. It is expected to commence operation in 2028 with a CDU capacity of 300mbd. National Iranian Oil Engineering and Construction Co is the operator of the upcoming 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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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.
