Upcoming Capacity Additions Expected to Pay Off for Regional Demand
Following the trend of refinery closures and feedstock conversions over the last couple of years, some projects from around the world are approaching startup after years of development. Despite the new focus on renewable fuel development projects spreading across Europe and North America, other areas are relying upon upcoming traditional refinery production to meet rising demand.
One such continent looking for significant new supply coming online is Africa, where the privately owned Dangote refinery in Nigeria is hoping to start operations by mid-year with an eventual peak of 650,000 bpd. However, the project has been delayed numerous times but it is expected to be nearing completion. Subscribers can click here to access the project as it updates.
Elsewhere in Africa, the Port Harcourt rehabilitation project due later this year leads a list of rehabilitation projects around existing NNPC refineries in Nigeria, where the country is hoping to reduce its reliance on importing refined products.
Over in the Middle East, Kuwait is awaiting the completion of the 615,000 bpd Al Zour refinery with its third train expected online by the end of 2023 with full capacity expected in 2024. Also anticipated in the region are the upcoming 400,000 bpd Jazan refinery in Saudi Arabia and the 230,000 bpd Duqm refinery in Oman. GEI is continuing to track these and other projects, and subscribers can log in here for quick access to them.
With these new refineries and others around the globe coming online, they are being counted on to help meet rising demand and to fill the gap of production felt by the round of refinery closures seen around the world in the last few years due to a number of reasons, such as older, inefficient plants and even moribund sites in some cases.
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