GlobalData’s latest report, ‘Refining Industry Outlook in the Middle East to 2024 – Capacity and Capital Expenditure Outlook with Details of All Operating and Planned Refineries’, says that the total refining capacity of the Middle East in 2019 was 11,367 thousand barrels of oil per day (mbd) and accounted for 10.8% of the total global refining capacity.

The refining capacity in the Middle East increased from 9,586 mbd in 2014 to 11,367 mbd in 2019 at an average annual growth rate (AAGR) of 4%. Saudi Arabia, Iran, United Arab Emirates (UAE), Iraq, and Kuwait are the key countries in the region, which accounted for 76.5% of the total refining capacity of the region in 2019.

Refining Industry, Middle East, Refining Capacity Market Share Vis-à-vis Growth by Key Countries, 2014–2019

The largest active refineries of the Middle East are Ruwais (United Arab Emirates), Ras Tanura (Saudi Arabia), Mina Al-Ahmadi (Kuwait), Bandar Abbas II (Saudi Arabia), and Rabigh (Saudi Arabia) with capacities of 837 mbd, 550 mbd, 466 mbd, 420 mbd, and 400 mbd respectively.

As for the growth of key refinery units, catalytic cracker unit capacity in the Middle East is expected to increase from 944 mbd in 2019 to 1,074 mbd in 2024 at an AAGR of 2.6%. Saudi Arabia, Iran, UAE, Oman, and Israel are the major countries, which accounted for approximately 85% of the total catalytic cracker unit capacity of the region in 2019.

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Hydrocracking unit capacity in the Middle East is expected to increase from 1,345 mbd in 2019 to 1,669 mbd in 2024 at an AAGR of 4.3%. Saudi Arabia, Bahrain, Kuwait, Iran, and Turkey are the major countries, which accounted for over 75.8% of the total hydrocracking unit capacity of the region in 2019.