There are 181 announced and planned refineries in the world, which are expected to commence operation during 2024-2030. By region, during 2024-2030, Africa is expected to add highest number of announced and planned refineries at 70, followed by Asia and Middle East with 46 and 30, respectively. 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 20.75mmbd (million barrels per day) of CDU (crude distillation unit) capacity in the world.
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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.
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. Caofeidian V Refinery
Located in Hebei, China, the Caofeidian V is a coking refinery. It is owned by Hebei Xinhua Petrochemical Co Ltd (100%). It is expected to commence operation in 2029 with a CDU capacity of 401mbd. Hebei Xinhua Petrochemical Co Ltd is the operator of the announced refinery. This integrated refinery is currently in the approval stage.
4. Khalifa Refinery
Located in Balochistan, Pakistan, Khalifa is an announced, coking refinery. It is owned by Government of Pakistan (60.00%), Mubadala Investment Co (30.00%) and OMV AG (10.00%). The refinery is expected to commence operation in 2026 with a CDU capacity of 400mbd. It will be operated by PARCO Coastal Refinery Ltd. This integrated refinery is in approval stage. Buy the profile here.
5. Yulong Refinery
Located in Shandong, China, Yulong is a planned, cracking refinery. It is owned by Shandong Yulong Petrochemical Ltd (100%). The refinery is expected to commence operation in 2024 with a CDU capacity of 400mbd. It will be operated by Shandong Yulong Petrochemical Ltd. This integrated refinery is under construction. 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.
