Refiners add 2.7 million b/d of crude refining capacity in 2005

The worldwide refining industry added crude processing capacity in 2005, despite a decrease in the total number of operating refineries. For the fourth year in a row, worldwide capacity is at a record level.Click here to view the Worldwide Refining Survey in pdf. (40 pages)Last year’s refining report showed a worldwide capacity of 82.409 million b/cd in 675 refineries as of Jan. 1, 2005. This year, OGJ’s survey reflects a total capacity of 85.127 million b/cd in 661 refineries, an increase of 2.718 million b/cd.The gain is the largest net addition of refining capacity since the early 1990s. Click here to enlarge imageFig. 1 shows the trend in operable refineries and worldwide...

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