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New refining capacity totaling 13 million b/d seen by 2012
11/12/2007
Wood Mackenzie Ltd., Edinburgh, expects 13 million b/d of crude distillation capacity to be built within the next 5 years out of the 20 million b/d proposed worldwide.Lindsay Sword, who managed WoodMac’s study entitled Global Refinery View, told reporters Oct. 25 that most of the capacity would be built in the Asia-Pacific area. “The grassroots projects are in China and India. China is growing capacity to meet demand, but India has expressed an aspiration to become the largest exporter in the region.”The Middle East is the second major growth region, with most of the projects proposed in Iran.“The grassroots project in Kuwait is likely to start in 2013,” Swor...
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