Worldwide refining capacity growth rises again in 2008

12/22/2008
In 2008, growth in crude distillation capacity continued to build on momentum of past years; refiners added more capacity than the past 2 years, according to the latest OGJ Refinery Survey. For the seventh year running, worldwide capacity is at a record level.Last year’s refinery survey listed a global capacity of 85.309 million b/cd in 657 refineries as of Jan. 1, 2008. This year’s OGJ survey shows a total capacity of 85.603 million b/cd in 655 refineries, an increase of nearly 300,000 b/cd.This year’s capacity growth is greater than the growth in 2007 and 2006 of 130,000 b/cd and 52,000 b/cd, respectively. The number of refineries, on the other hand, has been on a stea...
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