Worldwide refining capacity declines slightly in 2001

12/24/2001
The worldwide refining industry experienced a significant merger and a major acquisition in 2001, yet failed to add any substantial capacity.In fact, worldwide refining capacity experienced a slight decrease in 2001. Over the past 3 years, capacity has been essentially flat.Last year's refining report showed a worldwide capacity of 81.3 million b/cd as of Jan. 1, 2002. This year, OGJ's survey reflects a total capacity of 81.2 million b/cd, or a decline of only 85,000 b/cd.Increases and decreases in distillation capacity, as well as a slight modification in OGJ's reporting methodology, cancelled out each other.The South America region contributed to the largest regional decreas...
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