Opec Data Charts Saudi Refining Surge, But Plans Are Slipping

Opec’s eight Mena members added 6.7% to their combined crude distillation unit (CDU) capacity in 2014, according to the organization’s Annual Statistic Bulletin 2015. Most held capacity steady, with only Saudi Arabia, Iraq and Iran boosting throughput potential.

Mena Opec capacity additions amounted to 536,000 b/d, compared with 572,000 b/d, or a 5.4% increase for Opec as a whole (see table, p11). Opec says global refining capacity increased by 0.9mn b/d in 2014, with gains in the Middle East and Asia Pacific in particular being partly offset by losses in Western Europe.

CDU capacity in Mena Opec countries amounted to 8.54mn b/d at the end of 2014, an increase of 1.04mn b/d or 13.9% over the past five years. Planned new refineries, expansions and condensate splitters would add a further 2.49mn b/d by the end of 2020.


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