{"id":5204,"date":"2016-09-23T12:56:55","date_gmt":"2016-09-23T12:56:55","guid":{"rendered":"http:\/\/www.oilnewskenya.com\/?p=5204"},"modified":"2017-01-24T18:22:33","modified_gmt":"2017-01-24T18:22:33","slug":"slow-market-impacts-refining-capacity-expansion-with-reduction-of-3-million-barrels-per-day-by-2020-says-globaldata","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/slow-market-impacts-refining-capacity-expansion-with-reduction-of-3-million-barrels-per-day-by-2020-says-globaldata\/","title":{"rendered":"Slow market impacts refining capacity expansion with reduction of 3 million barrels per day by 2020, says GlobalData"},"content":{"rendered":"<p>Global crude distillation unit (CDU) capacity will grow by 16.7% by 2020 based on planned and announced refineries, according to research and consulting firm GlobalData. Current capacity is 98.9 million barrels per day (mmbd), with planned projects bringing this to 115.2 mmbd. This is down from GlobalData\u2019s previous outlook of 118.2 mmbd, from February 2016.<\/p>\n<p>GlobalData\u2019s\u00a0<a href=\"http:\/\/store.globaldata.com\/market-reports\/oil-~-gas\/h2-2016-global-capacity-and-capital-expenditure-outlook-for-refineries-projects-stalling-slow-momentum-for-new-build-refining?utm_source=email&amp;utm_medium=pr&amp;utm_campaign=160921a_gd_og_pr_global_refineries&amp;utm_nooveride=1\">report<\/a>\u00a0states that China and Nigeria have the most planned CDU capacity for the next four years. According to the latest announcements, refining operators in these two countries will spend an estimated US$84 billion; and their combined CDU capacity would increase by 3.16 mmbd should all projects be realized.<\/p>\n<p>As a region, Asia has the most planned refinery capital expenditure up to 2020. Companies in 14 Asian countries are set to spend an aggregate amount of US$144.9 billion on refinery projects. Total planned CDU capacity of 4.47 mmbd would be added, based on current construction announcements.<\/p>\n<p>Ben Xu, GlobalData\u2019s Analyst covering Oil &amp; Gas, explains: \u201cAsian refinery capacity continues to expand in order to satisfy the region\u2019s incremental oil demand. For the first time ever, the Chinese government is allowing private investors to participate in a mega-refinery project near Shanghai. This is a continuation of the market liberalization in China, and a new approach in funding Chinese energy projects.\u201d<\/p>\n<p>After Asia, Africa is second in terms of spending, with planned investment of US$105.4 billion to increase CDU capacity by 3.4 mmbd by 2020. In the Middle East, eight countries have a total of 3.7 mmbd planned during the forecast period, with associated capital spend totaling US$80.2 billion. In the former Soviet Union, US$36.5 billion is planned to be spent over the next four years to increase the region\u2019s CDU capacity by 918 thousand barrels per day (mbd).<\/p>\n<p>Xu continues: \u201cIn September 2016, the President of Russia, Vladimir Putin, and the President of China, Xi Jinping, signed an agreement to progress the FEPCO Nakhodka project in Eastern Russia. The refinery expands Russian\u2019s aim to strategically position itself to satisfy the next billion new middle class consumers in Asia.\u201d<\/p>\n<p>In terms of the announced capital expenditure, Nakhodka, Okporoma, Shanghai II and Pengerang are the top planned refineries in the world for the 2016 to 2020 period. In terms of capacity, Merapoh, Lagos I and Al-Zour will be the top three planned refineries during the forecast period, according to GlobalData.<\/p>\n<p>Some of the major refineries that have been canceled recently include Washington and South Dakota (both in the US), and Moheshkhali (Bangladesh). Collectively, these canceled refineries accounted for around 700 mbd.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global crude distillation unit (CDU) capacity will grow by 16.7% by 2020 based on planned and announced refineries, according to research and consulting firm GlobalData. Current capacity is 98.9 million &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/slow-market-impacts-refining-capacity-expansion-with-reduction-of-3-million-barrels-per-day-by-2020-says-globaldata\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":5024,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[11],"tags":[63,190,454,5236,5246,5237,5244,5238,1749,5239,5241,4016,2206,5240,5243,2688,5242,5245],"class_list":["post-5204","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-africa","tag-asia","tag-china","tag-crude-distillation-unit","tag-fepco-nakhodka","tag-globaldata","tag-moheshkhali","tag-nakhodka","tag-nigeria","tag-okporoma","tag-pengerang","tag-refineries","tag-russia","tag-shanghai-ii","tag-south-dakota","tag-vladimir-putin","tag-washington","tag-xi-jinping","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/08\/chad-refinery-museveni.jpg?fit=960%2C642&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-1lW","jetpack-related-posts":[{"id":9553,"url":"https:\/\/www.oilnewskenya.com\/index.php\/nigeria-to-spearhead-africa-refinery-capacity-additions-by-2024\/","url_meta":{"origin":5204,"position":0},"title":"Nigeria to Spearhead Africa Refinery Capacity Additions by 2024","author":"","date":"December 14, 2020","format":false,"excerpt":"Nigeria is expected to drive the refinery capacity growth in Africa by 2024, contributing around 71% of the region's total growth. Nigeria is likely to add 1.5 million barrels per day (mmbd) of refinery capacity by 2024, says GlobalData, a leading data and analytics company. GlobalData's report, 'Refining Industry Outlook\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/09\/Refinery-793x525-1.png?fit=793%2C525&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/09\/Refinery-793x525-1.png?fit=793%2C525&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/09\/Refinery-793x525-1.png?fit=793%2C525&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/09\/Refinery-793x525-1.png?fit=793%2C525&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":10570,"url":"https:\/\/www.oilnewskenya.com\/index.php\/africa-leads-global-refinery-vdu-capacity-additions-by-2025-globaldata\/","url_meta":{"origin":5204,"position":1},"title":"Africa leads global refinery VDU capacity additions by 2025 &#8211; GlobalData","author":"","date":"July 5, 2021","format":false,"excerpt":"Africa is expected to register the highest refinery vacuum distillation units (VDU) capacity additions globally during 2021 to 2025, contributing around 33% of the total capacity additions by 2025, says GlobalData, a leading data, and analytics company. The company's report, 'Global Refinery Vacuum Distillation Units (VDU) Outlook to 2025 \u2013\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/07\/Refinery-793x525-1.png?fit=793%2C525&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/07\/Refinery-793x525-1.png?fit=793%2C525&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/07\/Refinery-793x525-1.png?fit=793%2C525&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/07\/Refinery-793x525-1.png?fit=793%2C525&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":11285,"url":"https:\/\/www.oilnewskenya.com\/index.php\/nigeria-gas-fired-thermal-generation-continues-to-dominate-power-mix-globaldata\/","url_meta":{"origin":5204,"position":2},"title":"NIGERIA: Gas-fired Thermal Generation Continues to Dominate Power Mix &#8211; GlobalData","author":"","date":"December 3, 2021","format":false,"excerpt":"Thermal power will continue to make up the majority of Nigeria\u2019s power mix in the next decade, rising from an 82.9% share in 2020 to 84.1% by 2030, according to GlobalData. The leading data and analytics company notes that the country\u2019s reliance on thermal power has meant renewable energy has\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Nigeria-gas-fired-power.jpg?fit=800%2C500&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Nigeria-gas-fired-power.jpg?fit=800%2C500&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Nigeria-gas-fired-power.jpg?fit=800%2C500&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Nigeria-gas-fired-power.jpg?fit=800%2C500&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":11409,"url":"https:\/\/www.oilnewskenya.com\/index.php\/oil-demand-back-to-pre-covid-19-levels-outside-aviation-globaldata\/","url_meta":{"origin":5204,"position":3},"title":"Oil Demand Back to Pre-COVID-19 Levels Outside Aviation -GlobalData","author":"","date":"December 16, 2021","format":false,"excerpt":"Global demand for oil products has seen strong recovery this year, however, depressed kerosene demand from the aviation sector is a major barrier to full recovery, says GlobalData, a leading data and analytics company. GlobalData\u2019s analysis of oil product flows suggests that when kerosene is excluded, oil product demand in\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/02\/EY-Oil-Check.jpg?fit=927%2C617&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/02\/EY-Oil-Check.jpg?fit=927%2C617&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/02\/EY-Oil-Check.jpg?fit=927%2C617&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/02\/EY-Oil-Check.jpg?fit=927%2C617&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":5383,"url":"https:\/\/www.oilnewskenya.com\/index.php\/trump-win-brings-potential-for-significant-oil-and-gas-policy-effects-says-globaldata\/","url_meta":{"origin":5204,"position":4},"title":"Trump win brings potential for significant oil and gas policy effects, says GlobalData","author":"","date":"November 10, 2016","format":false,"excerpt":"Will Scargill, GlobalData's Senior Oil & Gas Analyst covering Upstream Fiscal & Regulatory Regimes says: \u201cDonald Trump\u2019s election as the 45th President of the United States may have significant effects for the global oil and gas industry. The policy platform laid out during the campaign on both domestic issues and\u2026","rel":"","context":"In &quot;Oil Politics&quot;","block_context":{"text":"Oil Politics","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/oil-politics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/11\/donald_trump_flag.jpg?fit=620%2C412&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/11\/donald_trump_flag.jpg?fit=620%2C412&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/11\/donald_trump_flag.jpg?fit=620%2C412&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":7661,"url":"https:\/\/www.oilnewskenya.com\/index.php\/technological-advancements-are-enabling-companies-to-deploy-digital-oilfields-in-exploration-and-production-operations-globaldata\/","url_meta":{"origin":5204,"position":5},"title":"Technological advancements are enabling companies to deploy digital oilfields in exploration and production operations &#8211; GlobalData","author":"","date":"April 23, 2019","format":false,"excerpt":"Over the last 15 years, the adoption of digital oilfields has gained impetus due to advancements in technologies for sensing, automation, connectivity and data analytics, according to GlobalData, a leading data and analytics company. Digital oilfield is a concept that combines business process management with digital technologies to automate workflows\u2026","rel":"","context":"In &quot;Top News&quot;","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/04\/WellDecc.png?fit=701%2C448&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/04\/WellDecc.png?fit=701%2C448&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/04\/WellDecc.png?fit=701%2C448&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2019\/04\/WellDecc.png?fit=701%2C448&ssl=1&resize=700%2C400 2x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/5204","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=5204"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/5204\/revisions"}],"predecessor-version":[{"id":5205,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/5204\/revisions\/5205"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/5024"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=5204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=5204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=5204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}