Skip to main content

Nigeria to lead global crude distillation unit capacity growth by 2023

Published by
Hydrocarbon Engineering,


Nigeria is expected to drive new-build crude distillation unit (CDU) capacity growth in the global refinery industry from planned and announced (new-build) projects during the outlook period 2019 to 2023, contributing around 13% of global CDU capacity growth by 2023, according to GlobalData.

The company’s report, ‘H2 2019 Global Capacity and Capital Expenditure Outlook for Refineries – Nigeria Leads Global Refinery CDU Capacity Additions’, reveals that Nigeria is expected to have a new-build refinery CDU capacity of 1.935 million bpd by 2023. Planned projects with identifiable development plans account for 58% of the new-build capacity (1.118 million bpd), while the remaining 817 000 bpd is expected to come from early-stage announced projects.

Dipayan Chakraborty, Oil and Gas Analyst at GlobalData, says: “Nigeria is expected to add 32 new-build refineries during 2019 to 2023. Among these, Lagos I is the largest new-build refinery, which is expected to start operations in 2020 with a capacity of 650 000 bpd.”

Following Nigeria, GlobalData identifies China as the second highest country in terms of global refinery CDU capacity growth, adding a new-build CDU capacity of 1.621 million bpd by 2023. The Jieyang refinery in Guangdong is the largest upcoming refinery in China with new-build CDU capacity of 400 000 bpd by 2023.

Chakraborty concludes: “Iraq stands third with new-build CDU capacity growth of 1.2 million bpd by 2023. The Basra II refinery is the largest upcoming refinery in Iraq with new-build CDU capacity of 300 000 bpd by 2023.”

Read the article online at: https://www.hydrocarbonengineering.com/refining/28082019/nigeria-to-lead-global-crude-distillation-unit-capacity-growth-by-2023/

You might also like

Global Hydrogen Review Spotlight with ROSEN

In this Spotlight interview, our sister publication Global Hydrogen Review talks to Ollie Burkinshaw, Senior Materials Engineer at ROSEN Group, about his article that featured in the Spring issue of Global Hydrogen Review.

 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

Downstream news Oil refinery news


 

Hydrocarbon Engineering is not responsible for the content of external internet sites.