Feedstock availability drives Refining industry in Middle East

Published on : Oct 14, 2019

Refining industry outlook in Middle East to 2023 gives account of all the active and planned refineries in Middle East and the in-depth coverage of expected expansion by 2023. Energy commodities and energy sources perform a vital role in international trade owing to uneven distribution of energy resources.

Factors including availability of new resources such as shales, large build up in capacity and production from export oriented integration projects positively influence the refining industry. Investments in energy trade are largely concentrated between Asia and Middle East. Rapid change in global energy industry has introduced concept of energy cooperation between suppliers and demand centers to stay unperturbed by uncertainties such as changing demand patterns and trade conflicts.

Location advantage

An intelligence report titled, “Refining Industry Outlook in Middle East to 2023 – capacity and Capital Expenditure outlook with details of All Operating and Planned Refineries” is the source of all the stated insights. This report is the latest addition to Market Research Hub’s ever growing repository

Middle East refining industry has witness continuous growth for its ample feedstock availability. Middle East gains advantage of its location which is adjacent to major export markets that include Africa, Europe and Asia pacific. Saudi Arabia leads in oil production market and owns largest oil refiner in Middle East. Projects including expansion of SASREF refinery and Ras Tanura refineries are is in progress and are aimed at making Saudi Arabia a global leader.

Kuwait improves motor fuels quality

Refining development projects such as Anahita Oil Refinery have been announced in Iran. UAE has enhanced its oil refining capacity and has emerged as a leader in refining industries ecosystem in Middle East. Kuwait has launched projects to improve motor fuels quality produced in its refineries.

Refining industry is facing challenges such as continuous price volatility of crude oil, slow demand growth of petroleum products and regulatory concerns about environment. Sustainability has become a trend prompting innovative business models in refinery industry such as 6MW solar power plant introduction by Mangalore refinery and petrochemical Limited.

Refining industry outlook in Middle East to 2023: Report Synopsis

Quantitative and qualitative assessment exhort intelligence and overarching report on the Refining industry outlook in Middle East to 2023. Further, the report thoroughly delineates various aspects of the market that will potentially have considerable influence on the development of the Refining industry outlook in Middle East to 2023. As such, those aspects incorporate drivers, trends, restraints, and opportunities. Furthermore, the report elucidates segregation of the market that provides an exhaustive analysis on refining industry outlook in Middle East to 2023.

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Refining industry outlook in Middle East to 2023: Research Methodology

Primary sources and secondary sources propel intelligence report on Refining industry outlook in Middle East to 2023 that provide deep dive analysis on the market. As such, the report provides reliable and unbiased projections, and assessments which have palpable impact on the market size and historical data. Besides, the report also counts on primary sources which hinges upon in-depth and intelligent analysis from well-grounded and reliable experts, telephonic interview, and a thorough assessment from surveys and seasoned analyst.

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