Register in seconds and access exclusive features. In summary, our 550+ page report provides you with the following knowledge: Revenue forecasts to 2032 for Oil Refinery Market, 2022 to 2032 Market, with forecasts for each forecasted at a global and regional level discover the industrys prospects, finding the most lucrative places for investments and revenues Revenue forecasts to 2032 for 4 regional and 20 key national markets See forecasts for the Oil Refinery Market, 2022 to 2032 market in North America, Europe, Asia-Pacific and LAMEA. Pipelines are the primary method of transporting crude oil around the world, delivering oil and its derivative products swiftly to refineries and empowering reliant businesses. Together they have a total refining capacity of nearly 2 million barrels of oil a day. upgraded into a light/sweet synthetic crude (SCO), sell at a premium to WTI for a number of reasons. Sunoco Inc. 6,409 miles. And North America is a major oil hub. . See full list of refineries. Along with these infrastructure improvements, pipeline developers and operators emphasize the lack of better alternatives, as freight and seaborne transportation are both far less efficient and result in more carbon emissions. In May 2022, Finance Canada announced a Can$10 billion loan guarantee from the federal government, intended to attract private financing for the remaining construction costs, despite promising no further public funding for the project in February of this year. The country contains approximately 18% of global proven petroleum reserves and is the world's largest exporter of petroleum. Currently, pipelines remain key components of energy consumption across the U.S. and Canada, and as global energy markets face supply squeezes, international sanctions, and geopolitical turbulence, the focus on them has grown. If President Joe Biden came out forcefully on . Propane, butane, petrochemical feedstock, gasolines (naphtha specialities, aviation gasoline, motor gasoline), distillates (jet fuels, diesel, stove oil, kerosene, furnace oil), heavy fuel oil, lubricating oils, waxes, asphalt, and still gas are just a few of the goods that refineries create. In a recent interview with Fox Business, American Petroleum Institute President Mike Sommers stated that 11 US gas refineries closed over the past two years. With each subsequent module costing approximately 60 per cent of the initial piece, the projected cost at build out is more than $30 billion. WEEKLY NEWSLETTER SIGN-UPSign up for our weekly newsletter site updates, oil prices and whats moving oil markets, delivered to your inbox every weekend (see archive): Get access to our entire database of commodity prices, energy statistics and oil sands data. I think we can all agree our common reaction to that idea is a quick thanks, but no thanks!. Its output increased by 266,000 bpd from its 2020 level to reach 18,875,000. Many refineries had no option but to idle, he said. +971 48819803. The end-of-year 2020 total is 0.8 million b/cd less than the 19.0 . The global oil and gas market size is estimated to reach $5,870.13 billion in 2021. The complex is located in Jamnagar, Gujarat, India. Revenue: CA$338.025 billion. In 2014, U.S. pipelines transported almost all of the natural . Distillate fuels account for 40% of product demand in the Atlantic provinces, where furnace oil (light heating oil) is the predominant source of home heating, and heavy fuel oil (used to generate power) accounts for another 24%. The Irving refinery is unique compared with other refineries because it is a family-owned operation with no crude oil production, and a refining and marketing arm. Heavy oil is a preferred feedstock for many U.S. Midwest and Gulf Coast refiners who have invested billions of dollars over the past several years to process additional volumes of heavy crudes. The EIA expects U.S. oil production to rise to 11.91 million barrels. The growing global push towards electric vehicles (EVs) has been a major contributor to the increase in demand for lithium and nickel, which was the second-best performing commodity in 2022 with a price increase of 43.1%. lower-quality crude comes from Canada, Venezuela and Russia, among other spots. updated: jan 10, 2023: site map: projects / refineries : notes: 1 asphalt refinery (formerly owned by husky energy) 2 lubricants plant 3 purchased from chevron in q3/2017 4 excludes clarkson lubes refinery 5 purchased from husky in nov 2019 6 heavy oil splitter, producing specialty market refined products 7 regulated as upgrader. Analysts at Wood Mackenzie, an energy consultancy, estimate that 3 million barrels a day of. But domestic energy production is once again in the spotlight due to the U.S. ban on Russian oil imports and Russias impending export ban on raw materials. In 2021, production increased to 69.6 thousand cubic metres (103 m3/d), or 437.7 thousand barrels per day (103 bbl/d), in response to higher oil prices. Oil Refineries There are 17 refineries in Canada, and 5 are in Alberta. Canada is home to 15 refineries, all of which are operated by Canadian Fuels members and represent the country's refining capacity. The Irving refinery is unique compared with other refineries because it is a family-owned operation with no crude oil production, and a refining and marketing arm. 2. And how can you ensure you are at the forefront of the market? Refineries are commonly found near major bodies of water, major cities, or areas where crude oil is produced. Global Oil Refinery Market (COVID Impact Analysis) by Investment CAPEX OPEX Global Oil Refinery Market (COVID Impact Analysis) by Processing Unit Crude Oil Distillation Unit (CDU) Vacuum Distillation Unit (VDU) Diesel Hydrotreating Unit (DHT) Semi-regenerative Reforming (SRR) Fluid Catalytic Cracking Unit (FCC) Sulfur Recovery Unit (SRU) Global Oil Refinery Market (COVID Impact Analysis) by Type Topping Oil Refinery Hydro-skimming Oil Refinery Conversion Oil Refineries Deep Conversion Refineries In addition to the revenue predictions for the overall world market and segments, you will also find revenue forecasts for 4 regional and 20 leading national markets: North America Oil Refinery Market, 2022 to 2032 Market Outlook U.S. Oil Refinery Market, 2022 to 2032 Market Forecast & COVID Impact Analysis Canada Oil Refinery Market, 2022 to 2032 Market Forecast & COVID Impact Analysis Mexico Oil Refinery Market, 2022 to 2032 Market Forecast & COVID Impact Analysis Europe Oil Refinery Market, 2022 to 2032 Market Outlook Russia Oil Refinery Market, 2022 to 2032 Market Forecast & COVID Impact Analysis Norway Oil Refinery Market, 2022 to 2032 Market Forecast & COVID Impact Analysis United Kingdom Oil Refinery Market, 2022 to 2032 Market Forecast & COVID Impact Analysis Demark Oil Refinery Market, 2022 to 2032 Market Forecast & COVID Impact Analysis Italy Oil Refinery Market, 2022 to 2032 Market Forecast & COVID Impact Analysis Rest of Europe Market Forecast & COVID Impact Analysis Asia Pacific Oil Refinery Market, 2022 to 2032 Market Outlook China Oil Refinery Market, 2022 to 2032 Market Forecast & COVID Impact Analysis Indonesia Oil Refinery Market, 2022 to 2032 Market Forecast & COVID Impact Analysis India Oil Refinery Market, 2022 to 2032 Market Forecast & COVID Impact Analysis Australia Oil Refinery Market, 2022 to 2032 Market Forecast & COVID Impact Analysis Malaysia Oil Refinery Market, 2022 to 2032 Market Forecast & COVID Impact Analysis Rest of Asia Pacific Market Forecast & COVID Impact Analysis LAMEA Oil Refinery Market, 2022 to 2032 Market Outlook Brazil Oil Refinery Market, 2022 to 2032 Market Forecast & COVID Impact Analysis Iran Oil Refinery Market, 2022 to 2032 Market Forecast & COVID Impact Analysis Saudi Arabia Oil Refinery Market, 2022 to 2032 Market Forecast & COVID Impact Analysis South Africa Oil Refinery Market, 2022 to 2032 Market Forecast & COVID Impact Analysis Iraq Oil Refinery Market, 2022 to 2032 Market Forecast & COVID Impact Analysis Rest of Latin America, Middle East and Africa The report also includes profiles and for some of the leading companies in the Oil Refinery Market, 2022 to 2032, with a focus on this segment of these companies operations. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. North American consumers are now facing surging gasoline and energy prices as foreign oil is proving to be far less reliable in times of geopolitical turmoil. According to the Canadian International Merchandise Trade Database, Canada imported approximately $11.5 billion of crude oil in 2020, down from $18.9 billion in 2019 and $19.2 billion in 2018. Together they have a total refining capacity of nearly 2 million barrels of oil a day. 30:13. The province spent more than $520 million on U.S. crude oil imports in 2019. 3. produces diesel and refinery input streams Then demand for oil dropped by 20 million bpd in the month of April or about 20% of the total, he added. The U.S. and Canada alone are home to more than 90,000 miles of crude oil and petroleum product pipelines, along with more than 140 refineries that can process around 20 million barrels of oil every day. For starters, these facilities refine oil into several components which are then used by various industries to create the products we rely on and use every day. This map shows oil refinery operations in red and allow users to report health issues directly on the map colored in blue. Available: https://www.statista.com/statistics/265278/oil-refinery-capacity-in-canada/, Oil refinery capacity in Canada from 2004 to 2021, Available to download in PNG, PDF, XLS format, Global oil reserves in selected countries 1990-2020, Oil and gas wells drilled in Canada 2021, by region, Oil and gas wells drilled in Western Canada 1947-2021, Drilling rigs' utilization rate in Canada 1977-2021, Crude oil production in Canada 2020, by region, Crude oil production in Canada 1971-2019, by type, Oil sands production in Canada 1967- 2021, Oil refinery capacity in Canada 2004-2021, Crude oil exports from Canada 2021, by destination, Oil industry capital investments in Canada 2020, by region, Oil sands' capital investments in Canada 1958-2020, Oil sands sales value in Canada 1986-2020, Conventional oil & gas' GDP contribution in Canada 2016-2021, Oil sands' GDP contribution in Canada 2016-2021, Suncor Energy's operating revenue 2009-2021, Capacity of oil refineries in Canada by region 2019, Oil refinery capacity in France 1998-2021, Oil refinery capacity in North America 2009-2021, Western Canadian crude oil refining capacity by refinery 2018, South Africa's crude oil refinery capacity by location 2017, Oil refinery capacity in Germany 1970-2021, Refinery capacity addition of petroleum in India 2008-2021, Refinery capacity of crude oil in India FY 2012-2022, Crude oil and process oils stock in the United Kingdom (UK) 2011-2018, Crude oil stock in offshore fields in the United Kingdom (UK) 2011-2018, Oil refinery capacity in Czechia 2005-2021, Petroleum net imports from OPEC countries as share of total net imports, Petrochemical production volume in India FY 2015-2018, Oil refinery capacity in Europe and CIS 2004-2021, Production volume of lube base oil in Indonesia 2007-2018, Oil refinery capacity in Canada from 2004 to 2021 (in 1,000 barrels per day), Find your information in our database containing over 20,000 reports, Canada exported 4.67 million barrels of oil per day. Gibson Oil & Refining, Bakersfield Refinery (Closed) 1978: Gibson Oil & Refining: 1978-July 1987: . Top 50 Oil and Gas. The newest refinery in the United States is the Targa Resources Corporation's 35,000 barrels per calendar day (b/cd) condensate splitter in Channelview, Texas, which began operating in 2019. Canada Canada's 2.06Mbd refinery capacity in 2012 makes it the tenth biggest refiner in the world. Alberta is over 66 million hectares in size. torrent young xxx. "Oil Refinery Capacity in Canada from 2004 to 2021 (in 1,000 Barrels per Day). Governments would have less revenues to spend on healthcare, education and social programs (to name just a few examples). How many oil refineries are shut down in the US? If you liked this article, we invite you to join us and hundreds of thousands of fellow Canadians on Twitter, Instagram and Facebook to learn more about the positive influence natural resources have on our daily lives and how we should be a global supplier of choice for oil, natural gas, minerals, metals, forest products, agricultural products, petroleum products and everything in between. Led multi-discipline . Canada is home to 18 refineries: 5 in Alberta, 5 in Ontario, 2 in British Columbia, 2 in Saskatchewan, 2 in Quebec, 1 in New Brunswick, and 1 in Newfoundland and Labrador. What are the key prospects for moving companies into a new growth path? And North America is a major oil hub. Also in Oil and petroleum products explained (North Atlantic Refining), 105,000 bpd Refining is the crucial intermediate step between crude oil and refined products. 2020 by the numbers Alberta oil producers exit COVID-19 pandemic little scathed, Alberta adds refining capacity, as Newfoundland awaits fate of NARL, Suncor shelves Montreal coker project, in lieu of more barrels at Firebag, Alberta says yes to plastics, but no thanks to partial upgrading and oil refining, Imperial books a profit on its refining business, as upstream operations struggle to break-even, From upgrader to refinery to partial-upgrader: Value Creation hopes to revive Heartland Complex, Husky looks to sell BC refinery and exit the retail business, Alberta's NDP government takes another stab at boosting refining capacity, Discounts on Canadian crude finally start to narrow as Midwest refineries re-open for business, China offers support for new Edmonton refinery, Expanding Bruderheim and adding refining capacity - Cenovus hints at future growth plans, Husky purchases additional Midwest refining capacity and defers Canadian expansion, Chevron finds buyer for BC refinery and fuel distribution, A look at Canada's refining capacity and how we compare to the rest of the world, Vancouver's only refinery goes up for sale, Why Vancouver desperately needs a new oil refinery, Independent refiners benefit from low oil prices, 2019 CAPP CRUDE OIL FORECAST, MARKETS & TRANSPORTATION. You need at least a Starter Account to use this feature. Enbridge is the largest oil and gas company based in Canada. As of January 1, 2021, there were 129 operable petroleum refineries in the United States. According to AAA, the average U.S. retail gasoline price is currently around $4.75 per gallon. It is currently transporting 200,000 barrels a day, with a little excess capacity to spare.