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Asia faces refinery glut as projects mount up
Publication year - 2006
Publication title -
oil and energy trends
Language(s) - English
Resource type - Journals
eISSN - 1744-7992
pISSN - 0950-1045
DOI - 10.1111/j.1744-7992.2006.311213.x
Subject(s) - indus , refinery , china , business , geography , engineering , geology , waste management , paleontology , archaeology , structural basin
A plethora of proposals to build new crude distillation units in Asia threatens to produce a large capacity surplus by the end of the decade. Almost 6 mn bpd of new capacity is currently under consideration, much of it in the rapidly growing markets of China and India ( see Table C). C Asia: Proposed New RefineriesCountry Company Refinery Capacity On‐stream *(th bpd)China CNOOC Huizhou 240 2008 PetroChina Dushanzi 200 2010Qinzhou 200 2010 PetroChina/KPI Quanzhou 300 N/A Sinochem Zhoushan 240 2015 Sinopec Canton (expansion) 106 2006Fujian (expansion) 160 2008Hainan 160 2006Maoming (expansion) 90 2007Tianjin (expansion) 176 2008 Sinopec/Saudi Aramco Qingdao 200 2008 Sinopec/Saudi Aramco/ExxonMobil Fujian (expansion) 160 2008 India HPCL/BP Bhatinda 180 2009 IOC Paradip 250 2011 Reliance Jamnagar 600 2008 Essar Vadinar 210 2006†Vadinar (expansion) 30 2007Vadinar (expansion) 40 2008 Indonesia Pertamina Balongan (expansion) 125 N/A Pertamina/NIOC/PDVSA Eastern Java 300 2009 Pertamina/Saudi Aramco Tuban 250‐400 N/A Mongolia CSEIC/BJ Zuunbayan 20 2008 Pakistan Bosicor Baluchistan 120 2009 Indus Karachi 93 2008 Parco/IPIC Khalifah Point 200‐300 2011 Petroleum Ministry/Noor Port Qasim 200 N/A Philippines Petron/Saudi Aramco Mindanao N/A N/A Singapore Concord Jurong (Cond) 75 2008 South Korea S‐Oil Seosan 480 2010 Sri Lanka CPC Colombo 100 N/A Vietnam PetroVietnam Dung Quat 130 2010 PetroVietnam Nghi Son 150 2008 Technostar Phu Yen 60 2008Total5,645‐5,895N/A = Not available / to be decided
Cond = Condensate splitter
† Commissioned November, 2006
* Dates approximate
Source: 'The Month in Brief' (various); GER ; Oil trade press