Global Top Five High Growth Oil Refining Markets: Analysis of Capacity, Demand, Supply, Margin and Competitive Scenario

Global Top Five High Growth Oil Refining Markets: Analysis of Capacity, Demand, Supply, Margin and Competitive Scenario

Global Top Five High Growth Oil Refining Markets: Analysis of Capacity, Demand, Supply, Margin and Competitive Scenario

Summary

“Global Top Five High Growth Oil Refining Markets: Analysis of Capacity, Demand, Supply, Margin and Competitive Scenario”, is the latest report from GlobalData, the industry analysis specialists, that offers comprehensive information on the refining market in five countries. Brazil, China, India, Iran and Saudi Arabia, the major refining markets which are expected to witness highest percentage growth in their refining capacities during the period 2009 to 2013 are included in this report. The report is an in-depth source of information on all active and planned refineries, petroleum product demand-supply scenario, refining margins, key trends and issues along with market share analysis of major refining companies in these countries. According to the report, the cumulative refining capacity of these countries accounted for 18.3% of global refining capacity in 2008 but refining capacity expansions in these countries is expected to contribute around 44% to global refining capacity additions during 2009-13. While new refineries in China will cater mainly to its domestic demand, the Middle-East and India plan to transform themselves into major refining and petroleum product exporting hubs. Brazil is expanding its refining capacity mainly to process its domestic heavy crude oil whose production is rapidly increasing. However, refining margins will remain modest as the demand for products in the major consuming markets is expected to remain low. The Singapore cracking margin is expected to hover in the range of $6-$10/barrel and will be sustained mainly by middle distillates, which will witness steady demand.

Scope

- The report provides detailed information and analysis on refining capacities, margins, demand-supply, market shares of key companies and competitive scenario in the top five high growth refining markets.
- Refinery level information for all active refineries in these markets covering capacity, nelson complexity and conversion ratio.
- Comparative scenario of the refining industry in these markets based on crude supply, capacity, planned expansions, complexity and demand of petroleum products with each other and against global averages.
- Crude oil import share by country in 2008 for Brazil, China, India, Iran and Saudi Arabia.
- Crude oil logistics information covering major oil ports, crude oil pipelines and storage terminals
- Distribution of refineries and capacity based on refinery configuration for each market
- Positioning of refineries in each country on the basis of capacity-complexity and conversion ratio
- Total petroleum product consumption trends vis-à-vis GDP growth and refining capacity in each market for the period 2000-13
- Production-consumption and import-export trends of gasoline, diesel/gas oil, jet fuel/kerosene, fuel oil and LPG (Liquified Petroleum Gas) in each market between 2000 and 2013
- Annual price spread of petroleum products (gasoline, diesel/gas oil, jet fuel/kerosene and fuel oil) in Singapore market vs consumption trend in each market for the duration 2003-08
- Typical refinery product slate and throughput and utilization trends in each market for the period 2003-08
- Quarterly regional refining margins for hydroskimming, cracking and hydrocracking refineries in the US Gulf Coast and Singapore markets since Q1 2003 and forecasts till Q4 of 2013
- Price differential between light and heavy crude for the period Q1 2003-Q3 2009 and also between fuel oil and gasoline, gas oil for the period Q1 2003-Q4 2013
- Market share analysis of refining capacity in each market for the duration 2000-13
- Details of refinery operations of China Petroleum & Chemical Corporation, Petroleo Brasileiro S.A., Petrochina CompanyLtd., Saudi Aramco, Indian Oil Corporation and National Iranian Oil Refining and Distribution Company including brief information about key refineries and upcoming projects
- Joint ventures and foreign investment in existing and upcoming refineries of each market
- Quarterly Gross Refinery Margin trends for the US Gulf Coast, and Singapore markets from Q1, 2003-Q3, 2009
- Details of upcoming refineries and capital expenditure in the refining sector of each market.

Reasons to buy

- The report provides a detailed scenario of refining markets in Brazil, China, India, Iran and Saudi Arabia
- The report will enhance your decision making capability in a more rapid and time sensitive manner.
- The research will allow you to identify prospective investment targets through a comprehensive update and discussion on new refineries, major processing units and capacity expansions of existing units in these five, high growth markets
- Find the most attractive investment destination(s) for your business by comparing refining industries in these high growth refining markets.
- Decide on market entry strategies in specific markets with the help of an up-to-date review of existing and planned capacity expansions and secondary conversion abilities for 124 active and planned refineries across five countries
- Plan your future investments in refining business by identifying gross refinery margin trends in each of the two major refining markets since 2003 and forecasts till 2013
- Detailed analysis of major company’s refining businesses in these countries will help in identifying growth and strategies of these companies
- Gain insights into the strengths and weaknesses of your competitors based on market shares of key refining companies in these markets.
- Details of foreign investments and joint ventures will also help in identifying the entry prospects in the refining industry in these markets.

Table of Contents
1 Table of Contents 2
1.1 List of Tables 8
1.2 List of Figures 11
2 Executive Summary 14
2.1 Economic Slowdown Has Decreased Global Refinery Utilization 14
2.2 National Oil Companies Will Drive Refining Capacity Additions Till 2013 14
2.3 Changing Petroleum Product Consumption Pattern Has Become a Major Challenge for Global Refining Industry 15
2.4 Refineries Need to Have More Processing Flexibility 15
2.5 Refineries of Top Five High Growth Refining Markets Are High In Capacity but Low in Complexity 15
2.6 Fluctuating Crude Oil Price and Refinery Margins Have Created an Uncertainty in the Market 15
3 Global Top Five High Growth Refining Markets, Comparative Outlook 16
3.1 Global Top Five High Growth Refining Markets, Key Comparisons 16
3.1.1 Global Top Five High Growth Refining Markets, Comparison Based on Contribution (%) of Indigenous and Imported Crude Oil to Refinery Feedstock, 2003-08 16
3.1.2 Global Top Five High Growth Refining Markets, Comparison Based on Total Refining Capacity Additions (MMTPA), 2000-13 17
3.1.3 Global Top Five High Growth Refining Markets, Comparison Based on Net Refining Capacity Addition (MMTPA) and Growth Rate (%), 2009-13 18
3.1.4 Global Top Five High Growth Refining Markets, Comparison Based on Demand of Total Petroleum Products (Thousand Barrels/day), 2003-13 19
3.2 Global Top Five High Growth Refining Markets, Recent Trends 20
3.2.1 Global Refinery Utilization Rate Will Witness Some Drop in the Near Future 20
3.2.2 National Priorities Necessitating Investment in the Refining Industry 20
3.2.3 Complex Refineries That Can Process Heavy and Sour Crude is the Need of the Hour 21
3.2.4 Increasing Diesel Demand Mandates Higher Diesel Production Across the Globe 22
3.2.5 Fluctuating Refining Margins 22
3.3 Global Top Five High Growth Refining Markets, Major Challenges 23
3.3.1 Decline in Petroleum Product Demand in Major Markets 23
3.3.2 High Construction Costs Have Traditionally Affected Growth of Refining Industry 23
4 Global Top Five High Growth Refining Markets, Crude Oil Supply and Logistics 25
4.1 Global Top Five High Growth Refining Markets, Major Source Countries for Crude Oil 25
4.1.1 Brazil, Crude Oil Import Share (%) by Country, 2008 25
4.1.2 China, Crude Oil Import Share (%) by Country, 2008 26
4.1.3 India, Crude Oil Import Share (%) by Country, 2008 27
4.2 Global Top Five High Growth Refining Markets, Crude Oil Logistics 28
4.2.1 Global Top Five High Growth Refining Markets, Crude Oil Logistics, Major Oil Ports 28
4.2.2 Global Top Five High Growth Refining Markets, Crude Oil Logistics, Major Crude Oil Pipelines 30
4.2.3 Global Top Five High Growth Refining Markets, Crude Oil Logistics, Major Oil Storage terminals 36
5 Global Top Five High Growth Refining Markets, Processing Capacity and Complexity Analysis 40
5.1 Global Top Five High Growth Refining Markets, Refining Capacity by Market, 2000-13 40
5.2 Global Top Five High Growth Refining Markets, Configuration of Refineries 41
5.2.1 Global Top Five High Growth Refining Markets, Distribution of Refineries Based on Type, 2008 41
5.2.2 Global Top Five High Growth Refining Markets, Distribution of Refining Capacity (MMTPA) Based on Type, 2008 42
5.2.3 Future Trends in Refinery Configurations 43
5.3 Global Top Five High Growth Refining Markets, CDU Annual Capacity of Active Refineries by Market, 2008 43
5.3.1 Brazil, CDU Annual Capacity of Active Refineries (MMTPA), 2008 43
5.3.2 China, CDU Annual Capacity of Active Refineries (MMTPA), 2008 44
5.3.3 India, CDU Annual Capacity of Active Refineries (MMTPA), 2008 45
5.3.4 Iran, CDU Annual Capacity of Active Refineries (MMTPA), 2008 45
5.3.5 Saudi Arabia, CDU Annual Capacity of Active Refineries (MMTPA), 2008 45
5.4 Global Top Five High Growth Refining Markets, Comparative Positioning of Refineries by Market 46
5.4.1 Global Top Five High Growth Refining Markets, Positioning of Refineries Based on Capacity (MMTPA) and Complexity (NCI), 2008 46
5.4.2 Global Top Five High Growth Refining Markets, Positioning of Refineries Based on Conversion Ratio, 2008 50
5.5 Global Top Five High Growth Refining Markets, Comparison based on Nelson Complexity and Conversion Ratio 54
5.5.1 Comparison Based on Nelson Complexity Index vis-à-vis Global Average 54
5.5.2 Comparison Based on Conversion Ratio vis-à-vis Global Average 55
6 Global Top Five High Growth Refining Markets, Refined Products Outlook and Trends 56
6.1 Global Top Five High Growth Refining Markets, Petroleum Product Consumption vis-à-vis GDP Growth by Market, 2000-08 56
6.1.1 Brazil, Petroleum Product Consumption (Thousand Barrels per Day) vis-à-vis GDP Growth (%), 2000-08 56
6.1.2 China, Petroleum Product Consumption (Thousand Barrels per Day) vis-à-vis GDP Growth (%), 2000-08 56
6.1.3 India, Petroleum Product Consumption (Thousand Barrels per Day) vis-à-vis GDP Growth (%), 2000-08 57
6.1.4 Iran, Petroleum Product Consumption (Thousand Barrels per Day) vis-à-vis GDP Growth (%), 2000-08 57
6.1.5 Saudi Arabia, Petroleum Product Consumption (Thousand Barrels per Day) vis-à-vis GDP Growth (%), 2000-08 58
6.2 Global Top Five High Growth Refining Markets, Petroleum Product Consumption vis-à-vis Refining Capacity Growth by Market, 2000-13 58
6.2.1 Brazil, Petroleum Product Consumption vis-à-vis Refining Capacity Growth (Thousand barrels per Day), 2000-13 58
6.2.2 China, Petroleum Product Consumption vis-à-vis Refining Capacity Growth (Thousand barrels per Day), 2000-13 59
6.2.3 India, Petroleum Product Consumption vis-à-vis Refining Capacity Growth (Thousand barrels per Day), 2000-13 60
6.2.4 Iran, Petroleum Product Consumption vis-à-vis Refining Capacity Growth (Thousand barrels per Day), 2000-13 61
6.2.5 Saudi Arabia, Petroleum Product Consumption vis-à-vis Refining Capacity Growth (Thousand barrels per Day), 2000-13 62
6.3 Global Top Five High Growth Refining Markets Gasoline Demand, Supply and Trade by Market, 2000-13 63
6.3.1 Gasoline Production vs Consumption (Thousand Barrels per Day), 2000-13 63
6.3.2 Gasoline Consumption (Thousand Barrels per Day) vs Spread ($/Barrel), 2003- 08 68
6.3.3 Gasoline Export and Import (Thousand Barrels per Day), 2000-13 69
6.4 Diesel/Gas Oil Demand, Supply and Trade by Market, 2000-13 74
6.4.1 Diesel/Gas Oil Production vs Consumption (Thousand Barrels per Day), 2000-13 74
6.4.2 Diesel/Gas Oil Consumption (Thousand Barrels per Day) vs Spread ($/Barrel), 2003- 08 79
6.4.3 Diesel/Gas Oil Export and Import, 2000-13 80
6.5 Jet Fuel/Kerosene Demand, Supply and Trade by Market, 2000-13 85
6.5.1 Jet Fuel/Kerosene Production vs Consumption (Thousand Barrels per Day), 2000-13 85
6.5.2 Jet Fuel/Kerosene Consumption (Thousand Barrels per Day) vs Spread ($/Barrel), 2003- 08 90
6.5.3 Jet Fuel/Kerosene Export and Import, 2000-13 91
6.6 Fuel Oil Demand, Supply and Trade by Market, 2000-13 96
6.6.1 Fuel Oil Production vs Consumption (Thousand Barrels per Day), 2000-13 96
6.6.2 Fuel Oil Consumption (Thousand Barrels per Day) vs Spread ($/Barrel), 2003- 08 101
6.6.3 Fuel Oil Export and Import (Thousand Barrels per Day), 2000-13 102
6.7 LPG Demand, Supply and Trade by Market, 2000-13 107
6.7.1 LPG Production vs Consumption (Thousand Barrels per Day), 2000-13 107
6.7.2 LPG Export and Import, (Thousand Barrels per Day), 2000-13 112
7 Global Top Five High Growth Refining Markets, Refinery Operation, Margin Analysis and Conversion Economics 117
7.1 Refining Industry in Global Top Five High Growth Refining Markets, Typical Product Slate 117
7.2 Refining Industry in Global Top Five High Growth Refining Markets, Throughput and Utilization, 2003-08 118
7.3 Regional Refining Margins Analysis and Forecasts 121
7.3.1 Hydroskimming Refinery Margins ($/Barrel), 2003-13 121
7.3.2 HydroCracking Refinery Margins ($/Barrel), 2003-13 122
7.3.3 Cracking Refinery Margins ($/Barrel), 2003-13 123
7.4 Global Top Five High Growth Refining Markets, Conversion Economics 124
7.4.1 Light and Heavy Crude Oil Price Differential 124
7.4.2 Fuel Oil and Light Distillate Price Differential 125
7.4.3 Fuel Oil and Middle Distillate Price Differential 126
8 Global Top Five High Growth Refining Markets, Market Share Analysis 127
8.1 Global Top Five High Growth Refining Markets, Capacity by Company, 2000-13 127
8.1.1 China Refining Industry, Capacity (MMTPA) by Company, 2000-13 127
8.1.2 Iran Refining Industry, Capacity (MMTPA) by Company, 2000-13 128
8.1.3 India Refining Industry, Capacity (MMTPA) by Company, 2000-13 129
8.1.4 Saudi Arabia Refining Industry, Capacity (MMTPA) by Company, 2000-13 130
8.1.5 Brazil Refining Industry, Capacity (MMTPA) by Company, 2000-13 131
8.2 Global Top Five High Growth Refining Markets, Capacity Share Vis-à-vis Growth in Refining Capacity of Major Refining Companies 132
8.3 Global Top Five High Growth Refining Markets, Comparison of Nelson Complexity Index by Company 133
8.4 China Petroleum & Chemical Corporation, Refining Operations 134
8.4.1 China Petroleum & Chemical Corporation, Refining Operations, Overview 134
8.4.2 China Petroleum & Chemical Corporation, Refining Operations, Key Refineries, 2008 134
8.4.3 China Petroleum & Chemical Corporation, Refining Operations, Key Planned Projects 135
8.5 Petroleo Brasileiro S.A., Refining Operations 136
8.5.1 Petroleo Brasileiro S.A., Refining Operations, Overview 136
8.5.2 Petroleo Brasileiro S.A., Refining Operations, Key Refineries, 2008 136
8.5.3 Petroleo Brasileiro S.A., Refining Operations, Key Planned Projects 137
8.6 Petrochina CompanyLtd., Refining Operations 138
8.6.1 Petrochina Company Ltd., Refining Operations, Overview 138
8.6.2 Petrochina Company Ltd., Refining Operations, Key Refineries, 2008 138
8.6.3 Petrochina Company Ltd., Refining Operations, Key Planned Projects 139
8.7 Saudi Aramco, Refining Operations 140
8.7.1 Saudi Aramco, Refining Operations, Overview 140
8.7.2 Saudi Aramco, Refining Operations, Key Refineries, 2008 140
8.7.3 Saudi Aramco, Refining Operations, Key Planned Projects 141
8.8 Indian Oil Corporation, Refining Operations 142
8.8.1 Indian Oil Corporation, Refining Operations, Overview 142
8.8.2 Indian Oil Corporation, Refining Operations, Key Refineries, 2008 142
8.8.3 Indian Oil Corporation, Refining Operations, Key Planned Projects 143
8.9 National Iranian Oil Refining and Distribution Company, Refining Operations 144
8.9.1 National Iranian Oil Refining and Distribution Company, Refining Operations, Overview 144
8.9.2 National Iranian Oil Refining and Distribution Company, Refining Operations, Key Refineries, 2008 144
8.9.3 National Iranian Oil Refining and Distribution Company, Refining Operations, Key Planned Projects 145
9 Global Top Five High Growth Refining Markets, Foreign Investments, Joint Ventures and Upcoming Projects 146
9.1 Global Top Five High Growth Refining Markets, Major Foreign Investors and Joint Ventures 146
9.1.1 Brazil, Refining Projects Involving Foreign Investments and Joint Ventures 146
9.1.2 China, Refining Projects Involving Foreign Investments and Joint Ventures 146
9.1.3 India, Refining Projects Involving Foreign Investments and Joint Ventures 147
9.1.4 Iran, Refining Projects Involving Foreign Investments and Joint Ventures 148
9.1.5 Saudi Arabia, Refining Projects Involving Foreign Investments and Joint Ventures 149
9.2 Global Top Five High Growth Refining Markets, Upcoming Projects and Capital Expenditure 150
10 Appendix 151
10.1 Methodology 151
10.1.1 Coverage 152
10.1.2 Secondary Research 153
10.1.3 Primary Research 153
10.1.4 Midstream Forecasts 153
10.1.5 Expert Panel Validation 153
10.2 Contact Us 154
10.3 About GlobalData 154
10.4 Disclaimer 154

List of Tables

1.1 List of Tables
Table 1: Global Top Five High Growth Refining Markets, Comparison of Petroleum Product Demand (Thousand Barrels/day), 2003-13 19
Table 2: Brazil, Major Oil Ports 28
Table 3: China, Major Oil Ports 28
Table 4: India, Major Oil Ports 29
Table 5: Iran, Major Oil Ports 29
Table 6: Saudi Arabia, Major Oil Ports 29
Table 7: Brazil, Major Crude Oil Transmission Pipelines 30
Table 8: China, Major Crude Oil Transmission Pipelines 30
Table 9: China, Major Crude Oil Transmission Pipelines (Contd..) 31
Table 10: China, Major Crude Oil Transmission Pipelines (Contd..) 32
Table 11: India, Major Crude Oil Transmission Pipelines 33
Table 12: Iran, Major Crude Oil Transmission Pipelines 34
Table 13: Saudi Arabia, Major Crude Oil Transmission Pipelines 35
Table 14: Brazil, Major Crude Oil Storage Terminals 36
Table 15: China, Major Crude Oil Storage Terminals 36
Table 16: China, Major Crude Oil Storage Terminals (Contd..) 37
Table 17: India, Major Crude Oil Storage Terminals 38
Table 18: Iran, Major Crude Oil Storage Terminals 38
Table 19: Saudi Arabia, Major Crude Oil Storage Terminals 39
Table 20: Global Top Five High Growth Refining Markets, Refining Capacity (MMTPA) by Market, 2000-13 41
Table 21: Brazil, CDU Annual Capacity of Active Refineries (MMTPA), 2008 43
Table 22: China, CDU Annual Capacity of Active Refineries, (MMTPA) 2008 44
Table 23: India , CDU Annual Capacity of Active Refineries, (MMTPA) 2008 45
Table 24: Iran, CDU Annual Capacity of Active Refineries, (MMTPA) 2008 45
Table 25: Saudi Arabia, CDU Annual Capacity of Active Refineries, (MMTPA) 2008 45
Table 26: Brazil, Gasoline Production vs Consumption (Thousand Barrels Per Day), 2000-13 63
Table 27: China, Gasoline Production vs Consumption (Thousand Barrels per Day), 2000-13 64
Table 28: India, Gasoline Production vs Consumption (Thousand Barrels per Day), 2000-13 65
Table 29: Iran, Gasoline Production vs Consumption (Thousand Barrels per Day), 2000-13 66
Table 30: Saudi Arabia, Gasoline Production vs Consumption (Thousand Barrels per Day), 2000-13 67
Table 31: Brazil, Gasoline Export and Import (Thousand Barrels per Day), 2000-13 69
Table 32: China, Gasoline Export and Import (Thousand Barrels per Day), 2000-13 70
Table 33: India, Gasoline Export and Import (Thousand Barrels per Day), 2000-13 71
Table 34: Iran, Gasoline Export and Import (Thousand Barrels per Day), 2000-13 72
Table 35: Saudi Arabia, Gasoline Export and Import (Thousand Barrels per Day), 2000-13 73
Table 36: Brazil, Diesel/Gas Oil Production vs Consumption (Thousand Barrels per Day), 2000-13 74
Table 37: China, Diesel/Gas Oil Production vs Consumption (Thousand Barrels per Day), 2000-13 75
Table 38: India, Diesel/Gas Oil Production vs Consumption (Thousand Barrels per Day), 2000-13 76
Table 39: Iran, Diesel/Gas Oil Production vs Consumption (Thousand Barrels per Day), 2000-13 77
Table 40: Saudi Arabia, Diesel/Gas Oil Production vs Consumption (Thousand Barrels per Day), 2000-13 78
Table 41: Brazil, Diesel/Gas Oil Export and Import (Thousand Barrels per Day), 2000-13 80
Table 42: China, Diesel/Gas Oil Export and Import (Thousand Barrels per Day), 2000-13 81
Table 43: India, Diesel/Gas Oil Export and Import (Thousand Barrels per Day), 2000-13 82
Table 44: Iran, Diesel/Gas Oil Export and Import (Thousand Barrels per Day), 2000-13 83
Table 45: Saudi Arabia, Diesel/Gas Oil Export and Import (Thousand Barrels per Day), 2000-13 84
Table 46: Brazil, Jet Fuel/Kerosene Production vs Consumption (Thousand Barrels per Day), 2000-13 85
Table 47: China, Jet Fuel/Kerosene Production vs Consumption (Thousand Barrels per Day), 2000-13 86
Table 48: India, Jet Fuel/Kerosene Production vs Consumption (Thousand Barrels per Day), 2000-13 87
Table 49: Iran, Jet Fuel/Kerosene Production vs Consumption (Thousand Barrels per Day), 2000-13 88
Table 50: Saudi Arabia, Jet Fuel/Kerosene Production vs Consumption (Thousand Barrels per Day), 2000-13 89
Table 51: Brazil, Jet Fuel/Kerosene Export and Import (Thousand Barrels per Day), 2000-13 91
Table 52: China, Jet Fuel/Kerosene Export and Import (Thousand Barrels per Day), 2000-13 92
Table 53: India, Jet Fuel/Kerosene Export and Import (Thousand Barrels per Day), 2000-13 93
Table 54: Iran, Jet Fuel/Kerosene Export and Import (Thousand Barrels per Day), 2000-13 94
Table 55: Saudi Arabia, Jet Fuel/Kerosene Export and Import (Thousand Barrels per Day), 2000-13 95
Table 56: Brazil, Fuel Oil Production vs Consumption (Thousand Barrels per Day), 2000-13 96
Table 57: China, Fuel Oil Production vs Consumption (Thousand Barrels per Day), 2000-13 97
Table 58: India, Fuel Oil Production vs Consumption (Thousand Barrels per Day), 2000-13 98
Table 59: Iran, Fuel Oil Production vs Consumption (Thousand Barrels per Day), 2000-13 99
Table 60: Saudi Arabia, Fuel Oil Production vs Consumption (Thousand Barrels per Day), 2000-13 100
Table 61: Brazil, Fuel Oil Export and Import (Thousand Barrels per Day), 2000-13 102
Table 62: China, Fuel Oil Export and Import (Thousand Barrels per Day), 2000-13 103
Table 63: India, Fuel Oil Export and Import (Thousand Barrels per Day), 2000-13 104
Table 64: Iran, Fuel Oil Export and Import (Thousand Barrels per Day), 2000-13 105
Table 65: Saudi Arabia, Fuel Oil Export and Import (Thousand Barrels per Day), 2000-13 106
Table 66: Brazil, LPG Production vs Consumption (Thousand Barrels per Day), 2000-13 107
Table 67: China, LPG Production vs Consumption (Thousand Barrels per Day), 2000-13 108
Table 68: India, LPG Production vs Consumption (Thousand Barrels per Day), 2000-13 109
Table 69: Iran, LPG Production vs Consumption (Thousand Barrels per Day), 2000-13 110
Table 70: Saudi Arabia, LPG Production vs Consumption (Thousand Barrels per Day), 2000-13 111
Table 71: Brazil, LPG Export and Import (Thousand Barrels per Day), 2000-13 112
Table 72: China, LPG Export and Import (Thousand Barrels per Day), 2000-13 113
Table 73: India, LPG Export and Import (Thousand Barrels per Day), 2000-13 114
Table 74: Iran, LPG Export and Import (Thousand Barrels per Day), 2000-13 115
Table 75: Saudi Arabia, LPG Export and Import (Thousand Barrels per Day), 2000-13 116
Table 76: China Refining Industry, Capacity (MMTPA) by Company, 2000-13 128
Table 77: Iran Refining Industry, Capacity (MMTPA) by Company, 2000-13 128
Table 78: India Refining Industry, Capacity (MMTPA) by Company, 2000-13 130
Table 79: Saudi Arabia Refining Industry, Capacity (MMTPA) by Company, 2000-13 131
Table 80: Brazil Refining Industry, Capacity (MMTPA) by Company, 2000-13 132
Table 81: China Petroleum & Chemical Corporation, Refinery Key Statistics, 2008 134
Table 82: Petroleo Brasileiro S.A., Refinery Key Statistics, 2008 136
Table 83: Petrochina Company Ltd., Refinery Key Statistics, 2008 138
Table 84: Saudi Aramco, Refinery Key Statistics, 2008 140
Table 85: Indian Oil Corporation, Refinery Key Statistics, 2008 142
Table 86: National Iranian Oil Refining and Distribution Company, Refinery Key Statistics, 2008 144
Table 87: Global Top Five High Growth Refining Markets, Upcoming Projects and Capital Expenditure, 2009-13 150

List of Figures

1.2 List of Figures
Figure 1: Global Top Five High Growth Refining Markets, Comparison of Indigenous and Imported Crude Oil Share (%) to Refinery Feedstock, 2003-08 16
Figure 2: Global Top Five High Growth Refining Markets, Comparison of Refining Capacity (MMTPA) Additions, 2000-13 17
Figure 3: Global Top Five High Growth Refining Markets, Net Refining Capacity Additions (MMTPA) and Growth Rate (%), 2009-13 18
Figure 4: Global Top Five High Growth Refining Markets, Comparison of Petroleum Product Demand (Thousand Barrels/day), 2003-13 19
Figure 5: National Oil Companies and Private Multinational Companies, Refining Capacity (MMTPA) and Growth in Refining Capacity (%) till 2013 21
Figure 6: Brazil, Crude Oil Import Share (%) by Country, 2008 25
Figure 7: China, Crude Oil Import Share (%) by Country, 2008 26
Figure 8: India, Crude Oil Import Share (%) by Country, 2008 27
Figure 9: Global Top Five High Growth Refining Markets, Refining Capacity (MMTPA) by Market, 2000-13 40
Figure 10: Global Top Five High Growth Refining Markets, Distribution of Refineries Based on Type, 2008 41
Figure 11: Global Top Five High Growth Refining Markets, Distribution of Refining Capacity (MMTPA) Based on Type, 2008 42
Figure 12: Brazil, Positioning of Refineries Based on Capacity (MMTPA) and Complexity (NCI), 2008 46
Figure 13: China, Positioning of Refineries Based on Capacity (MMTPA) and Complexity (NCI), 2008 47
Figure 14: India, Positioning of Refineries Based on Capacity (MMTPA) and Complexity (NCI), 2008 48
Figure 15: Iran, Positioning of Refineries Based on Capacity (MMTPA) and Complexity (NCI), 2008 49
Figure 16: Saudi Arabia, Positioning of Refineries Based on Capacity (MMTPA) and Complexity (NCI), 2008 50
Figure 17: Brazil, Positioning of Refineries Based on Conversion Ratio, 2008 51
Figure 18: China, Positioning of Refineries Based on Conversion Ratio, 2008 51
Figure 19: India, Positioning of Refineries Based on Conversion Ratio, 2008 52
Figure 20: Iran, Positioning of Refineries Based on Conversion Ratio, 2008 52
Figure 21: Saudi Arabia, Positioning of Refineries Based on Conversion Ratio, 2008 53
Figure 22: Comparison Based on Nelson Complexity Index vis-à-vis Global Average 54
Figure 23: Comparison Based on Conversion Ratio vis-à-vis Global Average 55
Figure 24: Brazil, Petroleum Product Consumption (Thousand Barrels per Day) vis-à-vis GDP Growth (%), 2000-08 56
Figure 25: China, Petroleum Product Consumption (Thousand Barrels per Day) vis-à-vis GDP Growth (%), 2000-08 56
Figure 26: India, Petroleum Product Consumption (Thousand Barrels per Day) vis-à-vis GDP Growth (%), 2000-08 57
Figure 27: Iran, Petroleum Product Consumption (Thousand Barrels per Day) vis-à-vis GDP Growth (%), 2000-08 57
Figure 28: Saudi Arabia, Petroleum Product Consumption (Thousand Barrels per Day) vis-à-vis GDP Growth (%), 2000-08 58
Figure 29: Brazil, Petroleum Product Consumption vis-à-vis Refining Capacity Growth (Thousand Barrels per Day), 2000-13 58
Figure 30: China, Petroleum Product Consumption vis-à-vis Refining Capacity Growth (Thousand Barrels per Day), 2000-13 59
Figure 31: India, Petroleum Product Consumption vis-à-vis Refining Capacity Growth (Thousand Barrels per Day), 2000-13 60
Figure 32: Iran,, Petroleum Product Consumption vis-à-vis Refining Capacity Growth (Thousand barrels per Day), 2000-13 61
Figure 33: Saudi Arabia, Petroleum Product Consumption vis-à-vis Refining Capacity Growth (Thousand Barrels per Day), 2000-13 62
Figure 34: Brazil, Gasoline Production vs Consumption (Thousand Barrels per Day), 2000-13 63
Figure 35: China, Gasoline Production vs Consumption (Thousand Barrels per Day), 2000-13 64
Figure 36: India, Gasoline Production vs Consumption (Thousand Barrels per Day), 2000-13 65
Figure 37: Iran, Gasoline Production vs Consumption (Thousand Barrels per Day), 2000-13 66
Figure 38: Saudi Arabia, Gasoline Production vs Consumption (Thousand Barrels per Day), 2000-13 67
Figure 39: Gasoline Consumption (Thousand Barrels per Day) vs Spread ($/Barrel), 2003- 08 68
Figure 40: Brazil, Gasoline Export and Import (Thousand Barrels per Day), 2000-13 69
Figure 41: China, Gasoline Export and Import (Thousand Barrels per Day), 2000-13 70
Figure 42: India, Gasoline Export and Import (Thousand Barrels per Day), 2000-13 71
Figure 43: Iran, Gasoline Export and Import (Thousand Barrels per Day), 2000-13 72
Figure 44: Saudi Arabia, Gasoline Export and Import (Thousand Barrels per Day), 2000-13 73
Figure 45: Brazil, Diesel/Gas Oil Production vs Consumption (Thousand Barrels per Day), 2000-13 74
Figure 46: China, Diesel/Gas Oil Production vs Consumption (Thousand Barrels per Day), 2000-13 75
Figure 47: India, Diesel/Gas Oil Production vs Consumption (Thousand Barrels per Day), 2000-13 76
Figure 48: Iran, Diesel/Gas Oil Production vs Consumption (Thousand Barrels per Day), 2000-13 77
Figure 49: Saudi Arabia, Diesel/Gas Oil Production vs Consumption (Thousand Barrels per Day), 2000-13 78
Figure 50: Diesel/Gas Oil Consumption (Thousand Barrels per Day) vs Spread ($/Barrel), 2003- 08 79
Figure 51: Brazil, Diesel/Gas Oil Export and Import (Thousand Barrels per Day), 2000-13 80
Figure 52: China, Diesel/Gas Oil Export and Import (Thousand Barrels per Day), 2000-13 81
Figure 53: India, Diesel/Gas Oil Export and Import (Thousand Barrels per Day), 2000-13 82
Figure 54: Iran, Diesel/Gas Oil Export and Import (Thousand Barrels per Day), 2000-13 83
Figure 55: Saudi Arabia, Diesel/Gas Oil Export and Import (Thousand Barrels per Day), 2000-13 84
Figure 56: Brazil, Jet Fuel/Kerosene Production vs Consumption (Thousand Barrels per Day), 2000-13 85
Figure 57: China, Jet Fuel/Kerosene Production vs Consumption (Thousand Barrels per Day), 2000-13 86
Figure 58: India, Jet Fuel/Kerosene Production vs Consumption (Thousand Barrels per Day), 2000-13 87
Figure 59: Iran, Jet Fuel/Kerosene Production vs Consumption (Thousand Barrels per Day), 2000-13 88
Figure 60: Saudi Arabia, Jet Fuel/Kerosene Production vs Consumption (Thousand Barrels per Day), 2000-13 89
Figure 61: Jet Fuel/Kerosene Consumption (Thousand Barrels per Day) vs Spread ($/Barrel), 2003-08 90
Figure 62: Brazil, Jet Fuel/Kerosene Export and Import (Thousand Barrels per Day), 2000-13 91
Figure 63: China, Jet Fuel/Kerosene Export and Import (Thousand Barrels per Day), 2000-13 92
Figure 64: India, Jet Fuel/Kerosene Export and Import (Thousand Barrels per Day), 2000-13 93
Figure 65: Iran, Jet Fuel/Kerosene Export and Import (Thousand Barrels per Day), 2000-13 94
Figure 66: Saudi Arabia, Jet Fuel/Kerosene Export and Import (Thousand Barrels per Day), 2000-13 95
Figure 67: Brazil, Fuel Oil Production vs Consumption (Thousand Barrels per Day), 2000-13 96
Figure 68: China, Fuel Oil Production vs Consumption (Thousand Barrels per Day), 2000-13 97
Figure 69: India, Fuel Oil Production vs Consumption (Thousand Barrels per Day), 2000-13 98
Figure 70: Iran, Fuel Oil Production vs Consumption (Thousand Barrels per Day), 2000-13 99
Figure 71: Saudi Arabia, Fuel Oil Production vs Consumption (Thousand Barrels per Day), 2000-13 100
Figure 72: Fuel Oil Consumption (Thousand Barrels per Day) vs Spread ($/Barrel), 2003-08 101
Figure 73: Brazil, Fuel Oil Export and Import (Thousand Barrels per Day), 2000-13 102
Figure 74: China, Fuel Oil Export and Import (Thousand Barrels per Day), 2000-13 103
Figure 75: India, Fuel Oil Export and Import (Thousand Barrels per Day), 2000-13 104
Figure 76: Iran, Fuel Oil Export and Import (Thousand Barrels per Day), 2000-13 105
Figure 77: Saudi Arabia, Fuel Oil Export and Import (Thousand Barrels per Day), 2000-13 106
Figure 78: Brazil, LPG Production vs Consumption (Thousand Barrels per Day), 2000-13 107
Figure 79: China, LPG Production vs Consumption (Thousand Barrels per Day), 2000-13 108
Figure 80: India, LPG Production vs Consumption (Thousand Barrels per Day), 2000-13 109
Figure 81: Iran, LPG Production vs Consumption (Thousand Barrels per Day), 2000-13 110
Figure 82: Saudi Arabia, LPG Production vs Consumption (Thousand Barrels per Day), 2000-13 111
Figure 83: Brazil, LPG Export and Import (Thousand Barrels per Day), 2000-13 112
Figure 84: China, LPG Export and Import (Thousand Barrels per Day), 2000-13 113
Figure 85: India, LPG Export and Import (Thousand Barrels per Day), 2000-13 114
Figure 86: Iran, LPG Export and Import (Thousand Barrels per Day), 2000-13 115
Figure 87: Saudi Arabia, LPG Export and Import (Thousand Barrels per Day), 2000-13 116
Figure 88: Global Top Five High Growth Refining Markets, Typical Product Slate 117
Figure 89: Brazil Refinery, Throughput (MMTPA) and Utilization (%), 2003-08 118
Figure 90: China Refinery, Throughput (MMTPA) and Utilization (%), 2003-08 119
Figure 91: India Refinery, Throughput (MMTPA) and Utilization (%), 2003-08 119
Figure 92: Iran Refinery, Throughput (MMTPA) and Utilization (%), 2003-08 120
Figure 93: Saudi Arabia Refinery, Throughput (MMTPA) and Utilization (%), 2003-08 120
Figure 94: Hydroskimming Refinery Margins ($/Barrel), 2003-13 121
Figure 95: Hydrocracking Refinery Margins ($/Barrel), (2003-13) 122
Figure 96: Cracking Refinery Margins ($/Barrel), 2003-13 123
Figure 97: Maya and Brent Crude Price Differential ($/Barrel), 2003-09 124
Figure 98: Fuel Oil and Gasoline Price Differential ($/Barrel), 2003-13 125
Figure 99: Fuel Oil and Gas Oil Price Differential ($/Barrel), 2003-13 126
Figure 100: China Refining Industry, Capacity (MMTPA) by Company, 2000-13 127
Figure 101: India Refining Industry, Capacity (MMTPA) by Company, 2000-13 129
Figure 102: Saudi Arabia Refining Industry, Capacity (MMTPA) by Company, 2000-13 130
Figure 103: Brazil Refining Industry, Capacity (MMTPA) by Company, 2000-13 131
Figure 104: Global Top Five High Growth Refining Markets, Capacity Share (%) Vis-à-vis Growth (%)in Refining Capacity of Major Refining Companies, 2000-13 132
Figure 105: Global Top Five High Growth Refining Markets, Comparison of Nelson Complexity Index by Company, 2008 133
Figure 106: GlobalData Methodology 152