The oil refinery capacity in Norway is forecasted to remain stable at 268.0 thousand barrels per day from 2024 through 2028. In 2023, the capacity also stood at 268.0 thousand barrels per day, indicating no growth or decline in refinery capacity year-on-year. This results in a 0% year-on-year variation for 2024, maintaining this consistency over each of the following years until 2028. The average annual variation over the five years or CAGR is also 0%.
Future trends to watch for include potential regulatory changes impacting refinery operations, shifts in global oil demand that could influence capacity adjustments, and advancements in renewable energy that may affect the long-term sustainability of current capacity levels.
