Oil refinery capacities in Italy stood at 1.9 million barrels per day in 2023, consistent with figures from the past decade. From 2013 to 2023, the capacity witnessed a minor growth in 2014 but remained stable from 2015 onwards, maintaining a Constant Annual Growth Rate (CAGR) of 0% over the past five years. The year-on-year variation suggests a stability in refinery capacities after a minor decline and subsequent normalization in the early decade. As forecasted data from 2024 to 2028 shows no anticipated change, the 5-year forecast growth rate and CAGR remain at 0%.
Future trends to watch for:
- Potential for technological advancements to increase efficiency and capacity utilization.
- Impact of environmental regulations on refinery operations and potential shifts towards renewable energy sources.
- Global oil market fluctuations and their influence on Italy's refinery output and capacity adjustments.