Oil refinery capacities in Chile remained stagnant at 242.0 thousand barrels per day from 2013 to 2021. In 2022, there was a slight increase of 0.65%, followed by a further 0.64% rise in 2023, bringing the capacity up to 245.13 thousand barrels per day. The forecasted data predicts a continuing upward trend with an average annual growth rate (CAGR) of 0.47% from 2024 to 2028, cumulative 2.35% growth over this period.
Future trends to watch for:
- Technological advancements in refining processes.
- Shifts in energy policy and environmental regulations.
- Global and regional changes in oil demand and supply.
- Potential investments in refinery infrastructure.
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