The oil refinery capacities in Argentina remained constant at 657 thousand barrels per day from 2013 to 2017. In 2018, there was a significant drop of 11.72%, bringing the capacity down to 580 thousand barrels per day, where it stayed stable through 2021. A slight increment was observed starting in 2022. By 2023, the capacity stood at 580.26 thousand barrels per day, reflecting a minimal year-on-year variation of 0.014%. The Compound Annual Growth Rate (CAGR) over the last five years was 0.0089%. Forecasts predict a minor increase, projecting the capacity to reach 580.56 thousand barrels per day by 2028, with a five-year CAGR of 0.01%.
Future trends to watch for include potential fluctuations due to geopolitical events, policy changes, and innovations in refinery technology that could impact Argentina’s oil refining capacities. Monitoring these factors will be crucial for understanding longer-term capacity trends.
