Three Arab countries—Saudi Arabia, Kuwait, and Oman—are aiming to build three refineries with a capacity 1.245m barrels per day (bpd) to increase the added value of crude oil revenues.
“The projects involve the establishment of a new refinery in Kuwait with a refining capacity of 615,000 bpd, the Jazan refinery in Saudi Arabia with a capacity of 400,000 barrels per day, and the Duqm refinery in Oman with a capacity of 230,000 bpd,” said Abbas Ali Al-Naqi, secretary general of the Organisation of Arab Petroleum Exporting Countries (OAPEC).
He pointed to a number of refining projects and capacity enhancement for several existing refineries, such as the development of the Sitra refinery in Bahrain, to raise its capacity from 260,000 to 360,000 bpd.
This, in addition to the development of the Middle East Oil Refinery (MIDOR) in Egypt to raise its capacity from 100,000-160,000 barrels per day, and the project to raise the capacity of the Sohar refinery in Oman from 116,000 bpd to 187,000 bpd.
He stressed that the oil refining industry in OAPEC member states is proceeding at a good pace despite the challenges it faces.
He pointed to a number of recently completed projects, including the Sanur and Yasref refineries in Saudi Arabia with a capacity of 400,000 bpd, the new Ruwais refinery in the UAE with a capacity of 417,000 bpd.