Gulf Arab crude oil refining capacity is projected to increase sharply over the next three years.
The combined crude oil capacity of the six Gulf Cooperation Council states would rise by 45.5 percent to 6.3 million barrels per day by 2010. A report by the United Arab Emirates' Emirates Industrial Bank cited plans to construct large refineries in four GCC states.
"The potential increase is a result of four new refineries planned in Kuwait, Saudi Arabia, Qatar and Oman, as well as of renovating old refineries and increasing their production capacity in the UAE and Kuwait," the report said.
The report said GCC refining capacity, with 20 refineries, reached 4.33 million barrels per day in 2005. Another four refineries were expected to be completed in 2010. Source
The combined crude oil capacity of the six Gulf Cooperation Council states would rise by 45.5 percent to 6.3 million barrels per day by 2010. A report by the United Arab Emirates' Emirates Industrial Bank cited plans to construct large refineries in four GCC states.
"The potential increase is a result of four new refineries planned in Kuwait, Saudi Arabia, Qatar and Oman, as well as of renovating old refineries and increasing their production capacity in the UAE and Kuwait," the report said.
The report said GCC refining capacity, with 20 refineries, reached 4.33 million barrels per day in 2005. Another four refineries were expected to be completed in 2010. Source
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