Refinery Capacity

摘要

Global crude throughput runs remain depressed compared with five year averages. The IEA forecast global crude throughput to average 71.1m bpd in 2Q 2009, down 3.1m bpd y-o-y. This is despite the IEA incorporating a 70% utilization rate for CNOOC's Huizhou refinery and the ongoing ramping up of Reliance's second Jamangar refinery. In response to changing refining margins and regional demand the IEA are expecting crude runs to rise in China and the US at the expense of run cuts in OECD Europe and the Pacific.