Refining Industry in Asia-Pacific – Market Analysis, Competitive Landscape and Capacity Forecasts to 2016
The refining capacity of Asia-Pacific will witness an average annual growth rate (AAGR) of 3.4% during the period 2011-2016. During this period, the region’s refining capacity will increase from 1,464.7 MMtpa in 2011 to 1,738.3 MMtpa in 2016. The share of the region’s refining capacity in the global refining capacity was recorded 31.4% in 2011 and will increase slightly to 31.7% by 2016. The increasing demand for refined petroleum products, especially in fast growing countries such as China and India,...
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