Refining Markets in Gulf Cooperation Council (GCC) Countries: Analysis of Capacity, Demand, Supply, Margin and Competitive Scenario

Summary

Refining Markets in Gulf Cooperation Council (GCC) Countries: Analysis of Capacity, Demand, Supply, Margin and Competitive Scenario”, is the latest report  the industry analysis specialists, that offers comprehensive information on the refining markets in Saudi Arabia, the United Arab Emirates, Kuwait, Qatar, Oman and Bahrain. The report is an in-depth source of information on all active and planned refineries, petroleum product demand-supply scenario, refining margins, key trends and issues along with market share analysis of major refining companies in these countries.

According to the report, the cumulative refining capacity of these countries accounted for 4.9% of global refining capacity and 41% of the total refining capacity of the Middle East in 2008. New refineries and expansion in existing refineries will increase the refining capacity in GCC to 6.8 million barrels per day by 2013 and GCC will contribute 6.4% to global refining capacity.
The average size of refineries in the GCC countries at 11.4 Million Metric Tonnes per Annum (MMTPA) is above global average of 6.7 MMTPA.

Scope

- The report provides detailed information and analysis on refining capacities, margins, demand-supply, market shares of key companies and competitive scenario in the GCC refining markets.
- Refinery level information for all active refineries in the GCC countries covering processing capacity, nelson complexity and conversion ratio.
- Comparative scenario of the refining industry in these markets based on capacity, planned expansions, complexity and demand of petroleum products within these markets and against global averages.
- Crude oil logistics information covering major oil ports, crude oil pipelines and storage terminals
- Distribution of refineries and capacity based on refinery configuration for each market. Positioning of refineries in each country on the basis of capacity-complexity and conversion ratio
- Total petroleum product consumption trends vis-à-vis GDP growth and refining capacity in each market for the period 2000-13
- Production-consumption and import-export trends of gasoline, diesel/gas oil, jet fuel/kerosene, fuel oil and LPG in each market between 2000 and 2013
- Annual price spread of petroleum products (gasoline, diesel/gas oil, jet fuel/kerosene and fuel oil) in Singapore market vs consumption trend in each market for the duration 2003-08
- Typical refinery product slate and throughput and utilization trends in each market for the period 2003-08
- Quarterly regional refining margins for hydroskimming, cracking and hydrocracking refineries in the Singapore market since Q1 2003 and forecasts till Q4 of 2013
- Price differential between light and heavy crude for the period Q1 2003-Q3 2009 and also between fuel oil and gasoline, gas oil for the period Q1 2003-Q4 2013
- Market share analysis of refining capacity in each market for the duration 2000-13
- Joint ventures and foreign investment in existing and upcoming refineries of each market
- Details of upcoming refineries and capital expenditure in the refining sector of each market.

Reasons to buy

- The report provides a detailed scenario of GCC refining markets
- The report will enhance your decision making capability in a more rapid and time sensitive manner.
- The research will allow you to identify prospective investment targets through a comprehensive update and discussion on new refineries, major processing units and capacity expansions of existing units in these GCC markets
- Find the most attractive investment destination(s) for your business by comparing refining industries in these markets.
- Decide on market entry strategies in specific markets with the help of an up-to-date review of existing and planned capacity expansions and secondary conversion abilities for 24 active and planned refineries (till 2013) across six countries
- Plan your future investments in refining business by identifying gross refinery margin trends in each of the two major refining markets since 2003 and forecasts till 2013
- Detailed analysis of major company’s refining businesses in these countries will help in identifying growth and strategies of these companies
- Gain insights into the strengths and weaknesses of your competitors based on market shares of key refining companies in these markets.
- Details of foreign investments and joint ventures will also help in identifying the entry prospects in the refining industry in these markets.
 

1.1 List of Tables 8
1.2 List of Figures 11
2 Executive Summary 14
2.1 Refinery Utilization in GCC Countries Has Remained Largely Unaffected Despite Global Economic Slowdown 14
2.2 National Oil Companies in GCC Countries Will Drive Refining Capacity Additions Till 2013 14
2.3 Changing Petroleum Product Consumption Pattern Globally Has Become a Major Challenge for GCC Refining Industry 15
2.4 Refineries in GCC Markets Are High In Capacity but Low in Complexity 15
2.5 Decline in Petroleum Product Demand Has Created an Uncertainty in the Market 15
3 Refining Markets in GCC Countries, Comparative Outlook 16
3.1 Refining Markets in GCC Countries, Key Comparisons 16
3.1.1 Refining Markets in GCC Countries, Comparison Based on Total Refining Capacity Additions (MMTPA), 2000-13 17
3.1.2 Refining Markets in GCC Countries, Comparison Based on Net Refining Capacity Additions (MMTPA) and Growth Rate (%), 2009-13 18
3.1.3 Refining Markets in GCC Countries, Comparison Based on Total Petroleum Products Demand (Thousand Barrels/day), 2000-13 19
3.2 Refining Markets in GCC Countries, Recent Trends 20
3.2.1 Refinery Utilization Rates in GCC Remained Unaffected Despite Global Economic Slowdown 20
3.2.2 National Priorities Necessitating Investment in the GCC Refining Industry 21
3.2.3 Complex Refineries That Can Process Heavy and Sour Crude is the Need of the Hour 23
3.2.4 Increasing Diesel Demand Mandates Higher Diesel Production across the Globe 23
3.2.5 Fluctuating Refining Margins 23
3.3 Refining Markets in GCC Countries, Major Challenges 24
3.3.1 Decline in Petroleum Product Demand in Major Markets 24
3.3.2 High Construction Costs Have Traditionally Affected Growth of Refining Industry 24
4 Refining Markets in GCC Countries,Crude Oil Logistics 26
4.1 Refining Markets in GCC Countries, Major Source Countries for Crude Oil 26
4.2 Refining Markets in GCC Countries, Crude Oil Logistics 26
4.2.1 Refining Markets in GCC Countries, Crude Oil Logistics, Major Oil Ports 26
4.2.2 Refining Markets in GCC Countries, Crude Oil Logistics, Major Crude Oil Pipelines 28
4.2.3 Refining Markets in GCC Countries, Crude Oil Logistics, Major Oil Storage terminals 31
5 Refining Markets in GCC Countries, Processing Capacity and Complexity Analysis 33
5.1 Refining Markets in GCC Countries, Refining Capacity by Market, 2000-13 33
5.2 Refining Markets in GCC Countries, Configuration of Refineries 34
5.2.1 Refining Markets in GCC Countries, Distribution of Refineries Based on Type, 2008 34
5.2.2 Refining Markets in GCC Countries, Distribution of Refining Capacity (MMTPA) Based on Type, 2008 35
5.2.3 Future Trends in Refinery Configurations 36
5.3 Refining Markets in GCC Countries, CDU Annual Capacity of Active Refineries by Market 36
5.3.1 Bahrain, CDU Annual Capacity of Active Refineries (MMTPA), October 2009 36
5.3.2 Kuwait, CDU Annual Capacity of Active Refineries (MMTPA), October 2009 37
5.3.3 Oman, CDU Annual Capacity of Active Refineries (MMTPA), October 2009 37
5.3.4 Qatar, CDU Annual Capacity of Active Refineries (MMTPA), October 2009 37
5.3.5 Saudi Arabia, CDU Annual Capacity of Active Refineries (MMTPA), October 2009 37
5.3.6 United Arab Emirates, CDU Annual Capacity of Active Refineries (MMTPA), October 2009 37
5.4 Refining Markets in GCC Countries, Comparative Positioning of Refineries by Market 38
5.4.1 Refining Markets in GCC Countries, Positioning of Refineries Based on Capacity (MMTPA) and Complexity (NCI), 2008 38
5.4.2 Refining Markets in GCC Countries, Positioning of Refineries Based on Conversion Ratio, 2008 39
5.5 Refining Markets in GCC Countries, Comparison based on Nelson Complexity Index and Conversion Ratio 40
5.5.1 Refining Markets in GCC Countries, Comparison Based on Nelson Complexity Index vis-à-vis Global Average 40
5.5.2 Refining Markets in GCC Countries, Comparison Based on Conversion Ratio vis-à-vis Global Average 41
6 Refining Markets in GCC Countries,Refined Products Outlook and Trends 42
6.1 Refining Markets in GCC Countries, Petroleum Product Consumption vis-à-vis GDP Growth by Market, 2000-08 42
6.1.1 Bahrain, Petroleum Product Consumption (Thousand Barrels per Day) vis-à-vis GDP Growth (%), 2000-08 42
6.1.2 Kuwait, Petroleum Product Consumption (Thousand Barrels per Day) vis-à-vis GDP Growth (%), 2000-08 43
6.1.3 Oman, Petroleum Product Consumption (Thousand Barrels per Day) vis-à-vis GDP Growth (%), 2000-08 43
6.1.4 Qatar, Petroleum Product Consumption (Thousand Barrels per Day) vis-à-vis GDP Growth (%), 2000-08 44
6.1.5 Saudi Arabia, Petroleum Product Consumption (Thousand Barrels per Day) vis-à-vis GDP Growth (%), 2000-08 44
6.1.6 United Arab Emirates, Petroleum Product Consumption (Thousand Barrels per Day) vis-à-vis GDP Growth (%), 2000-08 45
6.2 Refining Markets in GCC Countries, Petroleum Product Consumption vis-à-vis Refining Capacity Growth by Market, 2000-13 45
6.2.1 Bahrain, Petroleum Product Consumption vis-à-vis Refining Capacity Growth (Thousand barrels per Day), 2000-13 45
6.2.2 Kuwait, Petroleum Product Consumption vis-à-vis Refining Capacity Growth (Thousand barrels per Day), 2000-13 46
6.2.3 Oman, Petroleum Product Consumption vis-à-vis Refining Capacity Growth (Thousand barrels per Day), 2000-13 47
6.2.4 Qatar, Petroleum Product Consumption vis-à-vis Refining Capacity Growth (Thousand barrels per Day), 2000-13 48
6.2.5 Saudi Arabia, Petroleum Product Consumption vis-à-vis Refining Capacity Growth (Thousand barrels per Day), 2000-13 49
6.2.6 United Arab Emirates, Petroleum Product Consumption vis-à-vis Refining Capacity Growth (Thousand barrels per Day), 2000-13 50
6.3 Refining Markets in GCC Countries, Gasoline Demand, Supply and Trade by Market, 2000-13 51
6.3.1 Refining Markets in GCC Countries, Gasoline Production vs Consumption (Thousand Barrels per Day), 2000-13 51
6.3.2 Refining Markets in GCC Countries, Gasoline Consumption (Thousand Barrels per Day) vs Spread ($/Barrel), 2003- 08 57
6.3.3 Refining Markets in GCC Countries, Gasoline Export and Import (Thousand Barrels per Day), 2000-13 58
6.4 Refining Markets in GCC Countries, Diesel/Gas Oil Demand, Supply and Trade by Market, 2000-13 64
6.4.1 Refining Markets in GCC Countries, Diesel/Gas Oil Production vs Consumption (Thousand Barrels per Day), 2000-13 64
6.4.2 Refining Markets in GCC Countries, Diesel/Gas Oil Consumption (Thousand Barrels per Day) vs Spread ($/Barrel), 2003- 08 69
6.4.3 Refining Markets in GCC Countries, Diesel/Gas Oil Export and Import, 2000-13 70
6.5 Refining Markets in GCC Countries, Jet Fuel/Kerosene Demand, Supply and Trade by Market, 2000-13 76
6.5.1 Refining Markets in GCC Countries, Jet Fuel/Kerosene Production vs Consumption (Thousand Barrels per Day), 2000-13 76
6.5.2 Refining Markets in GCC Countries, Jet Fuel/Kerosene Consumption (Thousand Barrels per Day) vs Spread ($/Barrel), 2003- 08 82
6.5.3 Refining Markets in GCC Countries, Jet Fuel/Kerosene Export and Import, 2000-13 83
6.6 Refining Markets in GCC Countries, Fuel Oil Demand, Supply and Trade by Market, 2000-13 89
6.6.1 Refining Markets in GCC Countries, Fuel Oil Production vs Consumption (Thousand Barrels per Day), 2000-13 89
6.6.2 Refining Markets in GCC Countries, Fuel Oil Consumption (Thousand Barrels per Day) vs Spread ($/Barrel), 2003- 08 95
6.6.3 Refining Markets in GCC Countries, Fuel Oil Export and Import (Thousand Barrels per Day), 2000-13 96
6.7 Refining Markets in GCC Countries, LPG Demand, Supply and Trade by Market, 2000-13 102
6.7.1 Refining Markets in GCC Countries, LPG Production vs Consumption (Thousand Barrels per Day), 2000-13 102
6.7.2 Refining Markets in GCC Countries, LPG Export and Import (Thousand Barrels per Day), 2000-13 108
7 Refining Markets in GCC Countries,Refinery Operation,