Global Refineries in 2020

Global Refineries in 2020

According to a new report, refinery capacity has grown by 3.6M b/d between 2015 and the end of 2018. Over 50% of the growth in refinery capacity since 2015 has taken place in India (1.0M b/d) and China (0.9M b/d).

Additional refinery capacity requires more crude oil and China and India have increased crude oil imports by 11% and 5%, respectively between 2016 and 2018. Conversely, Japan’s crude oil imports fell by 12% over the same period.

The drive to increase refinery output in the Middle East and China will be a major focus from 2020 onwards, which could see Chinese crude oil imports grow by 7% and Middle East products exports increase by 14%.

Read more here.

About the author

Dr. Mariana Damova is the CEO of Mozaika, a company providing research and solutions in the field of data science, reasoning with natural language semantics, and natural human computer interfaces, creativity enhancing applications, and research infrastructures for the humanities. Previously, she was a Business development Manager and a Knowledge Management Expert specializing in ontology engineering and linked data management at a world leading technology provider. She was instrumental in the successful winning and knowledge modelling of large data integration and management projects such as the Semantic Knowledge Base for The National Archive of the United Kingdom and Research Space for the British Museum, as well as European FP7 projects such as Europeana Creative and Multisensor. Her work focuses on the design and development of data integration infrastructures which allow efficient querying, access and navigation over linked data. She has managed the building of the official experimental Europeana SPARQL endpoint holding Europeana semantic data. Mariana holds a PhD from the University of Stuttgart and teaches semantic technologies and multimedia at the New Bulgarian University in Sofia. She regularly reviews books and articles for ACM and has authored books and scientific articles in linguistics and semantic technologies. She has successfully lead international interdisciplinary teams and projects carrying technological risks, driven and managed change in engineering and operational contexts in North America and in Europe, and acquired the ability to leverage marketing requirements with knowledge intense technological solutions.

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