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Shell, Exxon Mobil Profiled in Oil Refining Market 2024 Report - Saudi Aramco, Kuwait Petroleum Corporation, Abu Dhabi National Oil Company, Fluor, BP, Chevron, Sinopec, PBF Energy, Phillips 66, Reliance Petroleum

11-05-2018 11:20 AM CET | Energy & Environment

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Oil Refining Market, Oil Refining Market trends, Oil Refining Market forecast, Oil Refining Market Analysis

Oil Refining Market, Oil Refining Market trends, Oil Refining Market forecast, Oil Refining Market Analysis

This global Oil Refining market report studies the industry based on one or more segments covering key players, types, applications, products, technology, end-users, and regions for historical data as well as provides forecasts for next few years.

The data in this Oil Refining market research is collated via multiple channels including but not limited to primary and secondary sources, databases, business specific references and others. The study aims to offer not only commercial data but also includes analysis of important factors, technical as well as market-oriented insights. Players in the Oil Refining market including established companies, new entrants and everyone in between this industry chain covering suppliers, experts, manufacturers, service providers, traders, distributors, consumers / clients and others may find value in this research. Companies profiled include Indian Oil Corporation Limited, Bharat Petroleum Corporation Limited, S-Oil, Hindustan Petroleum Corporation Limited, Saudi Aramco, Kuwait Petroleum Corporation, Abu Dhabi National Oil Company, Fluor, BP, Chevron, Shell, Exxon Mobil, Sinopec, PBF Energy, Phillips 66, Reliance Petroleum.

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Market Study Report adds 2024 Global Oil Refining market research of 280 pages supported with 784 data tables and 11 figures profiling 16 leading Oil Refining industry companies. The research offers forecasts to 2024 for Rising demand for lighter crude distillates coupled with air borne emission directives will enhance the industry growth.Oil Refining Market is anticipated to reach over USD 7 trillion by 2024.

Saudi Arabia oil refining market is predicted to surpass USD 150 billion by 2024. Rising focus to attain diversified economic growth and employment enhancement will augment the business outlook. Growing population, economic escalation and improving living standards are some of the factors influencing the demand for petroleum product across the country. Increasing demand to process heavy crude fractions and fuel oil into the lighter distillates will further sway the industry landscape.

Emerging demand for value added refined products and growing concern to curtail import dependency will stimulate the oil refining market share in Indonesia. For instance, fuel demand increased to 1.6 BPD in 2017, however, the refining capacity stood around 1.1 MBPD, implying that the nation imported 43% of the products from overseas.

Road transport contributed for over 40% of the overall oil refining market share in 2017. Elevated demand in freight transportation industry and favorable tourism industry outlook will propel the refining business growth. As per the European Automobile Manufacturer Association, the road transport network accounted for over 75% of goods transported in 2017.

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Oil Refining Market is anticipated to reach over USD 7 trillion by 2024. Rising demand for lighter crude distillates coupled with air borne emission directives will enhance the industry growth. For instance, MARPOL, in Europe, launched international regulatory regime to restrict air borne emissions from shipping vessels. As per the regulation, maximum sulfur content in marine fuel should not exceed 0.10% by weight within the emission-controlled areas. Rapid modernization along with rising investment toward industrial sector are few factors impacting the demand for lighter petroleum products.

Growing investment toward the expansion, upgradation and refurbishment of prevailing refinery facilities will fuel the global oil refining market share. In April 2018, Saudi Aramco declared an investment worth USD 44 billion in India to establish integrated refining units and petrochemical complex in the nation.

In 2017, the oil consumption accounted for over 0.5 MBPD in Kuwait. Increasing development of petroleum fired power generation facilities and soaring investment toward integration and upgradation of existing refineries will stimulate the oil refining market growth. In 2017, the government of Kuwait proclaimed an investment of USD 17 billion to revamp and integrate Mina Abdullah and Mina Al-Ahmadi refineries.

Table of Content:

Chapter 1. Methodology & Scope

Chapter 2. Executive Summary

Chapter 3. Oil Refining Industry Insights

Chapter 4. Oil Refining Market, By Complexity

Chapter 5. Oil Refining Market, By Product

Chapter 6. Oil Refining Market, By Fuel

Chapter 7. Oil Refining Market, By Application

Chapter 8. Oil Refining Market, By Region

Chapter 9. Company Profiles

For More Details about this report: https://www.marketstudyreport.com/reports/oil-refining-market

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