• 460 upcoming crude oil refinery projects are expected to start operations from 2022 to 2026
• 118 represent new build projects and 342 are expansions of existing projects
• Predictably Asia dominates with the highest capacity additions of 7.3 mmbd by 2026. The Middle East and Africa follow with capacities of 3.8 mmbd and 3.6 mmbd, respectively
• China leads with the highest refinery capacity addition of 3.4 mmbd by 2026. Nigeria and India follow with capacities of 1.7 mmbd and 1.6 mmbd, respectively
• The Lagos I project in Nigeria with a capacity of 650 thousand barrels per day (mbd) leads in terms of refinery capacity.
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