The United States Dominates Global Crude Oil Refining Capacity

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Yosepha Pusparisa 29/06/2020 15:37 WIB

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The United States has the world's largest crude oil processing capacity, reaching 19,738 KBPD. In contrast, Indonesia can only produce 1,150 KBPD.

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The United States Dominates Global Crude Oil Refining Capacity

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Global Crude Oil Processing Capacity

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The world's largest crude oil processing capacity is in the United States. The U.S. has a crude oil processing capacity of up to 19,738 thousand barrels per day (KBPD). China follows closely behind with a capacity of 18,593 KBPD.

Meanwhile, Indonesia's crude oil processing capacity is still low compared to other countries. Indonesia can process 1,150 KBPD of crude oil. It is therefore not surprising that Indonesia still relies on the import of fuel products, reaching 394 KBPD. A fuel product is defined as gasoline, diesel, and jet/kerosene.

Processing crude oil requires thorough preparation. The refinery and petrochemical business is very high-risk and capital-intensive. Furthermore, processing requires advanced technology, not to mention the lengthy construction period (5-10 years) for refineries.

Editor : Safrezi Fitra

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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The United States Dominates Global Crude Oil Refining Capacity

The United States Dominates Global Crude Oil Refining Capacity

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The United States Dominates Global Crude Oil Refining Capacity

The United States Dominates Global Crude Oil Refining Capacity

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