According to a recently released research note by Jadwa Investment, Saudi Arabia will see an increase of 1.2 MBPD of new refining capacity by 2020 representing a “major investment in downstream sector.”
Jadwa’s Head of Research, Dr. Fahad Alturki notes:
“Saudi Arabia will see 1.2 million barrels per day (mbpd) of new refining capacity come online by 2020. This includes the Satorp refinery, which is already up and running, and the Yasref refinery, which will start up in Q4 2014. This major investment in downstream sector by the Kingdom coincides with a huge growth in modern refineries in countries such as India and China, which will add around 7 mbpd of highly complex capacity globally by the end of the decade. The purpose of this report is to highlight the key trends in the international refining sector and to analyze the impact of these developments on the Saudi refining sector.”
[CLICK HERE TO READ THE FULL REPORT]
Dr. Alturki recently spoke with the Saudi-US Trade Group as part of its FocusKSA online discussion series which is produced with SUSTG partner SUSRIS.com.
To hear Dr. Alturki’s comments regarding the anticipated opening in 2015 of the Saudi stock market to qualified foreign investors CLICK HERE.
To hear Dr. Alturki’s assessment of the Saudi economy CLICK HERE.
