Explanatory Notes

Selected Downstream Projects

AlgeriaIndonesiaIranIraqKuwaitNigeriaQatarSaudi ArabiaUAEVenezuela

In the period 2009-2012, additional refining capacity will be attained through several expansion projects at existing facilities. Moreover, “grassroots” condensate plants in Qatar and Iran, as well as an expansion project in Algeria, will more than triple the condensate capacity in OPEC Member Countries. Beyond 2012, the new capacity will predominantly result from the major “grassroots” refineries in the Middle East.

The cumulative investment required for the realization of projected downstream capacity in OPEC Member Countries until 2015 is estimated at around $40 billion. This is part of OPEC’s ongoing efforts to support market stability by supplying required products to consumers. The larger part of this investment is expected to take place in the period after 2011 and is related to major projects coming on stream towards the end of the forecast period.

OPEC Downstream Capacity: Existing and Projected

OPEC Downstream Expansion Plans 2009-2015