South East Asia will Increase its Share in the Asia-Pacific Refining Market

Friday 14 October 2011, Amsterdam

The South East Asia refining market is expected to increase its share in the Asia-Pacific refining market. In 2010, the share of South East Asia in the Asia-Pacific refining market was 15.5%. With the increasing demand for refined petroleum products in the domestic and international markets, the South East Asia region has planned to increase its refining capacity to meet the demand. Consequently, the region's share in the Asia-Pacific market is expected to increase to 17.5% by 2015.


Indonesia to Lead Growth of Oil Refining Capacity in South East Asia

The refining capacity in South East Asia is expected to increase by 79.1 million metric tons per annum (MMtpa) during 2010-2015. The growth in the refining industry will be anchored by Indonesia during this period. Indonesia is expected to account for 56% of the refining capacity additions for 2010-2015. The increase in demand for refined products in the domestic market is responsible for the capacity additions in South East Asia. Vietnam, Malaysia and Brunei are expected to individually contribute more than 10% of the refining capacity additions. The refining capacities in Singapore and Philippines are expected to remain unchanged during 2010-2015.

National Oil Companies (NOCs) to Account for Two-Fifths of South East Asian Refining Capacity by 2015
NOCs have a significant role in the South East Asia oil refining market. With no super-major companies planning refining capacity expansions in the region, it becomes imperative for NOCs to enhance their refining capacities. In 2010, International Oil Companies (IOCs) had a 42.5% share of the region's refining market. By 2015, the share of IOCs will reduce to 28.0%. NOCs will grow to have a 40% share of the oil refining capacity in the region, and companies other than IOCs and NOCs will see their collective capacity share increase from 20% in 2010 to 32% in 2015. The significant presence of other companies in the market shows the competitive nature of the refining market.


Prominence of Cracking Refineries Will Help in Meeting Light Fuel Demand

Global demand for gasoline, diesel and other light fuel has risen considerably over the last few years and Asia-Pacific has been at the center stage of the increased consumption of refined petroleum products. Light fuel demand in South East Asia can be met through increasing the number of cracking processing units in the region. In 2010, about 82% of the refineries in South East Asia had cracking processing units. Cracking refineries will help to produce significant commercial products such as gasoline, diesel, kerosene and jet fuel.



About the market research:
"Oil Refining Industry in South East Asia, 2011 - Market Analysis, Competitive Scenario and Capacity Forecasts to 2015", is the latest report published on ASDReports.co. The report analyzes the oil refining industry in South East Asia and provides information about South East Asia's oil refinery market until 2015. The report provides information on key oil refinery projects and key companies in all seven countries in the region. The report also provides key trends and issues in the refining industry. The report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GlobalData's team of industry experts.