BAKU, Azerbaijan, June 17
By Leman Zeynalova – Trend:
Refinery throughput in Azerbaijan rose by 1.8 percent in 2019 year-on-year, from 122,000 barrels daily to 124,000 barrels daily, Trend reports with reference to BP’s Statistical Review of World Energy.
The dynamics of daily refinery throughput in the country from 2009 to 2017 is as follows:
121,000 barrels in 2009, 124,000 barrels in 2010, 127,000 barrels in 2011, 124,000 barrels in 2012, 132,000 barrels in 2013, 135,000 barrels in 2014, 130,000 barrels in 2015, 120,000 barrels in 2016 and 118,000 barrels in 2017.
The country’s share of refinery throughput in the world is 0.1 percent.
Oil refining capacity of Azerbaijan stood at 120,000 barrels daily in 2019, unchanged from 2018.
Azerbaijan’s share in global oil refining capacity equaled to 0.1 percent.
The country’s oil refining capacity totaled 205,000 barrels daily from 2009 to 2017 each year.
Refinery throughput barely grew at the global level (30,000 b/d), held back by a slowing in oil consumption growth and robust growth in NGLs supplies. China was again the exception, with its crude runs growing by a record high of 950,000 b/d as new refineries ramped up. Throughput declined in most other regions, in particular the US (-400,000 b/d) and South & Central America (-300,000 b/d), with the latter region posting its sixth consecutive annual decline.
Refining capacity rose by 1.5 million b/d, the largest increase since 2009. Growth was driven by additions in China (540,000 b/d) the Middle East (310,000 b/d) and the US (210,000 b/d) as well as by a record low level of refinery closures.
Global refinery utilization fell sharply, dropping by 1.2 percentage points to 82.5 percent, the largest annual decline since 2009. Refining margins were slightly lower, with the average of the three region margins tracked in this book (US Gulf Coast, Northwest Europe and Singapore) falling from $5.4/bbl in 2018 to $4.7/bbl.
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