Markets

Insider Trading

Hedge Funds

Retirement

Opinion

15 Countries With The Largest Refining Capacity

In this article, we will look at the 15 countries with the largest refining capacity. If you want to explore similar countries, you can also read 5 Countries With The Largest Refining Capacity.

The refining industry is a major component of the global economy, with countries around the world processing petroleum products to generate energy and fuel. Refining capacity is an important measure of a country’s ability to produce oil and gas products, and in this article, we’ll take a look at the countries with the largest refining capacity. By examining the refining capacities of these countries, we can get an idea of how much of the world’s oil and gas is being produced, and how this production is being distributed.

Refining capacity refers to the amount of crude oil a country can process into refined products such as gasoline and diesel. The countries with the largest refining capacity have the capability to produce significant amounts of these products and play a major role in the global oil market.

According to Reports and Data, the global oil refining market was worth $1.42 trillion in 2021 and is expected to grow to $2.22 trillion by 2030, at a compound annual growth rate of 5.1% from 2022 to 2030. Some of the world’s largest oil refining companies include Exxon Mobil Corporation (NYSE:XOM), Chevron Corporation (NYSE:CVX), and Shell plc (NYSE:SHEL).

Our Methodology

To determine the top countries with the largest refining capacity, we consulted the Statistical Review of World Energy 2022 published by BP plc (NYSE:BP). BP (NYSE:BP) publishes an annual report that provides an overview of energy trends in the global energy system. It provides detailed information on energy consumption, production and trade, as well as energy prices, emissions and reserves. The report is based on a comprehensive review of energy data from countries and territories across the globe. It is one of the longest-running series of energy statistics in the world, having been published for more than 70 years.

We sifted through BP’s (NYSE:BP) annual report and studied the refining capacity section of the report. We sorted the section by refining capacity in 2021, in ascending order, and picked the top 15 names. We have ranked these countries in ascending order of their refining capacities, as reported in 2021. The refining capacities are measured in million barrels per day (mb/d).

Countries With The Largest Refining Capacity

15. Singapore

Refining Capacity: 1.46 mb/d

Singapore is one of the world’s leading refining centers and has the world’s fifteenth largest refining capacity, as of 2021. It has the capacity to process 1.46 million barrels per day of crude oil, making it a major hub for the refining of oil.

Singapore is also home to a number of major petrochemical plants, which produce a range of products including ethylene, propylene, and aromatics. These products are then used to create a range of products including lubricants, resins, and chemicals.

14. Mexico

Refining Capacity: 1.55 mb/d

Mexico is one of the largest refiners of crude oil in the world, with a total refining capacity of 1.55 million barrels per day, as of 2021. Most of Mexico’s refining capacity is used to produce gasoline and diesel fuel, as well as other petroleum products such as jet fuel and lubricants. Mexico is also a leading producer of oil and has a production capacity of 1.92 million barrels per day, as of 2021.

13. Spain

Refining Capacity: 1.58 mb/d

Spain has one of the largest oil refining capacities in the world. In 2021, the country had a total refining capacity of 1.58 million barrels per day. The country has eight major oil refineries and had a refinery throughput of 1.14 million barrels per day in 2021.

12. Italy

Refining Capacity: 1.90 mb/d

Italy has one of the largest oil refining capacities in Europe. In 2021, the country had a total refining capacity of 1.90 million barrels per day. Italy also has significant capacity to produce a variety of fuels and petrochemical products, including gasoline, diesel, jet fuel, lubricants, and petrochemicals.

11. Canada

Refining Capacity: 1.95 mb/d

Up next we have Canada. In 2021, the country had a refining capacity of 1.95 million barrels per day. The majority of Canada’s refining capacity is located in the provinces of Alberta, Ontario, and Quebec. Canada is also a major producer of oil and, in 2021, the country had a production capacity of 5.42 million barrels of oil per day. Canada has a strong refining sector and is well positioned to meet the growing global demand for refined petroleum

10. Germany

Refining Capacity: 2.12 mb/d

Germany is one of the largest refiners in the world. In 2021, the company had a total refining capacity of 2.12 million barrels of oil per day. In addition to its refining capacity, Germany also operates several petrochemical complexes, which produce a range of products including plastics, fertilizers, and fuels. Overall, Germany is an important player in the global refining industry, and its refining capacity is among the largest in the world.

9. Brazil

Refining Capacity: 2.30 mb/d

Brazil is one of the world’s leading refining countries, with a total oil refining capacity of approximately 2.30 million barrels per day, as of 2021. Brazil is also an important player in the global market for petroleum products, exporting a large amount of gasoline, diesel, and jet fuel to other countries. This is thanks to the country’s extensive refining capacity and efficient logistics infrastructure. Overall, Brazil has one of the largest refining sectors in the world, and it is a key player in the global petroleum market. Its refining capacity is expected to continue to increase in the future as the country develops its oil and gas reserves.

8. Iran

Refining Capacity: 2.50 mb/d

Up next among the countries with the largest refining capacities we have Iran. In 2021, the country had a total refining capacity of 2.50 million barrels per day. Iran is one of the largest refiners in the Middle East. In recent years, Iran has been developing its refining sector and its refining capacity is expected to continue to grow in the coming years, as the country invests heavily in modernizing its refineries and increasing capacity. This will not only help meet domestic demand, but will also enable Iran to increase its export volumes and compete more effectively in the global oil market.

7. Saudi Arabia

Refining Capacity: 2.90 mb/d

Saudi Arabia is one of the world’s largest oil exporter and has the second-largest proven crude oil reserves. The Kingdom is also home to one of the world’s largest oil refining capacity, with a total refining capacity of 2.90 million barrels per day, as of 2021. Saudi Arabia has five major refineries that are operated by Saudi Aramco (TADAWUL:2222), one of the largest oil companies in the world, by revenue. Saudi Arabia’s refining sector is the key to its success as the world’s leading oil exporter. The country’s refineries are some of the most modern and efficient refineries in the world, and they are constantly being upgraded and expanded. Saudi Aramco (TADAWUL:2222) is investing heavily in new technologies and refining capacity in order to meet the growing demand for its products.

In addition to its refining capacity, Saudi Arabia also has a large petrochemical industry. The country is home to one of the world’s largest petrochemical complexes. Saudi Aramco (TADAWUL:2222) is also investing heavily in petrochemical projects, and the company is among the largest producers of petroleum products in the world.

Overall, Saudi Arabia’s refining capacity and its petrochemical sector are two of the key reasons why the Kingdom is the world’s leading oil exporter. The country’s refineries are able to produce a wide range of refined products, and its petrochemical industry is one of the largest in the world. This means that Saudi Arabia can meet the world’s growing demand for oil and fuel, while providing high-quality products at competitive prices.

Other prominent players in the global refining industry include Exxon Mobil Corporation (NYSE:XOM), Chevron Corporation (NYSE:CVX), and Shell plc (NYSE:SHEL).

6. Japan

Refining Capacity: 3.28 mb/d

Japan is the sixthlargest refiner in the world, as of 2021, with a total refining capacity of 3.28 million barrels per day. The country‘s refining sector is highly developed and contributes significantly to the economy. In recent years, Japan has been modernizing its refining sector in order to meet the changing needs of the global market. Japan is wellpositioned to meet the demands of the global market and maintain its position as a major player in the refining sector.

Click to continue reading and see 5 Countries With The Largest Refining Capacity

Suggested articles:

Disclosure: None. 15 Countries With The Largest Refining Capacity is originally published on Insider Monkey.

AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

  • It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
  • It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
  • It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

They’re sharing it quietly, away from the cameras, to rooms full of ultra-wealthy clients.

Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

  • The AI infrastructure supercycle
  • The onshoring boom driven by Trump-era tariffs
  • A surge in U.S. LNG exports
  • And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

This isn’t a hype stock. It’s not riding on hope.

It’s delivering real cash flows, owns critical infrastructure, and holds stakes in other major growth stories.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 100+% Return within 12 to 24 months.

We’re now offering month-to-month subscriptions with no commitments.

For a ridiculously low price of just $9.99 per month, you can unlock our in-depth investment research and exclusive insights – that’s less than a single fast food meal!

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99.

2. Enjoy a month of ad-free browsing, exclusive access to our in-depth report on the Trump tariff and nuclear energy company as well as the revolutionary AI-robotics company, and the upcoming issues of our Premium Readership Newsletter.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!


No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a month later!

A New Dawn is Coming to U.S. Stocks

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…