Might as well kill Canada’s oil industry,
It’s in a desolate corner of Saudi Arabia… 50 miles from the nearest town… surrounded by sand… tormented by dust storms… baked by some of the hottest temperatures on the planet…
It just opened for business.
The Jazan project is a project to build the world’s largest gas-fired power plant next to a mega oil refinery beside a monster petrochemical plant… all nestled up against an export terminal for super tankers.
When fully operational, this plant will process about 6% of Saudi Arabia’s crude oil production.
(It will turn Saudi Arabia’s heavy crude oil into environmentally friendly ultra-low sulfur diesel fuels, jet fuels, etc., which it will export.)
the Al-Zour refinery in Kuwait. Like Jazan, it's also a power plant, refinery, and port rolled into one… except this one’s even bigger than the Jazan project… by about 50%.
It’s going to be one of the largest refineries in the world when it’s complete, which should be in 2024.
And they aren’t just building refineries in the Middle East. China is getting into the refinery game in a big way, too…
China currently has at least four new mega projects under construction and many existing projects are being expanded.
According to World Oil Magazine, in 2021, China will overtake the USA as the world's largest refiner of crude oil.
Finally, India, the world’s third largest importer of crude oil, is also ramping up refinery capacity.
India is hoping to increase the size of its refining industry by 77% by 2030. And it just announced a big project… a giant refinery and petrochemical project in the state of Maharashtra.
At an estimated cost of $60 billion, this Saudi-owned project is going to be the world’s largest and most expensive refinery when it’s completed in six years…
It’s in a desolate corner of Saudi Arabia… 50 miles from the nearest town… surrounded by sand… tormented by dust storms… baked by some of the hottest temperatures on the planet…
It just opened for business.
The Jazan project is a project to build the world’s largest gas-fired power plant next to a mega oil refinery beside a monster petrochemical plant… all nestled up against an export terminal for super tankers.
When fully operational, this plant will process about 6% of Saudi Arabia’s crude oil production.
(It will turn Saudi Arabia’s heavy crude oil into environmentally friendly ultra-low sulfur diesel fuels, jet fuels, etc., which it will export.)
the Al-Zour refinery in Kuwait. Like Jazan, it's also a power plant, refinery, and port rolled into one… except this one’s even bigger than the Jazan project… by about 50%.
It’s going to be one of the largest refineries in the world when it’s complete, which should be in 2024.
And they aren’t just building refineries in the Middle East. China is getting into the refinery game in a big way, too…
China currently has at least four new mega projects under construction and many existing projects are being expanded.
According to World Oil Magazine, in 2021, China will overtake the USA as the world's largest refiner of crude oil.
Finally, India, the world’s third largest importer of crude oil, is also ramping up refinery capacity.
India is hoping to increase the size of its refining industry by 77% by 2030. And it just announced a big project… a giant refinery and petrochemical project in the state of Maharashtra.
At an estimated cost of $60 billion, this Saudi-owned project is going to be the world’s largest and most expensive refinery when it’s completed in six years…
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