With its strategic location, long-term supply security and rapidly improving infrastructure, Saudi Arabian refining represents a huge investment opportunity.
Strong global demand
The forecast is very favorable for crude oil refining. The global demand for refined petroleum products is expected to remain very strong, driven by rapid and resilient growth in emerging markets. Meanwhile, tight capacity worldwide has elevated utilization rates and pushed margins to historic highs. In fact, refinery utilization rates are forecast to exceed 86% by 2010 with demand at 93 million bpd and set to double by 2030.