Oct 3, 2023, 10:43 AM IST
Crude oil refinery capacity worldwide by major countries (in million barrels per day)
As of 2021, it was the world's sixth-largest refiner, with a total refining capacity of 3.28 million barrels per day. The country's refining sector is well developed and makes major contributions to the economy.
Having a total refining capacity of roughly 3.6 million barrels per day, South Korea manufactures a diverse spectrum of petrochemicals, ranging from fuel oils to lubricants.
With a refining capacity of 5.01 million barrels per day, India is actively seeking to expand its crude oil refining capacity.
Russia produces 6.86 million barrels per day. It is the world's third-largest refining country. Russia is also a significant oil exporter.
With a total capacity of 16.99 million barrels per day, China's refining industry has risen to become one of the most efficient in the world.
With a refining capacity of 17.94 million barrels per day, the US accounts for 20% of the world's total refining capacity. The US has a huge and diverse refining capability that can process a wide range of crude oils.