Table5.1AssessedavailablebasecapacityasofJanuary2022mb/dSource:OPECAfricaEuropeDistillationCrudeoil(atmospheric)19.87.73.815.37.6Vacuum8.93.40.96.63.1UpgradingCoking2.80.80.10.80.5CatalyticCracking5.61.60.22.20.9HydroCracking2.50.20.22.30.8Visbreaking0.10.40.21.40.7SolventDeasphalting0.40.10.00.20.0OctaneunitsReforming3.70.60.52.40.8Isomerization0.80.10.10.60.3Alkylation1.20.20.00.20.1Polymerization0.10.00.00.10.0MTBE/ETBE0.00.00.00.10.0DesulphurizationNaphtha4.70.80.53.01.0Gasoline2.80.50.10.70.3Middledistillates6.52.40.85.82.4Heavyoil/Residualfuel3.20.40.01.80.3Sulphur(shorttons/day)42,3067,2423,75719,9127,818Hydrogen(millionscf/d)6,3701,2213975,0112,033Totalsmaynotaddupduetorounding.©2022OrganizationofthePetroleumExportingCountriesUS&CanadaLatinAmericaRussia&CaspianDisclaimer:Thedata,analysisandanyotherinformation(the“information”)containedintheWorldOilOutlookisforinformatobeabenchmarkorinputdatatoabenchmarkofanykind.Whilstreasonableeffortshavebeenmadetoensuretheaccuraccomprehensiveness,andassumesnoliabilityorresponsibilityforanyinaccuracy,errororomission,orforanylossordamageTheviewsexpressedintheWorldOilOutlookarethoseoftheOPECSecretariatanddonotnecessarilyreflecttheviewsofitspresentationofdataandothermaterials,donotimplytheexpressionofanyopinionwhatsoeveronthepartofOPECand/orirefining,marketingandutilizationofitspetroleumorotherenergyresources.NothingintheWorldOilOutlookshallbeconstrprobativelegalvalueinanyproceedings.MiddleEastChinaWorld10.417.619.2101.53.07.06.039.00.42.21.18.91.14.23.619.50.92.41.711.00.60.20.64.00.20.20.21.21.42.23.014.60.50.20.43.00.10.20.42.50.00.00.00.10.00.30.10.62.12.33.217.50.41.51.47.73.14.77.032.70.71.13.110.714,31820,55839,453155,3643,2816,7016,46531,480OtherAsia-PacificheWorldOilOutlookisforinformationalpurposesonlyandisneitherintendedasasubstituteforadvicefrombusiness,finance,investmenbeenmadetoensuretheaccuracyoftheinformationcontainedintheWorldOilOutlook,theOPECSecretariatmakesnowarrantiesorrmission,orforanylossordamagearisinginconnectionwithorattributabletoanyactionordecisiontakenasaresultofusingorrelyingonnecessarilyreflecttheviewsofitsgoverningbodiesand/orindividualOPECMemberCountries.ThedesignationofgeographicalentitiesinoeveronthepartofOPECand/oritsMemberCountriesconcerningthelegalstatusofanycountry,territoryorarea,orofitsauthorities,oeWorldOilOutlookshallbeconstruedasinterpretingormodifyinganylegalobligationsunderanyagreement,treaty,laworothertexts;ombusiness,finance,investmentconsultantorotherprofessional;norismeantariatmakesnowarrantiesorrepresentationsastoitsaccuracy,relevanceorsaresultofusingorrelyingontheinformationintheWorldOilOutlook.tionofgeographicalentitiesintheWorldOilOutlook,andtheuseandorarea,orofitsauthorities,orconcerningtheexploration,exploitation,nt,treaty,laworothertexts;orexpressinganylegalopinionsorhavingTable5.2Medium-termdistillationcapacityadditionsfromexistingprojectsbyregionmb/d,%Source:OPECAfricaEuropeChina20220.00.00.10.00.01.00.720230.20.00.60.00.00.30.120240.10.00.10.00.00.10.420250.10.10.10.00.10.10.220260.00.10.10.00.00.10.120270.00.10.10.00.00.10.02022-20270.40.31.20.00.21.61.5Share5.1%4.1%16.4%0.4%2.9%22.1%20.7%Totalsmaynotaddupduetorounding.©2022OrganizationofthePetroleumExportingCountriesUS&CanadaLatinAmericaRussia&CaspianMiddleEastDisclaimer:Thedata,analysisandanyotherinformation(the“information”)containedintheWorldOilOutlookisforinformaprofessional;norismeanttobeabenchmarkorinputdatatoabenchmarkofanykind.Whilstreasonableeffortshavebeenmrepresentationsastoitsaccuracy,relevanceorcomprehensiveness,andassumesnoliabilityorresponsibilityforanyinaccurausingorrelyingontheinformationintheWorldOilOutlook.TheviewsexpressedintheWorldOilOutlookarethoseoftheOPECSecretariatanddonotnecessarilyreflecttheviewsofitsuseandpresentationofdataandothermaterials,donotimplytheexpressionofanyopinionwhatsoeveronthepartofOPECexploration,exploitation,refining,marketingandutilizationofitspetroleumorotherenergyresources.NothingintheWorldOexpressinganylegalopinionsorhavingprobativelegalvalueinanyproceedings.World0.22.10.11.30.31.10.41.10.61.00.50.82.17.328.4%100.0%OtherAsia-PacificilOutlookisforinformationalpurposesonlyandisneitherintendedasasubstituteforadvicefrombusiness,finance,investmentconsultaableeffortshavebeenmadetoensuretheaccuracyoftheinformationcontainedintheWorldOilOutlook,theOPECSecretariatmakesnonsibilityforanyinaccuracy,errororomission,orforanylossordamagearisinginconnectionwithorattributabletoanyactionordecisionyreflecttheviewsofitsgoverningbodiesand/orindividualOPECMemberCountries.ThedesignationofgeographicalentitiesintheWorldveronthepartofOPECand/oritsMemberCountriesconcerningthelegalstatusofanycountry,territoryorarea,orofitsauthorities,orcs.NothingintheWorldOilOutlookshallbeconstruedasinterpretingormodifyinganylegalobligationsunderanyagreement,treaty,lawess,finance,investmentconsultantorotherk,theOPECSecretariatmakesnowarrantiesorbutabletoanyactionordecisiontakenasaresultofeographicalentitiesintheWorldOilOutlook,andtheorarea,orofitsauthorities,orconcerningthenderanyagreement,treaty,laworothertexts;orTable5.3Refinerydistillationcapacityadditionsbyperiodmb/dSource:OPECFirmprojectsexcludeadditionsresultingfromcapacitycreepDistillationcapacityadditionsstarting2022AssessedprojectsNewUnitsTotal2022-20255.50.25.72025-20301.82.54.32030-20350.02.92.92035-20400.01.91.92040-20450.00.70.7CumulativedistillationcapacityadditionsAssessedprojectsNewUnitsTotal2022-20255.50.25.72022-20307.32.810.02022-20357.35.612.92022-20407.37.614.82022-20457.38.315.5Totalsmaynotaddupduetorounding.©2022OrganizationofthePetroleumExportingCountriesDisclaimer:Thedata,analysisandanyotherinformation(the“information”)containedintheWorldOilOutlookisforinformadatatoabenchmarkofanykind.Whilstreasonableeffortshavebeenmadetoensuretheaccuracyoftheinformationcontainresponsibilityforanyinaccuracy,errororomission,orforanylossordamagearisinginconnectionwithorattributabletoanyTheviewsexpressedintheWorldOilOutlookarethoseoftheOPECSecretariatanddonotnecessarilyreflecttheviewsofitsmaterials,donotimplytheexpressionofanyopinionwhatsoeveronthepartofOPECand/oritsMemberCountriesconcerninenergyresources.NothingintheWorldOilOutlookshallbeconstruedasinterpretingormodifyinganylegalobligationsunderrting2022Annualized1.40.90.60.40.1additionsAnnualized1.41.10.90.80.6ainedintheWorldOilOutlookisforinformationalpurposesonlyandisneitherintendedasasubstituteforadvicefrombusiness,finance,suretheaccuracyoftheinformationcontainedintheWorldOilOutlook,theOPECSecretariatmakesnowarrantiesorrepresentationsasnginconnectionwithorattributabletoanyactionordecisiontakenasaresultofusingorrelyingontheinformationintheWorldOilOutlnddonotnecessarilyreflecttheviewsofitsgoverningbodiesand/orindividualOPECMemberCountries.ThedesignationofgeographicalPECand/oritsMemberCountriesconcerningthelegalstatusofanycountry,territoryorarea,orofitsauthorities,orconcerningtheexpltingormodifyinganylegalobligationsunderanyagreement,treaty,laworothertexts;orexpressinganylegalopinionsorhavingprobativcefrombusiness,finance,investmentconsultantorotherprofessional;norismeanttobeabenchmarkorinputtiesorrepresentationsastoitsaccuracy,relevanceorcomprehensiveness,andassumesnoliabilityorationintheWorldOilOutlook.esignationofgeographicalentitiesintheWorldOilOutlook,andtheuseandpresentationofdataandotheres,orconcerningtheexploration,exploitation,refining,marketingandutilizationofitspetroleumorotheropinionsorhavingprobativelegalvalueinanyproceedings.Table5.4Crudeunitthroughputsandutilisationrates,2021-2045mb/d,%Source:OPECAfricaEuropeChina202117.04.21.811.37.07.114.1202517.95.22.811.96.68.715.0203017.75.33.710.96.49.015.3203517.05.43.810.76.19.515.6204016.85.64.29.76.09.815.5204515.85.84.88.95.810.315.4AfricaEuropeChina202182.655.948.670.592.169.782.9202588.766.262.582.384.673.579.8203087.866.369.476.182.274.476.1203583.766.565.074.877.375.377.6204082.667.665.067.775.877.176.6204577.869.370.361.973.480.476.0Totalsmaynotaddupduetorounding.©2022OrganizationofthePetroleumExportingCountriesTotalcrudeunitthroughputs(mb/d)US&CanadaLatinAmericaRussia&CaspianMiddleEastCrudeunitutilizations(%ofcalendardaycapacity)US&CanadaLatinAmericaRussia&CaspianMiddleEastDisclaimer:Thedata,analysisandanyotherinformation(the“information”)containedintheWorldOilOutlookisforinformaprofessional;norismeanttobeabenchmarkorinputdatatoabenchmarkofanykind.Whilstreasonableeffortshavebeenmorrepresentationsastoitsaccuracy,relevanceorcomprehensiveness,andassumesnoliabilityorresponsibilityforanyinaccuresultofusingorrelyingontheinformationintheWorldOilOutlook.TheviewsexpressedintheWorldOilOutlookarethoseoftheOPECSecretariatanddonotnecessarilyreflecttheviewsofitsandtheuseandpresentationofdataandothermaterials,donotimplytheexpressionofanyopinionwhatsoeveronthepartconcerningtheexploration,exploitation,refining,marketingandutilizationofitspetroleumorotherenergyresources.Nothinlaworothertexts;orexpressinganylegalopinionsorhavingprobativelegalvalueinanyproceedings.Global15.478.017.485.417.886.118.286.418.886.319.486.2Global79.976.487.681.283.178.879.877.078.975.781.075.1OtherAsia-Pacificty)OtherAsia-PacificeWorldOilOutlookisforinformationalpurposesonlyandisneitherintendedasasubstituteforadvicefrombusiness,finance,investmenstreasonableeffortshavebeenmadetoensuretheaccuracyoftheinformationcontainedintheWorldOilOutlook,theOPECSecretariatityorresponsibilityforanyinaccuracy,errororomission,orforanylossordamagearisinginconnectionwithorattributabletoanyactionecessarilyreflecttheviewsofitsgoverningbodiesand/orindividualOPECMemberCountries.ThedesignationofgeographicalentitiesinyopinionwhatsoeveronthepartofOPECand/oritsMemberCountriesconcerningthelegalstatusofanycountry,territoryorarea,orofiorotherenergyresources.NothingintheWorldOilOutlookshallbeconstruedasinterpretingormodifyinganylegalobligationsunderanceedings.rombusiness,finance,investmentconsultantorotherOilOutlook,theOPECSecretariatmakesnowarrantieswithorattributabletoanyactionordecisiontakenasanationofgeographicalentitiesintheWorldOilOutlook,ycountry,territoryorarea,orofitsauthorities,ornganylegalobligationsunderanyagreement,treaty,Table5.5Netrefineryclosuresbyregion,recentandprojectedmb/dSource:OPEC202020212022202320242025US&Canada1.20.60.40.00.40.00.0LatinAmerica0.30.00.00.00.00.00.1Europe1.70.20.40.50.20.00.3Russia&Caspian0.20.00.00.00.00.00.0Africa0.10.00.10.20.20.00.0MiddleEast0.80.00.00.10.00.00.0Asia-Pacific1.70.60.60.50.00.00.0Total6.01.41.61.30.80.00.3Totalsmaynotaddupduetorounding.©2022OrganizationofthePetroleumExportingCountriesTotal2012-2019Disclaimer:Thedata,analysisandanyotherinformation(the“information”)containedintheWorldOilOutlookisforinformanorismeanttobeabenchmarkorinputdatatoabenchmarkofanykind.Whilstreasonableeffortshavebeenmadetoensuraccuracy,relevanceorcomprehensiveness,andassumesnoliabilityorresponsibilityforanyinaccuracy,errororomission,orfinformationintheWorldOilOutlook.TheviewsexpressedintheWorldOilOutlookarethoseoftheOPECSecretariatanddonotnecessarilyreflecttheviewsofitsandpresentationofdataandothermaterials,donotimplytheexpressionofanyopinionwhatsoeveronthepartofOPECandexploitation,refining,marketingandutilizationofitspetroleumorotherenergyresources.NothingintheWorldOilOutlooksopinionsorhavingprobativelegalvalueinanyproceedings.202620270.00.01.40.00.00.10.10.01.70.00.00.00.00.00.50.00.00.10.00.01.80.20.05.6Total2020-2027orldOilOutlookisforinformationalpurposesonlyandisneitherintendedasasubstituteforadvicefrombusiness,finance,investmentcoortshavebeenmadetoensuretheaccuracyoftheinformationcontainedintheWorldOilOutlook,theOPECSecretariatmakesnowarranccuracy,errororomission,orforanylossordamagearisinginconnectionwithorattributabletoanyactionordecisiontakenasaresultossarilyreflecttheviewsofitsgoverningbodiesand/orindividualOPECMemberCountries.ThedesignationofgeographicalentitiesintheoeveronthepartofOPECand/oritsMemberCountriesconcerningthelegalstatusofanycountry,territoryorarea,orofitsauthorities,oingintheWorldOilOutlookshallbeconstruedasinterpretingormodifyinganylegalobligationsunderanyagreement,treaty,laworothes,finance,investmentconsultantorotherprofessional;retariatmakesnowarrantiesorrepresentationsastoitsisiontakenasaresultofusingorrelyingontheographicalentitiesintheWorldOilOutlook,andtheuseea,orofitsauthorities,orconcerningtheexploration,ment,treaty,laworothertexts;orexpressinganylegalTable5.6Secondarycapacityadditionsfromexistingprojects,2022–2027mb/dSource:OPECDesulphurizationcapacityinthistableincludesnaphthadesulphurization.ByyearConversionDesulphurizationOctaneunits20221.32.20.720230.81.20.320240.50.70.220250.50.60.220260.40.60.220270.40.50.2ByregionConversionDesulphurizationOctaneunitsUS&Canada0.00.20.0LatinAmerica0.20.30.1Africa0.60.80.3Europe0.10.10.0Russia&Caspian0.60.40.1MiddleEast0.42.10.5China1.10.90.5OtherAsia0.81.00.3World3.85.81.8Totalsmaynotaddupduetorounding.©2022OrganizationofthePetroleumExportingCountriesDisclaimer:Thedata,analysisandanyotherinformation(the“information”)containedintheWorldOilOutlookisforinformameanttobeabenchmarkorinputdatatoabenchmarkofanykind.Whilstreasonableeffortshavebeenmadetoensurethearelevanceorcomprehensiveness,andassumesnoliabilityorresponsibilityforanyinaccuracy,errororomission,orforanylosOilOutlook.TheviewsexpressedintheWorldOilOutlookarethoseoftheOPECSecretariatanddonotnecessarilyreflecttheviewsofitspresentationofdataandothermaterials,donotimplytheexpressionofanyopinionwhatsoeveronthepartofOPECand/orirefining,marketingandutilizationofitspetroleumorotherenergyresources.NothingintheWorldOilOutlookshallbeconstrprobativelegalvalueinanyproceedings.WorldOilOutlookisforinformationalpurposesonlyandisneitherintendedasasubstituteforadvicefrombusiness,finance,investmenthavebeenmadetoensuretheaccuracyoftheinformationcontainedintheWorldOilOutlook,theOPECSecretariatmakesnowarrantieserrororomission,orforanylossordamagearisinginconnectionwithorattributabletoanyactionordecisiontakenasaresultofusingocessarilyreflecttheviewsofitsgoverningbodiesand/orindividualOPECMemberCountries.ThedesignationofgeographicalentitiesinthveronthepartofOPECand/oritsMemberCountriesconcerningthelegalstatusofanycountry,territoryorarea,orofitsauthorities,orcWorldOilOutlookshallbeconstruedasinterpretingormodifyinganylegalobligationsunderanyagreement,treaty,laworothertexts;oreess,finance,investmentconsultantorotherprofessional;norisiatmakesnowarrantiesorrepresentationsastoitsaccuracy,kenasaresultofusingorrelyingontheinformationintheWorldeographicalentitiesintheWorldOilOutlook,andtheuseandorofitsauthorities,orconcerningtheexploration,exploitation,y,laworothertexts;orexpressinganylegalopinionsorhavingTable5.7Globalcapacityrequirementsbyprocess,2022-2045mb/dSource:OPECExistingprojectsexcludeadditionsresultingfromcapacitycreep.NaphthadesulphurisationnotincludedNewunitsonly(excludesanyrevamping)Additionalrequirements2027-20352035-2045Crudedistillation7.35.62.615.5Conversion3.82.21.98.0Coking/Visbreaking0.90.70.62.1Catalyticcracking0.90.60.72.3Hydro-cracking2.01.00.63.6Desulphurization4.47.34.115.8Gasoline0.61.60.82.9Distillate2.85.12.410.4VGO/Resid0.90.70.92.5Octaneunits1.82.11.75.7Catalyticreforming1.20.81.23.2Alkylation0.21.20.31.7Isomerization0.40.00.00.4MTBE0.10.10.20.3Totalsmaynotaddupduetorounding.©2022OrganizationofthePetroleumExportingCountriesExistingprojectsto2027Totaladditionsto2045Disclaimer:Thedata,analysisandanyotherinformation(the“information”)containedintheWorldOilOutlookisforinformabenchmarkorinputdatatoabenchmarkofanykind.Whilstreasonableeffortshavebeenmadetoensuretheaccuracyoftheandassumesnoliabilityorresponsibilityforanyinaccuracy,errororomission,orforanylossordamagearisinginconnectionTheviewsexpressedintheWorldOilOutlookarethoseoftheOPECSecretariatanddonotnecessarilyreflecttheviewsofitsandothermaterials,donotimplytheexpressionofanyopinionwhatsoeveronthepartofOPECand/oritsMemberCountriespetroleumorotherenergyresources.NothingintheWorldOilOutlookshallbeconstruedasinterpretingormodifyinganylegOilOutlookisforinformationalpurposesonlyandisneitherintendedasasubstituteforadvicefrombusiness,finance,investmentconsulnsuretheaccuracyoftheinformationcontainedintheWorldOilOutlook,theOPECSecretariatmakesnowarrantiesorrepresentationsaagearisinginconnectionwithorattributabletoanyactionordecisiontakenasaresultofusingorrelyingontheinformationintheWorldilyreflecttheviewsofitsgoverningbodiesand/orindividualOPECMemberCountries.ThedesignationofgeographicalentitiesintheWor/oritsMemberCountriesconcerningthelegalstatusofanycountry,territoryorarea,orofitsauthorities,orconcerningtheexploration,etingormodifyinganylegalobligationsunderanyagreement,treaty,laworothertexts;orexpressinganylegalopinionsorhavingprobatiance,investmentconsultantorotherprofessional;norismeanttobeatiesorrepresentationsastoitsaccuracy,relevanceorcomprehensiveness,nformationintheWorldOilOutlook.phicalentitiesintheWorldOilOutlook,andtheuseandpresentationofdatacerningtheexploration,exploitation,refining,marketingandutilizationofitspinionsorhavingprobativelegalvalueinanyproceedings.Table5.8Globalcumulativepotentialforincrementalproductoutput,2022-2027mb/dSource:OPECBasedonassumed90%utilizationratesforthenewunitsGasoline/NaphthaMiddledistillatesFueloilOtherproducts20220.30.60.10.420230.71.30.20.820241.01.70.11.220251.32.20.21.420261.62.60.21.620271.92.90.21.827%43%3%27%Totalsmaynotaddupduetorounding.©2022OrganizationofthePetroleumExportingCountriesDisclaimer:Thedata,analysisandanyotherinformation(the“information”)containedintheWorldOilOutlookisforinformabenchmarkorinputdatatoabenchmarkofanykind.Whilstreasonableeffortshavebeenmadetoensuretheaccuracyofthecomprehensiveness,andassumesnoliabilityorresponsibilityforanyinaccuracy,errororomission,orforanylossordamageTheviewsexpressedintheWorldOilOutlookarethoseoftheOPECSecretariatanddonotnecessarilyreflecttheviewsofitsdataandothermaterials,donotimplytheexpressionofanyopinionwhatsoeveronthepartofOPECand/oritsMemberCounutilizationofitspetroleumorotherenergyresources.NothingintheWorldOilOutlookshallbeconstruedasinterpretingormproceedings.Total1.43.04.15.06.06.8100%orldOilOutlookisforinformationalpurposesonlyandisneitherintendedasasubstituteforadvicefrombusiness,finance,investmentcoetoensuretheaccuracyoftheinformationcontainedintheWorldOilOutlook,theOPECSecretariatmakesnowarrantiesorrepresentatioon,orforanylossordamagearisinginconnectionwithorattributabletoanyactionordecisiontakenasaresultofusingorrelyingontheessarilyreflecttheviewsofitsgoverningbodiesand/orindividualOPECMemberCountries.ThedesignationofgeographicalentitiesintheOPECand/oritsMemberCountriesconcerningthelegalstatusofanycountry,territoryorarea,orofitsauthorities,orconcerningtheexpconstruedasinterpretingormodifyinganylegalobligationsunderanyagreement,treaty,laworothertexts;orexpressinganylegalopiniess,finance,investmentconsultantorotherprofessional;norismeanttobeawarrantiesorrepresentationsastoitsaccuracy,relevanceorltofusingorrelyingontheinformationintheWorldOilOutlook.geographicalentitiesintheWorldOilOutlook,andtheuseandpresentationofities,orconcerningtheexploration,exploitation,refining,marketingandexpressinganylegalopinionsorhavingprobativelegalvalueinany