World refinery capacity expanded by 104,000 barrels per calendar day (b/cd) to stand at 96.93 million b/cd in 2017, OPEC said on Thursday.
According to OPEC's Annual Statistical Bulletin 2018, the result is mainly supported by additions in the Asia and Pacific region, particularly China and India.
In addition, global refinery throughput ramped up by 1.6 percent to reach 83.7 million barrels per day in 2017, with the largest gains in the Asia and Pacific region and North America.
Last year, total world proven natural gas reserves rose by 0.2 percent to approximately 199.4 trillion standard cubic meters.
Proven natural gas reserves in OPEC member countries stood at 95.95 trillion standard cubic meters, unchanged from the level of the previous year.
This year’s bulletin provides updated statistical data on the oil and natural gas activities of each of OPEC’s 14 member countries: Algeria, Angola, Ecuador, Equatorial Guinea, Gabon, Islamic Republic of Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United Arab Emirates and Venezuela.
By Gulsen Cagatay