REGIONAL

OPEC’s MENA members expanded their crude distillation unit (CDU) capacity by 6.8% to 7.863mn b/d last year. This compares with a total OPEC refining capacity expansion of 4.9%, which increased OPEC’s share of global capacity to 11.0% from 10.5%, according to the organization’s newly released Annual Statistical Bulletin 2014.

The data includes the first of the Gulf mega-refineries to be completed: the 400,000 b/d Satorp joint venture of Saudi Aramco and...