Largest global oil refineries by capacity 2023

Located in India, the Reliance Industries-owned Jamnagar Refinery is the largest oil refinery in the world. As of April 2023, the Jamnagar Refinery held a capacity of 1.24 million barrels per day, topping refineries, such as the SK Energy Co. refinery in Ulsan, South Korea and the Paraguana Refinery Complex.

Reliance Industries

Reliance Industries Limited is an Indian multinational corporation headquartered in Mumbai. The value of the Reliance Industries Limited brand stood at about 8.6 billion U.S. dollars in 2022, making it one of the leading Indian brands of that year, alongside companies, such as Tata and LIC. Reliance Industries’ turnover amounted to approximately 7.9 trillion Indian rupees in the fiscal year 2022.

Oil refineries on a global scale

Crude oil is processed in oil refineries where it is turned into products such as motor fuel and heating oil. The total global refinery capacity for crude oil stood at roughly 101.9 million barrels per day in 2021. Global refinery capacity has almost doubled since 1970. Next to India, the countries with the largest oil refinery capacity included the United States and China, with the latter having significantly build up its capacity volume in the past decade.