The offers that appear in this table are from partnerships from which Investopedia receives compensation. The refining complex is located at Paraguaná Peninsula in Falcón state and the western coast of Lake Maracaibo in the Zulia state.It was established in 1949. WEEKLY NEWSLETTER SIGN-UPEnergy news, site updates, oil prices and what’s moving world oil markets, delivered to your inbox every weekend: Get access to our entire database of commodity prices, energy statistics and oil sands data. The Irving Oil Refinery in Saint John is the largest in Canada. Texas accounts for about a quarter of the country’s refinery capacit… Paraguana refinery is the second largest oil refinery in the world, with a processing capacity of 955,000bpd. Rob Beebe, who lives near the refinery, told Radio Canada he felt his house shake, followed by a blast. The company also owns regulated natural gas storage facilities and power generation facilities. The explosion happened because of a malfunction in the diesel refining section of the Irving Oil refinery in St John’s, New Brunswick, said company executive Kevin Scott. The company is engaged in the exploration, acquisition, development, production, refining, transportation, and marketing of crude oil. The United States possesses the biggest refinery capacity in the world with 139 operating refineries as of January 2013. 11. The unit in Ulsan is the second largest oil refinery company. "Financial Data," Accessed Mar. It produces synthetic crude oil, light and medium crude oil, bitumen, primary heavy crude oil, and Pelican Lake heavy crude oil. Massive 'bed-shaking' explosion at Canada's largest oil refinery - which is a major supplier to the US - sends flames and clouds of smoke billowing 100-FEET into the sky The Irving refinery is unique compared with other refineries because it is a family-owned operation with no crude oil production, and a refining and marketing arm. Daily Production (In Barrels): 1,120,000 Location: Ulsan, South Korea. Jamnagar Refinery in India is the World’s largest oil refinery, with 1.2 million barrels per day of output Capacity. more. These include white papers, government data, original reporting, and interviews with industry experts. List of Major Oil Refineries in the World. An integrated oil and gas company is a business entity that engages in the exploration, production, refinement, and distribution of oil and gas. Canada’s largest refinery will discuss its plans “for returning to full turnaround mode” later this evening, Irving Oil announced late on Tuesday morning. This is the 3rd largest American oil refinery and the 10th largest oil refineries in the world. Suncor shelves Montreal coker project, in lieu of more barrels at Firebag, Alberta says yes to plastics, but no thanks to partial upgrading and oil refining, Imperial books a profit on its refining business, as upstream operations struggle to break-even, From upgrader to refinery to partial-upgrader: Value Creation hopes to revive Heartland Complex, Husky looks to sell BC refinery and exit the retail business, Alberta's NDP government takes another stab at boosting refining capacity, Discounts on Canadian crude finally start to narrow as Midwest refineries re-open for business, China offers support for new Edmonton refinery, Expanding Bruderheim and adding refining capacity - Cenovus hints at future growth plans, Husky purchases additional Midwest refining capacity and defers Canadian expansion, Chevron finds buyer for BC refinery and fuel distribution, A look at Canada's refining capacity and how we compare to the rest of the world, Vancouver's only refinery goes up for sale, Why Vancouver desperately needs a new oil refinery, Independent refiners benefit from low oil prices, 2019 CAPP CRUDE OIL FORECAST, MARKETS & TRANSPORTATION. Strathcona Refinery: Imperial Oil: Edmonton, AB: 1974: 191,000: Scotford Refinery: Shell Canada: Strathcona County, AB: 1984: 114,000: Edmonton Refinery: Suncor Energy: Edmonton, AB: 1951: 142,000: Lloydminster Refinery 1: Husky Energy: Lloydminster, AB: 1947: 30,000: Sturgeon Refinery 7: NWR Partnership: Sturgeon County, AB: 2020: 79,000 It manages several oil-related products and trading. We wanted to know more about Canada’s oil refineries so we spent a few hours collecting information and mapping it. Irving Oil's corporate headquarters are in Saint John, where it operates its refinery, the largest in Canada. Imperial Oil (IMO.TO) is an integrated company engaged in the exploration, production, refining, transportation, and sale of crude oil and natural gas. The oil and gas industry in Canada, as in other regions, is generally divided into three main segments: upstream, midstream, and downstream. Click to skip ahead and jump to the 5 biggest oil refining companies in the world. For some countries, the refinery list is further categorized state-by-state. 30, 2020. Operations at the Ulsan refinery started in 1964. Oil refineries in Canada The total oil refinery capacity in Canada reached an average of over 2 million barrels per day in 2019. 3 Refining According to the Canadian Association for Petroleum Producers (CAPP), Canada has 17 refineries with a total crude oil processing capacity of 2.0 million b/d.2 Eastern Canada’s eight refineries have 1.2 million b/d of capacity, or about 60% of total crude oil refining capacity.3 Because the eastern refineries are not as well connected to domestic crude oil production supplies, these Flames and a column of black smoke are seen rising from Canada's largest oil refinery in what the company who owns it are calling a "major incident." Meanwhile, the recent surge in tight oil production in the U.S. has led refineries in Eastern Canada to prefer importing large quantities of that oil. It is one of the world`s largest producers of synthetic crude oil. With a significant number of the world’s oil largest refineries being located in the Asia Pacific region, the US, China, Russia, India and Japan are among the countries having the biggest refining capacities. MONTREAL (AFP) - An explosion and fire ripped through Canada's largest refinery Monday (Oct 8), injuring several workers in what its owner called a "major incident.". Suncor Energy Inc. (SU.TO) is an integrated energy company focused on developing petroleum resource basins in Canada's Athabasca oil sands. By using Investopedia, you accept our, Investopedia requires writers to use primary sources to support their work. The Irving Oil Refinery is a Canadian oil refinery located in Saint John, New Brunswick.It is currently the largest oil refinery in Canada, capable of producing more than 320,000 barrels (51,000 m 3) of refined products per day. Irving Oil, operator of Canada’s largest oil refinery, has abandoned a pledge to cut carbon output by 17 per cent from 2005 levels by 2020, replacing it instead with a goal to keep its performance on climate change competitive with rivals, according to documents reviewed by Reuters. [iii] Discounts. The misconception with 'west-to-east' pipeline proposals like Enbridge’s Line 9 or TransCanada’s Energy East is shipping western Canadian oil to eastern Canada means ‘Canadian oil for Canadian refineries.’ This assumption overlooks the fact eastern Canadian refineries cannot refine a certain type of Canadian oil – tar sands bitumen. The company is one of the largest fuel suppliers for the northeastern states. NO SHOW Flames and a column of black smoke are seen rising from Canada's largest oil refinery in what the company who owns it are calling a "major incident." The refinery throughput of the country during 2012 averaged at 15 million barrels a day (Mbd). Pages in category "Oil refineries in Canada" The following 19 pages are in this category, out of 19 total. Irving Oil Ltd. is reducing its contract and plant work force at Canada’s largest oil refinery because of challenges caused by the coronavirus pandemic, the company said on Thursday. Today, it has a market capitalization valued at $51.46 billion. Strathcona Refinery near Edmonton. And the problem is only getting worse. In 1997, a heavy oil desulphurisation plant and decomposition plant were launched at the refinery. With a processing capacity of 840,000bpd, the Ulsan refinery is one of the world’s largest oil refineries in the world. Aging oil extraction infrastructure is dragging down annual oil production in this South American country, however. Oil refining involves transforming crude oil into various products such as petrol, gasoline, and diesel, among others. This list is limited to companies which are publicly traded in the U.S. or Canada, either directly or through ADRs. Port Arthur Refinery (Motiva Enterprises) Baytown Refinery (ExxonMobil) Ras Tanura Refinery (Saudi Aramco) Garyville Refinery (Marathon Petroleum) Baton Rouge Refinery (ExxonMobil) How many oil refineries are in the US? We show where the refineries are, the year they were constructed and how much they produce. Montreal East Refinery (Gulf Oil Canada) Montreal East Refinery (Shell Canada) Montreal Refinery; N. Nanticoke Refinery; O. Oakville Refinery (Petro-Canada) Oakville Refinery (Shell Canada) P. Prince George Refinery; R. Refinery Row (Edmonton) S. Scotford Upgrader; Strathcona Refinery; Sturgeon Refinery; T. Tidewater (marketing) Last edited on 29 June 2020, at 01:12. Enbridge also invests in renewable energy assets and transmission facilities. An explosion and fire ripped through Canada's largest refinery Monday in what the company that owns it called a "major incident." Midstream companies are engaged in the storage and transportation of oil and gas, while downstream companies refine and sell finished petroleum products. But early in the 1990s, Canada's largest oil companies decided to expand their Edmonton operations and pipeline final product to BC's Lower Mainland. An exploration & production company is known to be in a specific sector within the oil and gas industry. The country is home to the world’s biggest oil refinery, Jamnagar Refinery. The company operates a network of crude oil, liquids, and natural gas pipelines, as well as regulated natural gas distribution utilities. http://www.globalcsscyprus.com/Oil-Refining.html 1. Venezuela – 300,878 million barrels. The Oil & Gas Journal also publishes a worldwide list of refineries annually in a country-by-country tabulation that includes for each refinery: location, crude oil daily processing capacity, and the size of each process unit in the refinery. Canada – 169,709 million barrels. Number of oil refineries in Germany 2009-2020 Total volume of crude oil refined into products in Italy 2000-2019 Losses in the refining process … With a processing capacity of 840,000bpd, the Ulsan refinery is one of the world’s largest oil refineries in the world. This oil refinery has a capacity of 539,000 barrels per day. The Keystone XL pipeline is a proposed extension of the Keystone pipeline system that will transport oil from Canada to refineries in the United States. Read more Crude oil refinery capacity in Alberta in 2015, by refinery (in 1,000 barrels per day) Venezuela’s state-owned company Petróleos de Venezuela (PDVSA) owns the refinery.The Paraguana complex includes Amuay, Bajo Grande and Cardón refi… Ulsan refinery is the third largest oil refinery in the world with a capacity of 840,000bpd. Husky Energy Inc. (HSE.TO) is an integrated company engaged in the exploration, development, production, transportation, storage, and marketing of crude oil, natural gas, and natural gas liquids. HALIFAX, Nova Scotia (Canadian Press)—A company headed by John M. Shaheen, New York industrialist, will construct a $223‐million oil refinery in … It also refines crude oil and transports and sells refined petroleum and chemical products. Oil refineries across Canada and capacity in barrels per day (bpd; one barrel is about 159 litres): East Coast. The company engages in the transportation, storage, blending, processing, marketing, and distribution of crude oil, condensate, natural gas liquids, water, oilfield waste, and refined products. Largest Canadian oil and gas sector litres ): 1,120,000 Location: Ulsan, South Korea ) East... Production capacity of 300,000 barrels of refined products a day ( Mbd ) sector within the oil and gas.. 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