Romania Oil & Gas Downstream Market cover

Romania Oil & Gas Downstream Market by Refineries, Petrochemical Plants, and Country -Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: EP-1814
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 2
  • No. Of Pages: 194
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The Romania oil & gas downstream market size is anticipated to expand at a robust CAGR during the forecast period, 2021-2028. The growth of the market is attributed to growing requirement of upgradation of the existing downstream infrastructure and rising investment in the refining and the petrochemical sectors. Moreover, increasing number of expansion projects in the country can stimulate he market growth.

Romania Oil & Gas Downstream Market summary

Downstream operations are the processes that are involved in converting oil & gas into the finished product. This includes refining crude oil into gasoline, natural gas liquids, diesel, and a variety of other energy sources. The downstream operation is the final stage of the process and refers to the refining, processing and purifying of crude oil and natural gas. The downstream sector also encompasses the efforts that are made to market and distribute crude oil and natural gas related products. Gasoline, natural gas, liquid fuel and oil biofuels are the byproducts of oil and gas.

Romania has proven natural gas reserves of 726 billion cubic meters (25.94 trillion cubic feet) and is ranked 30th among countries with proved reserves of natural gas. About 75% of Romania's natural gas resources are located in Transylvania, especially in Mureş and Sibiu counties.

Market Trends, Drivers, Restraints, and Opportunities:

  • Increasing number of government policies and investments for the oil & gas industry is anticipated to contribute to the growth of the Romania oil & gas downstream market.
  • Growing number of oil & gas petrochemical facilities owing to increasing foreign investments is expected to propel the growth of the market.
  • Decreasing oil processing capacity from 35 million tons in 2000 to 13.5 million tons in 2018, due to lack of oil and gas processing infrastructure in the country can restraint the market growth.
  • Rapid growth in the renewable energy industry in the country owing to government incentives can create challenges for the market in the coming years.
  • The outbreak of COVID-19 has negatively impacted the Romanian oil & gas market.. Amidst the pandemic, mining operations were halted to mitigate the spread of coronavirus. Nevertheless, the recovery of the global market is expected to help the market in the country to reach the pre-COVID levels.
  • Rising trend of digitalization and modernization in the refining and petrochemical sectors are expected to reduce the refining costs and process losses, fueling the market growth.

Scope of the Report

The report on the Romania oil & gas downstream market includes an assessment of the market, trends, segments. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Romania oil & gas downstream Market -  Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Refineries and Petrochemical Plants

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

OMV Petrom SA, Rompetrol SA, Lukoil Oil Company, Serinus Energy Company, and Total SA.

Romania oil & gas downstream Market Segment Insights:

Refineries segment to account a major market share

The refineries segment is anticipated to grow at a rapid pace owing to the increasing production of gas and oil in the country. This is attributed to increasing refinery capacity of the oil & gas facilities. For instance, in September 2019, KazMunaiGas International (KMGI) announced that they are planning to double the production capacity at the Petromidia Refinery. The investment for the expansion of refinery is expected to be around USD 2 billion and the capacity is expected to be reach around 10 million tons per year.

Petrochemical plants segment to grow at a rapid pace

The petrochemical plants segment is expected to grow at a rapid pace during the forecast period. In 2020, this segment accounted for a significant market share owing to the government plan to expand its petrochemical industry in the coming years. This growth can be attributed to the growing population in the country and improvement in the living standards of the country. Even though the renewable energy industry is gaining high traction around the country, the petroleum industry is anticipated to remain a major energy source in the projected timeline. This trend is expected to continue for the next few decades and benefit the segment.

Romania Oil & Gas Downstream Market petrochemical plant

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Oil & Gas Downstream Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Oil & Gas Downstream Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Oil & Gas Downstream Market - Supply Chain
  4.5. Global Oil & Gas Downstream Market Forecast
     4.5.1. Oil & Gas Downstream Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Oil & Gas Downstream Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Oil & Gas Downstream Market Absolute $ Opportunity
5. Global Oil & Gas Downstream Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Oil & Gas Downstream Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Oil & Gas Downstream Demand Share Forecast, 2019-2026
6. North America Oil & Gas Downstream Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Oil & Gas Downstream Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Oil & Gas Downstream Demand Share Forecast, 2019-2026
7. Latin America Oil & Gas Downstream Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Oil & Gas Downstream Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Oil & Gas Downstream Demand Share Forecast, 2019-2026
8. Europe Oil & Gas Downstream Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Oil & Gas Downstream Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Oil & Gas Downstream Demand Share Forecast, 2019-2026
9. Asia Pacific Oil & Gas Downstream Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Oil & Gas Downstream Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Oil & Gas Downstream Demand Share Forecast, 2019-2026
10. Middle East & Africa Oil & Gas Downstream Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Oil & Gas Downstream Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Oil & Gas Downstream Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Oil & Gas Downstream Market: Market Share Analysis
  11.2. Oil & Gas Downstream Distributors and Customers
  11.3. Oil & Gas Downstream Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. OMV Petrom SA
     11.4.2. Rompetrol SA
     11.4.3. Lukoil Oil Company
     11.4.4. Serinus Energy Company
     11.4.5. Total SA

Segments Covered in the Report

The Romania oil & gas downstream Market has been segmented on the basis of

Refineries

Petrochemical Plants

Country

  • Romania

Key Players

  • OMV Petrom SA
  • Rompetrol SA
  • Lukoil Oil Company
  • Serinus Energy Company
  • Total SA

The major players of the market are OMV Petrom SA, Rompetrol SA, Lukoil Oil Company, Serinus Energy Company, and Total SA
Companies are focusing on acquisitions & partnerships to expand their market share.

Romania Oil & Gas Downstream Market keyplayers

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