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الوطن
Gulf Refinery Recovery by 2027
Gulf refineries and energy sectors are gradually recovering as crude exports improve and rehabilitation work progresses, but Middle East oil production may remain about 1.5 million barrels per day below its 2025 level next year. Gulf crude exports rose to 13.9 million barrels per day in September, exceeding 75% of pre-crisis levels. Middle East refinery throughput reached 7.3 million barrels per day in August, compared with 9.9 million in February 2026. The World Bank expects Gulf refining capacity to return to pre-crisis levels in the second quarter of 2027, alongside the continued recovery of crude exports and rehabilitation of gas facilities.
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