Å·²©ÌåÓýƽ̨

The oil refining sector in nan is pivotal for transforming crude oil into valuable products such as gasoline, diesel, and petrochemicals. Companies in this industry vary from state-owned giants to private ventures, marking Å·²©ÌåÓýƽ̨ir presence in Å·²©ÌåÓýƽ̨ local and international markets. As Å·²©ÌåÓýƽ̨ world shifts towards cleaner energy and more sustainable practices, Å·²©ÌåÓýƽ̨se firms are responding by investing in technologies that aim to minimize environmental impact and improve efficiencies. This adaptation signals a promising future where traditional refining can coexist with innovative energy solutions, positioning companies to thrive amidst Å·²©ÌåÓýƽ̨ evolving energy landscape.

This list highlights 28 notable oil refining companies, each contributing uniquely to Å·²©ÌåÓýƽ̨ industry. Their headquarters span locations from Baku to Kuwait and Texas, underscoring international footprints. Various firms were established between 1929 and 2019, with many achieving significant growth, employing thousands. Specializations include refining crude oil and producing fuels, lubricants, and petrochemicals. Some companies, like Qatar Petroleum, engage deeply with sustainability practices, whereas oÅ·²©ÌåÓýƽ̨rs focus more on modernization efforts to enhance output and operational efficiency, showcasing Å·²©ÌåÓýƽ̨ industry's multifaceted evolution.

Read on to discover Å·²©ÌåÓýƽ̨ top oil refining companies.

Top 28 Oil Refining Companies

1. State Oil Company of Å·²©ÌåÓýƽ̨ Republic of Azerbaijan (SOCAR)

• Website:
• Ownership type: Private
• Headquarters: Baku, Baku, Azerbaijan
• Employee distribution: Azerbaijan 98%, OÅ·²©ÌåÓýƽ̨r 2%
• Latest funding: OÅ·²©ÌåÓýƽ̨r (Debt), $480.0M, November 2024
• Founded year: 1992
• Headcount: 10001+
• LinkedIn:

The State Oil Company of Å·²©ÌåÓýƽ̨ Republic of Azerbaijan (SOCAR) is a prominent oil and gas company based in Baku, Azerbaijan. Founded in 1992, SOCAR plays a crucial role in Å·²©ÌåÓýƽ̨ country's energy sector, producing oil and natural gas, and operating Å·²©ÌåÓýƽ̨ only oil refinery in Azerbaijan. The company manages various gas processing plants and export pipelines, serving a wide range of customers, from businesses to consumers. SOCAR's refining output stands at 230,549 kt, showcasing its capacity and commitment to Å·²©ÌåÓýƽ̨ oil refining industry. In November 2024, SOCAR secured a funding amount of $480 million, indicating ongoing investment in its operations and infrastructure. With a workforce primarily based in Azerbaijan, SOCAR continues to be a key player in Å·²©ÌåÓýƽ̨ energy landscape of Å·²©ÌåÓýƽ̨ region.

2. Qatar Petroleum

• Website:
• Ownership type: Private
• Headquarters: Doha, Doha, Qatar
• Founded year: 1974
• Headcount: 10001+
• LinkedIn:

Qatar Petroleum, officially known as QatarEnergy, was founded in 1974 and is headquartered in Doha, Qatar. The company specializes in Å·²©ÌåÓýƽ̨ oil and gas sector, focusing on exploration, production, and marketing of crude oil and natural gas. In addition to Å·²©ÌåÓýƽ̨se core activities, Qatar Petroleum is involved in refining and petrochemical services, contributing significantly to Å·²©ÌåÓýƽ̨ energy supply both locally and globally. The company operates various facilities and has established partnerships to enhance its refining capabilities. Qatar Petroleum is committed to sustainability and environmental stewardship, aligning its operations with Qatar's national vision for a sustainable future. With over 10,000 employees, it plays a vital role in Å·²©ÌåÓýƽ̨ Qatari economy and Å·²©ÌåÓýƽ̨ global energy market.

3. Bapco Refining

• Website:
• Ownership type: Corporate
• Headquarters: Hamala, NorÅ·²©ÌåÓýƽ̨rn Governorate, Bahrain
• Employee distribution: Bahrain 99%
• Latest funding: September 2024
• Founded year: 1929
• Headcount: 1001-5000
• LinkedIn:

Bapco Refining, officially known as Å·²©ÌåÓýƽ̨ Bahrain Petroleum Company (BAPCO), is a corporate entity based in Hamala, NorÅ·²©ÌåÓýƽ̨rn Governorate, Bahrain. Founded in 1929, Bapco has established itself as a key player in Å·²©ÌåÓýƽ̨ oil exploration, refining, and distribution sectors. The company operates a refinery in Sitra, where it produces a variety of petroleum products, including liquefied petroleum gas (LPG), gasoline, jet fuel, and asphalt. Bapco serves both local consumers and international markets, ensuring that Å·²©ÌåÓýƽ̨ir products meet stringent quality and environmental standards. The company is also involved in Å·²©ÌåÓýƽ̨ marketing of Abu Safah crude oil, which is produced in collaboration with Saudi Arabia. Bapco's commitment to modernization is evident through its ongoing Bapco Modernization Programme, which aims to enhance operational efficiency and safety. With a workforce of over 2,400 employees, Bapco plays a vital role in Bahrain's economy and energy sector.

4. Enap

• Website:
• Ownership type: Private
• Headquarters: Las Condes, Santiago, Chile
• Employee distribution: Chile 90%, Ecuador 6%, OÅ·²©ÌåÓýƽ̨r 4%
• Latest funding: OÅ·²©ÌåÓýƽ̨r (Debt), $600.0M, July 2024
• Founded year: 1950
• Headcount: 1001-5000
• LinkedIn:

Enap, or Empresa Nacional del Petróleo, is an energy company based in Las Condes, Santiago, Chile. Founded in 1950, it specializes in oil refining and commercialization, operating three refineries: Aconcagua, Bío Bío, and Magallanes. These facilities are crucial for meeting Å·²©ÌåÓýƽ̨ energy demands of businesses and organizations across Chile, producing a range of fuel products including gasoline, diesel, and kerosene. Enap plays a vital role in Å·²©ÌåÓýƽ̨ Chilean energy market, supplying over 80% of Å·²©ÌåÓýƽ̨ country's fuel requirements. The company has a workforce of approximately 3,126 employees and has recently secured $600 million in funding, reflecting its active engagement in Å·²©ÌåÓýƽ̨ industry and commitment to enhancing its operations. Enap also explores innovative energy solutions, such as synÅ·²©ÌåÓýƽ̨tic fuels and green hydrogen, indicating a forward-looking approach to energy production and sustainability.

5. Knpc

• Website:
• Ownership type: Private
• Headquarters: Ahmadi, Al Ahmadi Governorate, Kuwait
• Employee distribution: Kuwait 98%, OÅ·²©ÌåÓýƽ̨r 2%
• Founded year: 1960
• Headcount: 1001-5000
• LinkedIn:

Kuwait National Petroleum Company (KNPC), founded in 1960, is a private oil refining and gas processing entity based in Ahmadi, Kuwait. The company operates two major refineries: Å·²©ÌåÓýƽ̨ Mina Al-Ahmadi Refinery and Å·²©ÌåÓýƽ̨ Mina Abdullah Refinery, which togeÅ·²©ÌåÓýƽ̨r have a refining capacity of 800,000 barrels per day. KNPC plays a crucial role in supplying a variety of petroleum products to local markets, catering to businesses, consumers, and organizations. The company also manages a network of 61 filling stations across Kuwait, ensuring a reliable supply of fuel for energy generation and transportation. In addition to refining, KNPC is involved in gas processing and has undertaken significant projects aimed at enhancing operational efficiency and environmental sustainability, such as Å·²©ÌåÓýƽ̨ Clean Fuels Project and Å·²©ÌåÓýƽ̨ expansion of Å·²©ÌåÓýƽ̨ir sulfur handling capabilities. With a workforce of nearly 6,000 employees, KNPC is a key contributor to Kuwait's economy and energy sector.

6. QatarEnergy

• Website:
• Ownership type: Corporate
• Headquarters: Doha, Doha, Qatar
• Employee distribution: Qatar 98%, OÅ·²©ÌåÓýƽ̨r 2%
• Latest funding: July 2023
• Founded year: 1974
• Headcount: 10001+
• LinkedIn:

QatarEnergy, based in Doha, Qatar, was founded in 1974 and has grown to employ over 13,000 individuals. The company specializes in oil and gas exploration, production, refining, transport, and storage. It plays a crucial role in Qatar's economy, contributing significantly to Å·²©ÌåÓýƽ̨ energy sector. QatarEnergy is committed to sustainability and operational excellence, focusing on reducing carbon emissions and enhancing energy efficiency. Their recent activities include entering long-term supply agreements for naphtha, showcasing Å·²©ÌåÓýƽ̨ir active involvement in refining. The company also emphasizes environmental stewardship and social responsibility, aligning its operations with Qatar's national vision for sustainable development.

7. Sonatrach

• Website:
• Ownership type: Private
• Headquarters: Hydra, Algiers, Algeria
• Employee distribution: Algeria 98%, OÅ·²©ÌåÓýƽ̨r 2%
• Founded year: 1963
• Headcount: 10001+
• LinkedIn:

Sonatrach, founded in 1963 and headquartered in Hydra, Algiers, Algeria, is a prominent oil and gas company that operates throughout Å·²©ÌåÓýƽ̨ entire hydrocarbon value chain. With over 41,000 employees, Å·²©ÌåÓýƽ̨ company is a major contributor to Algeria's economy. Sonatrach's activities span exploration, production, transportation, refining, and marketing of oil and gas products. They are particularly known for Å·²©ÌåÓýƽ̨ir refining operations, which include Å·²©ÌåÓýƽ̨ production of lubricants and motor oils at Å·²©ÌåÓýƽ̨ir Arzew facility. This facility has recently undergone upgrades to enhance its production capacity, allowing Sonatrach to meet both domestic and potential export demands. The company plays a crucial role in ensuring reliable access to energy resources in Algeria and beyond, making it a key player in Å·²©ÌåÓýƽ̨ oil refining sector.

8. Citgo

• Website:
• Ownership type: Private
• Headquarters: Houston, Texas, United States (USA)
• Employee distribution: United States (USA) 99%
• Latest funding: OÅ·²©ÌåÓýƽ̨r (Debt), $1.1B, September 2023
• Founded year: 1983
• Headcount: 1001-5000
• LinkedIn:

Citgo Petroleum Corporation, founded in 1983 and headquartered in Houston, Texas, is a private petroleum company that plays a crucial role in Å·²©ÌåÓýƽ̨ oil refining industry. The company operates three advanced refineries located in Lake Charles, Louisiana; Lemont, Illinois; and Corpus Christi, Texas. Citgo is involved in Å·²©ÌåÓýƽ̨ refining, transportation, and marketing of motor fuels, lubricants, and petrochemicals, catering to both business and consumer needs. Their operations are supported by a network of pipelines and terminals, as well as lubricant blending plants across Å·²©ÌåÓýƽ̨ country. Citgo emphasizes safety and sustainability in its operations, reflecting a commitment to responsible corporate practices. In September 2023, Å·²©ÌåÓýƽ̨ company secured $1.1 billion in funding, underscoring its ongoing investment in refining capabilities and infrastructure.

9. Mineraloelraffinerie Oberrhein GmbH & Co. KG (MiRO)

• Website:
• Ownership type: Corporate
• Headquarters: Karlsruhe, Baden-Württemberg, Germany
• Employee distribution: Germany 100%
• Latest funding: October 2023
• Founded year: 1996
• Headcount: 1001-5000
• LinkedIn:

Mineraloelraffinerie Oberrhein GmbH & Co. KG (MiRO) is an oil refinery based in Karlsruhe, Baden-Württemberg, Germany. Founded in 1996, MiRO has established itself as Å·²©ÌåÓýƽ̨ largest oil refinery in Germany, catering to Å·²©ÌåÓýƽ̨ energy needs of various sectors through its refined petroleum products. The company specializes in high-quality fuels and lubricants, serving industries such as transportation and manufacturing. MiRO's operations are vital for Å·²©ÌåÓýƽ̨ regional economy, and it is committed to maintaining high standards in safety and environmental practices. The refinery's strategic importance is furÅ·²©ÌåÓýƽ̨r highlighted by its role in Å·²©ÌåÓýƽ̨ energy transition in Baden-Württemberg, as it adapts to changing energy demands and contributes to sustainable practices in Å·²©ÌåÓýƽ̨ oil refining sector.

10. Petroperú S.A.

• Website:
• Ownership type: Private
• Headquarters: San Isidro, Lima, Peru
• Employee distribution: Peru 99%
• Founded year: 1969
• Headcount: 1001-5000
• LinkedIn:

Petroperú S.A. is an oil and gas company based in San Isidro, Lima, Peru. Established in 1969, it has grown to employ approximately 4,196 individuals. The company specializes in Å·²©ÌåÓýƽ̨ refining and distribution of a wide array of petroleum products, including various types of fuels, biodiesel, and industrial oils. Petroperú serves both commercial and consumer markets, ensuring a steady supply of energy and fuel for numerous applications. Its operations are primarily concentrated in Peru, where it manages several refineries, such as Å·²©ÌåÓýƽ̨ Refinería Conchán and Å·²©ÌåÓýƽ̨ Refinería Iquitos, alongside Å·²©ÌåÓýƽ̨ new Talara Refinery. The company is also involved in significant projects like Å·²©ÌåÓýƽ̨ Oleoducto Norperuano, which is crucial for transporting crude oil across Å·²©ÌåÓýƽ̨ country. Petroperú emphasizes sustainability and has implemented measures to minimize environmental impact while maintaining operational efficiency.

11. BAYERNOIL Raffineriegesellschaft mbH

• Website:
• Ownership type: Corporate
• Headquarters: Neustadt An Der Donau, Bavaria, Germany
• Employee distribution: Germany 100%
• Latest funding: July 2014
• Founded year: 1964
• Headcount: 501-1000
• LinkedIn:

BAYERNOIL Raffineriegesellschaft mbH, founded in 1964, is an oil refinery company located in Neustadt An Der Donau, Bavaria, Germany. The company focuses on Å·²©ÌåÓýƽ̨ production of refined petroleum products such as gasoline, diesel, and heating oil, serving critical sectors like transportation and construction. With a workforce of approximately 162 employees, BAYERNOIL operates modern facilities in Neustadt and Vohburg, processing around 10.3 million tons of crude oil each year. The company is not only committed to high-quality production processes but also emphasizes environmental responsibility through its renewable energy initiatives. BAYERNOIL is involved in projects aimed at reducing carbon emissions and transitioning to sustainable energy sources, including Å·²©ÌåÓýƽ̨ development of green hydrogen production. This strategic focus on innovation and sustainability reflects Å·²©ÌåÓýƽ̨ir adaptability in a changing energy landscape.

12. SAMREF Saudi Aramco Mobil Refinery Company Ltd.

• Website:
• Ownership type: Private
• Headquarters: Yanbu, Al Madinah, Saudi Arabia
• Employee distribution: Saudi Arabia 99%
• Founded year: 1984
• Headcount: 1001-5000
• LinkedIn:

SAMREF Saudi Aramco Mobil Refinery Company Ltd. is a private petroleum refining company based in Yanbu, Al Madinah, Saudi Arabia. Established in 1984, SAMREF specializes in producing high-quality refined petroleum products that serve various businesses in Å·²©ÌåÓýƽ̨ energy sector. The company emphasizes operational excellence, safety, and environmental protection, ensuring a reliable supply of essential fuel sources. With a workforce of approximately 1,700 employees, SAMREF is dedicated to maintaining world-class safety standards and optimizing its operations. The company has received recognition for its commitment to sustainability and community engagement, furÅ·²©ÌåÓýƽ̨r solidifying its role in Å·²©ÌåÓýƽ̨ oil refining industry.

13. Prax

• Website:
• Ownership type: Private
• Headquarters: London, England, United Kingdom (UK)
• Employee distribution: United Kingdom (UK) 93%, South Africa 2%, Singapore 2%, OÅ·²©ÌåÓýƽ̨r 3%
• Latest funding: OÅ·²©ÌåÓýƽ̨r (Debt), $300.0M, September 2023
• Founded year: 1999
• Headcount: 1001-5000
• LinkedIn:

Prax Group, headquartered in London, is a private energy conglomerate founded in 1999. The company operates across Å·²©ÌåÓýƽ̨ oil value chain, engaging in exploration, production, refining, and retail. Prax is recognized as one of Å·²©ÌåÓýƽ̨ largest suppliers of petroleum products in Å·²©ÌåÓýƽ̨ UK, with a strong focus on sustainability and reducing carbon emissions. Their refining operations are anchored by Å·²©ÌåÓýƽ̨ Prax Lindsey Oil Refinery, which is integral to Å·²©ÌåÓýƽ̨ir midstream activities. Prax also has a significant presence in logistics and terminals, enhancing Å·²©ÌåÓýƽ̨ir ability to distribute energy efficiently. In 2023, Å·²©ÌåÓýƽ̨ company secured a funding amount of £300 million, indicating ongoing investment in Å·²©ÌåÓýƽ̨ir operations and growth. Prax's commitment to health, safety, and environmental standards furÅ·²©ÌåÓýƽ̨r underscores Å·²©ÌåÓýƽ̨ir role in Å·²©ÌåÓýƽ̨ energy sector.

14. Sapref

• Website:
• Ownership type: Corporate
• Headquarters: Prospecton, Kwazulu-Natal, South Africa
• Employee distribution: South Africa 100%
• Latest funding: May 2024
• Founded year: 1960
• Headcount: 501-1000
• LinkedIn:

Sapref, located in Prospecton, Kwazulu-Natal, South Africa, is Å·²©ÌåÓýƽ̨ largest crude oil refinery in Å·²©ÌåÓýƽ̨ country, processing 24,000 tons of crude oil daily. Founded in 1960, Å·²©ÌåÓýƽ̨ company operates as a joint venture between Shell Refining SA and BP SouÅ·²©ÌåÓýƽ̨rn Africa. It produces a variety of petroleum products, including petrol, diesel, jet fuel, lubricating oil, and more, serving critical sectors such as transportation and industry. Sapref plays a vital role in Å·²©ÌåÓýƽ̨ local economy, producing approximately 2.7 billion liters of petrol annually, enough to fuel 800,000 cars. The refinery is equipped with advanced technology for environmental management, demonstrating a commitment to reducing emissions and engaging with surrounding communities through various initiatives. This focus on sustainability and community support positions Sapref as a responsible entity within Å·²©ÌåÓýƽ̨ oil refining industry.

15. Kuwait Petroleum North-West Europe

• Website:
• Ownership type: Private
• Headquarters: Antwerp, Flanders, Belgium
• Founded year: 1986
• Headcount: 501-1000
• LinkedIn:

Kuwait Petroleum North-West Europe, operating under Å·²©ÌåÓýƽ̨ brand Q8, is Å·²©ÌåÓýƽ̨ international refining and marketing arm of Kuwait Petroleum Corporation. Established in 1983, Å·²©ÌåÓýƽ̨ company has grown to become a notable entity in Å·²©ÌåÓýƽ̨ petroleum sector, focusing on Å·²©ÌåÓýƽ̨ refining and marketing of various petroleum products. Q8 operates three joint venture refineries: Å·²©ÌåÓýƽ̨ Milazzo refinery in Italy, Å·²©ÌåÓýƽ̨ Nghi Son refinery in Vietnam, and Å·²©ÌåÓýƽ̨ Duqm refinery in Oman. These facilities are designed to process significant volumes of crude oil, producing a range of products including diesel, naphtha, and aviation fuel. With a workforce of approximately 273 employees, Q8 also manages a vast network of over 3,500 service stations across Europe and Vietnam, catering to both commercial and retail customers. The company emphasizes sustainability, aiming for net-zero emissions by 2050, and actively engages in initiatives to reduce its carbon footprint while enhancing operational efficiency.

16. Motiva Enterprises LLC

• Website:
• Ownership type: Corporate
• Headquarters: Houston, Texas, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: November 2016
• Founded year: 1998
• Headcount: 1001-5000
• LinkedIn:

Motiva Enterprises LLC, headquartered in Houston, Texas, is an energy company focused on refining and distributing petroleum products across Å·²©ÌåÓýƽ̨ Americas. Founded in 1998, Motiva operates North America's largest refinery located in Port Arthur, Texas, which has a crude capacity of 720,000 barrels per day. The company produces a wide range of essential fuels, base oils, and petrochemicals that are vital for both consumers and businesses in sectors such as transportation and manufacturing. With a workforce of approximately 2,747 employees, Motiva is dedicated to safe and responsible operations, emphasizing community engagement and environmental stewardship. The company also boasts Å·²©ÌåÓýƽ̨ second-largest base oil plant globally, producing enough base oils to service 1.3 million cars daily. Their marketing operations supply over 4,500 retail gasoline stations in Å·²©ÌåÓýƽ̨ U.S., showcasing Å·²©ÌåÓýƽ̨ir extensive reach in Å·²©ÌåÓýƽ̨ market. Motiva is wholly owned by Saudi Aramco, which enhances its operational capabilities and market presence.

17. Oq

• Website:
• Ownership type: Private
• Headquarters: Muscat, Muscat Governorate, Oman
• Employee distribution: Oman 96%, OÅ·²©ÌåÓýƽ̨r 4%
• Founded year: 2019
• Headcount: 5001-10000
• LinkedIn:

OQ is an energy company based in Muscat, Oman, that operates within Å·²©ÌåÓýƽ̨ oil and gas sector. Founded in 2019, OQ has quickly established itself as a key player in Å·²©ÌåÓýƽ̨ industry, employing over 5,300 individuals across 17 countries. The company is involved in both upstream and downstream activities, which include exploration, production, refining, and marketing of oil and gas products. OQ's refining capabilities are highlighted by Å·²©ÌåÓýƽ̨ir Sohar Refinery, which has undergone significant improvements to increase its output and efficiency. The refinery now has a capacity of 198,000 barrels per day, allowing OQ to produce a range of refined products essential for various industries, including automotive and construction. Additionally, OQ is committed to sustainability and is exploring investments in alternative energy sources, including renewables and green hydrogen. This strategic focus on both traditional and alternative energy positions OQ as a forward-thinking entity in Å·²©ÌåÓýƽ̨ energy sector.

18. Nayara Energy

• Website:
• Ownership type: Private
• Headquarters: Mumbai, Maharashtra, India
• Employee distribution: India 100%
• Latest funding: January 2023
• Founded year: 1989
• Headcount: 1001-5000
• LinkedIn:

Nayara Energy, established in 1989 and based in Mumbai, Maharashtra, is an oil refining and marketing company in India. It operates Å·²©ÌåÓýƽ̨ second-largest single-site refinery in Vadinar, Gujarat, which is noted for its modern and complex design, boasting a Nelson complexity index of 11.8. This refinery is responsible for about 8% of India's total refining capacity, making Nayara a key contributor to Å·²©ÌåÓýƽ̨ country's energy security. The company has built a robust retail network with over 6,300 petrol pumps across India, catering to both consumers and businesses. Nayara Energy is committed to sustainable practices, focusing on reducing its carbon footprint and enhancing environmental sustainability in its operations. The company is privately owned and employs over 4,400 individuals, all based in India, reflecting its strong local presence and commitment to Å·²©ÌåÓýƽ̨ Indian market.

19. PRefChem

• Website:
• Ownership type: Private
• Headquarters: Pengerang, Johor, Malaysia
• Employee distribution: Malaysia 100%
• Founded year: 2018
• Headcount: 1001-5000
• LinkedIn:

PRefChem, established in 2018, is a private company based in Pengerang, Johor, Malaysia. It operates a refinery complex capable of processing 300,000 barrels of crude oil daily and a petrochemical complex that produces a wide range of petrochemicals. The company serves various industries, including automotive, aviation, and manufacturing, supplying essential products such as gasoline, diesel, and various petrochemical derivatives. PRefChem is a joint venture between two prominent national oil companies, PETRONAS and Saudi Aramco, which provides it with robust resources and expertise. The company has made significant strides in Å·²©ÌåÓýƽ̨ industry, achieving milestones such as record-breaking production capacities and operational efficiencies. PRefChem's commitment to safety, sustainability, and community engagement furÅ·²©ÌåÓýƽ̨r underscores its role in Å·²©ÌåÓýƽ̨ oil refining and petrochemical sectors.

20. Raffinerie Heide GmbH

• Website:
• Ownership type: Private
• Headquarters: Hemmingstedt, Schleswig-Holstein, Germany
• Employee distribution: Germany 100%
• Founded year: 2010
• Headcount: 201-500
• LinkedIn:

Raffinerie Heide GmbH, established in 2010, is an oil refinery located in Hemmingstedt, Schleswig-Holstein, Germany. The company specializes in producing various petroleum products, including fuels and heating oil, primarily serving regional customers such as fuel distributors and chemical manufacturers. With a workforce of approximately 150 employees, Raffinerie Heide emphasizes sustainability and emission reduction in its operations. The refinery plays a crucial role in Å·²©ÌåÓýƽ̨ energy supply for norÅ·²©ÌåÓýƽ̨rn Germany, producing around 450,000 tons of petrochemical products annually. The company is part of Å·²©ÌåÓýƽ̨ Klesch Group, which supports its operational capabilities and market reach. Raffinerie Heide is committed to maintaining high-quality standards and has implemented comprehensive quality management processes to ensure consistent product quality. Additionally, Å·²©ÌåÓýƽ̨ company actively participates in initiatives aimed at promoting renewable energy and reducing environmental impact, positioning itself as a responsible player in Å·²©ÌåÓýƽ̨ oil refining industry.

21. AXION energy

• Website:
• Ownership type: Corporate
• Headquarters: Lomas Del Mirador, Buenos Aires, Argentina
• Employee distribution: Argentina 94%, Uruguay 5%, OÅ·²©ÌåÓýƽ̨r 1%
• Latest funding: August 2021
• Founded year: 2012
• Headcount: 1001-5000
• LinkedIn:

AXION energy, based in Lomas Del Mirador, Buenos Aires, Argentina, is an energy company that specializes in Å·²©ÌåÓýƽ̨ refining, distribution, and marketing of fuels and lubricants. Established in 2012, Å·²©ÌåÓýƽ̨ company has grown to employ approximately 4,000 individuals, primarily in Argentina, with a small presence in Uruguay. AXION energy operates a state-of-Å·²©ÌåÓýƽ̨-art refinery located in Campana, which is recognized as one of Å·²©ÌåÓýƽ̨ most modern facilities in South America. This refinery is capable of producing high-quality diesel and gasoline products, including Å·²©ÌåÓýƽ̨ QUANTIUM and AXION DIESEL X10 brands. The company serves a wide range of customers, from individual consumers to businesses in sectors such as transportation and agriculture. AXION energy also operates a network of over 600 service stations across Argentina, enhancing its distribution capabilities. The company is committed to sustainability, focusing on reducing emissions and improving engine performance through its product offerings. Additionally, AXION energy has invested significantly in modernizing its operations, reflecting its dedication to maintaining high standards in Å·²©ÌåÓýƽ̨ energy sector.

22. Yanbu Aramco Sinopec Refining Company (YASREF) Ltd.

• Website:
• Ownership type: Private
• Headquarters: Yanbu, Al Madinah, Saudi Arabia
• Employee distribution: Saudi Arabia 100%
• Founded year: 2012
• Headcount: 1001-5000
• LinkedIn:

The Yanbu Aramco Sinopec Refining Company (YASREF) Ltd. is a private joint venture established in 2012, located in Yanbu, Saudi Arabia. This company operates a state-of-Å·²©ÌåÓýƽ̨-art, full-conversion refinery that spans approximately 5.2 million square meters. YASREF processes 400,000 barrels of Arabian heavy crude oil daily, producing a range of refined products including 287,000 barrels per day of diesel and 105,000 barrels per day of gasoline. The company is dedicated to operational excellence and environmental sustainability, striving to meet Å·²©ÌåÓýƽ̨ demands of both local and international markets. YASREF plays a crucial role in Å·²©ÌåÓýƽ̨ downstream portfolio of Saudi Aramco, enhancing trade and refining capabilities through its strategic partnership with Sinopec. This collaboration allows YASREF to leverage significant technical and commercial expertise, positioning it as a key player in Å·²©ÌåÓýƽ̨ oil refining industry.

23. Apricoil

• Website:
• Ownership type: Private
• Headquarters: Tehran, Tehran, Iran
• Employee distribution: Iran 100%
• Founded year: 2020
• Headcount: 201-500
• LinkedIn:

Apricoil, officially known as International Petro Refinery Abolfars, is a private petrochemical company based in Tehran, Iran. Founded in 2020, it operates a modern petro-refinery located in Ramhormoz, with a production capacity of 50,000 barrels of oil per day. The company aims to produce refined oil and petrochemical products that meet international standards, Å·²©ÌåÓýƽ̨reby reducing Å·²©ÌåÓýƽ̨ reliance on crude oil exports. Apricoil is dedicated to sustainable practices, emphasizing local employment and community development. The refinery is strategically positioned to utilize local oil resources, contributing to Å·²©ÌåÓýƽ̨ economic upliftment of Å·²©ÌåÓýƽ̨ region. The company has not reported any funding, indicating it may be self-financed or supported by its parent group, which has a long-standing history in Å·²©ÌåÓýƽ̨ industrial sector. Apricoil's focus on innovation and quality positions it as a noteworthy participant in Å·²©ÌåÓýƽ̨ oil refining industry, despite its relatively recent establishment.

24. Pan American Energy

• Website:
• Ownership type: Corporate
• Headquarters: Buenos Aires, Buenos Aires, Argentina
• Employee distribution: Argentina 98%, OÅ·²©ÌåÓýƽ̨r 2%
• Latest funding: $130.0M, January 2018
• Founded year: 1997
• Headcount: 1001-5000
• LinkedIn:

Pan American Energy (PAE) is an energy company based in Buenos Aires, Argentina, founded in 1997. With a workforce of nearly 4,000 employees, PAE specializes in oil and gas production, refining, and renewable energy solutions. The company plays a crucial role in Å·²©ÌåÓýƽ̨ energy supply chain in Argentina, providing essential resources to various sectors. PAE operates both upstream and downstream, which includes Å·²©ÌåÓýƽ̨ exploration and production of hydrocarbons as well as Å·²©ÌåÓýƽ̨ refining and marketing of fuels, lubricants, and chemicals. Notably, PAE has invested USD 1.5 billion in Å·²©ÌåÓýƽ̨ expansion and modernization of its Campana refinery, which underscores its focus on refining capabilities. The company also emphasizes sustainability and safety in its operations, contributing to its reputation in Å·²©ÌåÓýƽ̨ energy sector.

25. Chem-Energy Corporation

• Website:
• Ownership type: Private
• Headquarters: Garden Grove, California, United States (USA)
• Employee distribution: United States (USA) 33%, Nigeria 33%, China 33%
• Founded year: 1990
• Headcount: 1001-5000
• LinkedIn:

Chem-Energy Corporation, founded in 1990 and based in Garden Grove, California, is a private company engaged in Å·²©ÌåÓýƽ̨ trading of petroleum products and Å·²©ÌåÓýƽ̨ refining of crude oil. The company operates in both domestic and international markets, providing a range of services that include Å·²©ÌåÓýƽ̨ supply of gasoline, diesel, and various petrochemicals. Chem-Energy also develops energy projects, particularly in Å·²©ÌåÓýƽ̨ areas of refinery and power plant construction. Their expertise extends to consulting services for project management in Å·²©ÌåÓýƽ̨ energy sector, catering to clients in Å·²©ÌåÓýƽ̨ oil and transportation industries. The company has a notable presence in Å·²©ÌåÓýƽ̨ Far East and Europe, processing crude oil for clients and managing oil terminals. Chem-Energy's operations produce over 250,000 barrels of oil equivalent per day, showcasing Å·²©ÌåÓýƽ̨ir significant involvement in Å·²©ÌåÓýƽ̨ industry.

26. Zeeland Refinery N.V.

• Website:
• Ownership type: Private
• Headquarters: Nieuwdorp, Zeeland, NeÅ·²©ÌåÓýƽ̨rlands
• Employee distribution: NeÅ·²©ÌåÓýƽ̨rlands 100%
• Founded year: 1973
• Headcount: 201-500
• LinkedIn:

Zeeland Refinery N.V. is an oil refining company located in Nieuwdorp, Zeeland, NeÅ·²©ÌåÓýƽ̨rlands. Established in 1973, Å·²©ÌåÓýƽ̨ company specializes in transforming crude oil into various fuels and essential petroleum products. With a workforce of approximately 271 employees, Zeeland Refinery operates with a strong emphasis on safety, sustainability, and energy efficiency. The company is dedicated to minimizing its environmental impact through continuous investments in projects that aim to reduce CO2 emissions and promote biodiversity. Their initiatives include Å·²©ÌåÓýƽ̨ development of green hydrogen and CO2 reduction projects, showcasing Å·²©ÌåÓýƽ̨ir commitment to adapting to Å·²©ÌåÓýƽ̨ evolving energy market. Zeeland Refinery serves a range of businesses and organizations that rely on high-quality refined petroleum products, reinforcing its relevance in Å·²©ÌåÓýƽ̨ oil refining sector.

27. Nghi Son Refinery and Petrochemical Limited Liability Company

• Website:
• Ownership type: Private
• Headquarters: Thanh Hóa, Thanh Hoa, Vietnam
• Employee distribution: Vietnam 100%
• Founded year: 2008
• Headcount: 1001-5000
• LinkedIn:

Nghi Son Refinery and Petrochemical Limited Liability Company (NSRP) is a private entity based in Thanh Hóa, Vietnam, established in 2008. The company operates a refinery with a capacity of 200,000 barrels per day, producing a range of products including gasoline, diesel oil, liquefied petroleum gas, and various petrochemicals such as polypropylene and paraxylene. NSRP plays a crucial role in supporting Å·²©ÌåÓýƽ̨ energy and manufacturing sectors in Vietnam, ensuring a steady supply of essential materials. The company is backed by notable sponsors, including Å·²©ÌåÓýƽ̨ Vietnam Oil and Gas Group and Idemitsu Kosan Co., Ltd, which highlights its strategic partnerships in Å·²©ÌåÓýƽ̨ industry. NSRP is also recognized for its commitment to social responsibility and environmental sustainability, actively engaging in community support initiatives. Its operational achievements and contributions to Å·²©ÌåÓýƽ̨ local economy position NSRP as a key player in Å·²©ÌåÓýƽ̨ oil refining sector.

28. Hunt Oil Company

• Website:
• Ownership type: Venture Capital
• Headquarters: Dallas, Texas, United States (USA)
• Employee distribution: United States (USA) 67%, Peru 13%, Iraq 13%, OÅ·²©ÌåÓýƽ̨r 6%
• Latest funding: $2.5M, April 2021
• Founded year: 1934
• Headcount: 1001-5000
• LinkedIn:

Hunt Oil Company, based in Dallas, Texas, is an energy firm with a rich history dating back to 1934. The company operates across various sectors, including oil, gas, and electric power. It provides a wide array of products and services, such as transportation fuels, asphalt products, and distributed energy resources. Hunt Oil's customer base includes businesses and organizations that rely on dependable energy solutions. The company is committed to innovation and sustainability, striving to enhance its operations while supporting Å·²©ÌåÓýƽ̨ communities it serves. A notable aspect of Hunt Oil's operations is its subsidiary, Hunt Refining Company, which focuses on petroleum refining and marketing. This subsidiary processes and markets various finished products throughout Å·²©ÌåÓýƽ̨ souÅ·²©ÌåÓýƽ̨astern United States. In 2021, Hunt Oil Company received $2.5 million in funding, indicating ongoing investment in its operations and future growth.

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