N Butane Sales

N Butane Sales Market Outlook

The global N Butane market is projected to reach a valuation of approximately USD 20 billion by 2035, growing at a compound annual growth rate (CAGR) of around 4.5% during the forecast period from 2025 to 2035. This growth can be attributed to increasing demand for N Butane in various applications such as liquefied petroleum gas (LPG), petrochemicals, and aerosol propellants. As industries increasingly adopt cleaner and more efficient energy sources, N Butane is being recognized for its versatility and lower environmental impact, further driving its demand. Furthermore, the growing automotive sector, coupled with the rising residential and commercial demand for heating solutions, is expected to bolster the market significantly. The expansion of refining capacities, particularly in emerging economies, is also contributing to the growing consumption of N Butane, thereby enhancing the market outlook.

Growth Factor of the Market

The N Butane market is experiencing substantial growth driven by several factors. Firstly, the increasing adoption of N Butane as a key feedstock in the petrochemical industry is creating significant demand. With industries looking to optimize production processes and reduce carbon footprints, N Butane is emerging as an effective solution due to its efficiency and lower emissions profile compared to other hydrocarbon feeds. Additionally, the growth of the aerosol market, especially in personal care products and household goods, is propelling the need for N Butane as a propellant. Moreover, infrastructural developments in the energy sector, particularly in developing regions, are facilitating the increased use of LPG, where N Butane plays a crucial role. Furthermore, stringent environmental regulations and policies promoting cleaner energy sources are encouraging industries to switch to N Butane, thereby driving market growth. Lastly, technological advancements in extraction and refining processes are enhancing supply chain efficiencies, making N Butane more accessible to consumers.

Key Highlights of the Market

• The global N Butane market is projected to cross USD 20 billion by 2035.
• North America holds a significant market share due to high demand in the automotive and petrochemical industries.
• Increased usage of N Butane in aerosol propellant applications is a key growth driver.
• Strict environmental regulations are pushing industries towards cleaner fuel alternatives such as N Butane.
• Technological innovations in the extraction and refining processes are enhancing production capacities and efficiency.

By Purity

Less Than 95%:

N Butane with a purity of less than 95% is primarily utilized in applications where the stringent purity standards are not as critical. This segment caters to a niche market, including certain industrial applications and specific types of fuel blends. While this segment is relatively smaller compared to higher purity levels, it still plays a vital role in certain chemical processes where cost-effectiveness outweighs the need for purity. Industries that incorporate this grade of N Butane often find it beneficial as a cost-saving measure, particularly in non-critical applications. The demand for less than 95% purity is expected to remain steady but is unlikely to witness significant growth due to the increasing adoption of higher purity grades in more demanding applications.

95%-98%:

N Butane with a purity range of 95%-98% finds extensive applications in the manufacturing of LPG and in sectors such as petrochemicals where a moderate level of purity is acceptable. This range is characterized by a balance between cost and performance, making it a popular choice for various end-users. The versatility of this purity grade allows it to be utilized in blending processes, thus expanding its reach across different applications. As the need for efficient fuel sources continues to rise, this segment is witnessing moderate growth, driven by industries looking for reliable and cost-efficient solutions. The increasing demand for LPG in residential and commercial heating applications is further bolstering this category's market presence.

98%-99%:

N Butane in the 98%-99% purity range is increasingly favored in applications requiring higher quality standards, particularly in the petrochemical sector. This grade is often utilized as a feedstock for the production of various chemicals and products, including synthetic rubber and plastics. The growing emphasis on quality and performance in industrial applications is driving demand for N Butane in this purity range, as industries seek to optimize their processes and improve end-product quality. As a result, this segment is expected to witness a steady increase in consumption as more companies turn to enhanced purity levels to meet regulatory and consumer demands for higher-quality products.

99%-99.5%:

N Butane with a purity of 99%-99.5% is commonly used in sensitive applications, including the production of high-quality petrochemicals and as a specialty solvent in various industrial processes. This purity level is essential in industries where the presence of impurities can significantly affect product performance. As environmental regulations become stricter, industries are increasingly adopting this purity grade to ensure compliance and maintain product integrity. The demand for 99%-99.5% purity N Butane is projected to grow as more companies prioritize quality and sustainability in their production processes, especially within the automotive and industrial sectors. This segment is likely to see strong growth as companies shift towards higher purity requirements.

Greater Than 99.5%:

N Butane with a purity greater than 99.5% is utilized primarily in high-end applications, such as in pharmaceuticals, specialized manufacturing processes, and high-performance aerosol products. This grade is crucial for industries that require the highest level of purity to avoid any contamination that could compromise product efficacy. The growing demand for high-purity chemicals in both existing and emerging industries is driving the growth of this segment. Moreover, advancements in production and purification technologies are making it increasingly feasible to produce N Butane at such high purity levels, thereby meeting the stringent requirements of specialized sectors. As industries continue to evolve with higher standards for quality, the market for N Butane with a purity greater than 99.5% is expected to experience significant growth.

By Application

LPG:

The application of N Butane in liquefied petroleum gas (LPG) is a significant driver for the market, as LPG is extensively used for cooking, heating, and even as a vehicle fuel in many regions. N Butane is blended with propane to enhance the performance and storage capabilities of LPG, thereby playing a crucial role in the energy sector. The increasing demand for clean energy alternatives is pushing growth in the LPG market, consequently elevating the demand for N Butane. Furthermore, the ongoing transition towards cleaner fuels in both residential and commercial sectors augments the N Butane demand in the LPG market. As developing regions expand their energy infrastructures and adopt cleaner cooking solutions, the utilization of N Butane in LPG applications is projected to grow robustly in the coming years.

Petrochemicals:

The petrochemical industry is one of the largest consumers of N Butane, where it is used as a feedstock for producing a variety of chemicals such as butylenes and isobutylene. The versatility of N Butane in petrochemical processes ensures its critical role in the production of synthetic rubber, plastics, and other essential chemical products. As the demand for petrochemical products continues to rise globally, driven by industrial growth and consumer demand, the consumption of N Butane in this sector is also expected to increase. The continuous advancements in petrochemical production technology and the expansion of refining capacities in emerging economies will further enhance the market for N Butane in petrochemical applications.

Refinery:

N Butane is commonly used in refineries as a blending agent to enhance the performance of fuels and other products. Its properties allow it to be effectively blended with other hydrocarbons to improve the overall quality and performance of gasoline and diesel fuels. The refining sector has witnessed a resurgence in recent years, with many refineries expanding their operations and optimizing their processes. This trend is anticipated to drive further demand for N Butane as refineries seek to improve product qualities and meet stringent environmental regulations. The growth of the global refinery market, particularly in regions such as Asia Pacific and the Middle East, is expected to positively influence the N Butane market as refineries look for effective blending solutions.

Aerosol Propellant:

The use of N Butane as an aerosol propellant is a significant segment, particularly in personal care and household products. Its properties make it an ideal choice for aerosol formulations, providing effective delivery and performance. The growing demand for aerosol products in the personal care industry, including deodorants, hair sprays, and other grooming products, is driving the N Butane market in this application. Additionally, the increasing trend towards environmentally friendly products has further bolstered the need for N Butane, as it is considered a cleaner alternative compared to other propellants. The expansion of the cosmetic and household aerosol market is likely to continually enhance the demand for N Butane as a propellant in the coming years.

Others:

Other applications of N Butane encompass a variety of uses, including its role in specialty chemicals and as a solvent in certain industrial processes. While this segment is smaller compared to the aforementioned applications, it still contributes to the overall demand for N Butane. Industries that require specific chemical formulations often rely on N Butane due to its favorable characteristics, including low boiling point and high solubility. As innovation progresses in chemical production and processing, the potential for N Butane in diverse applications is likely to expand, creating additional opportunities for market growth. The adaptability of N Butane allows it to serve multiple functions across different sectors, thereby ensuring its enduring relevance in the chemical landscape.

By Use Industry

Automotive:

The automotive industry is a major consumer of N Butane, primarily in the production of fuel additives and components that enhance engine performance. As vehicles become more fuel-efficient and environmentally friendly, the demand for high-quality fuel additives, including N Butane, is increasing. Furthermore, with the rise in vehicle ownership in emerging economies, the automotive sector's growth is expected to directly influence the demand for N Butane. As manufacturers continue to innovate and develop cleaner fuel options, the significance of N Butane in the automotive industry is projected to grow steadily, ensuring its place in future automotive technologies.

Residential:

N Butane is widely used in residential applications, particularly for heating and cooking purposes within liquefied petroleum gas (LPG) systems. As households increasingly adopt LPG solutions for their energy needs, the role of N Butane is becoming more pronounced. The push for cleaner, more efficient energy sources is driving growth in the residential sector as well. Additionally, as urbanization continues and infrastructure develops in emerging markets, the demand for residential energy solutions is expected to flourish, leading to heightened consumption of N Butane. This trend is likely to contribute significantly to market expansion in the years to come.

Commercial:

The commercial sector, including restaurants, hotels, and other hospitality services, is another vital end-user of N Butane, particularly for heating, cooking, and energy solutions. The increasing number of commercial establishments looking for efficient energy sources is propelling the demand for N Butane in this sector. As the food and hospitality industry continues to grow, the need for reliable energy solutions will drive higher consumption of N Butane. Furthermore, the shift towards environmentally sustainable energy practices in commercial settings is reinforcing the market for N Butane, making it an essential component of cleaner energy strategies.

Industrial:

In the industrial sector, N Butane is utilized across various applications, including petrochemicals, refining, and as a solvent in chemical processes. The diverse applications of N Butane within industrial settings allow for its broad use, making it a crucial component in many production processes. As industries continue to innovate and seek cost-effective solutions, the demand for N Butane is expected to increase consistently. The industrial sector's emphasis on optimizing processes and adhering to environmental regulations will further enhance the significance of N Butane as a chemical feedstock and processing agent, promoting market growth.

Others:

This category encompasses various other industries that utilize N Butane in specialized applications. While its presence in these sectors may be limited, N Butane serves essential functions in niche markets such as pharmaceuticals, specialty chemical production, and aerosol formulations. As industries evolve and the demand for tailored chemical solutions grows, the relevance of N Butane in these sectors is expected to expand. The versatility of N Butane allows it to cater to diverse needs across multiple industries, ensuring its continued importance in the market.

By Distribution Channel

Direct Sales:

The direct sales channel for N Butane allows manufacturers and distributors to provide products straight to end-users, ensuring a streamlined supply chain. This method enables companies to establish strong relationships with clients and tailor services to meet specific customer needs. Direct sales are particularly common in large-scale operations where volume orders are prevalent. By reducing intermediaries, businesses can optimize pricing and enhance customer service, leading to increased customer satisfaction. As industries demand higher quality and specialized products, the importance of direct sales channels is likely to grow, further solidifying their role in the N Butane market.

Distributor Sales:

Distributor sales play a vital role in the N Butane market by providing an essential link between manufacturers and end-users. Distributors often have established networks and expertise in navigating the complexities of regulatory compliance, logistics, and customer service. This channel enables manufacturers to reach a broader market, especially in regions where they may not have a direct presence. As the demand for N Butane continues to grow across various industries, distributor sales are expected to expand, offering customers convenient access to products. The collaboration between manufacturers and distributors will be crucial in meeting the evolving needs of the market.

Online Retailers:

The emergence of online retail platforms has transformed the distribution landscape for N Butane, providing customers with convenient access to products from various suppliers. As e-commerce continues to expand globally, online retailers are becoming increasingly significant in the N Butane market. Customers appreciate the ability to compare prices, read reviews, and make informed purchasing decisions from the comfort of their homes. The flexibility and efficiency of online shopping are particularly appealing to smaller businesses and residential consumers, driving demand for N Butane through these channels. As digital transformation progresses, the online retail sector is poised to grow, further influencing the distribution dynamics of N Butane.

Others:

This category includes alternative distribution channels that may not fall into the traditional categories of direct sales, distributor sales, or online retail. These channels can encompass various methods such as wholesale markets, specialty chemical suppliers, and other unique distribution networks tailored to specific industries. While this segment is relatively small, it represents an essential aspect of the N Butane market, allowing for targeted delivery to niche customers. As industries continue to diversify and evolve, the significance of these alternative distribution channels is expected to grow, fostering greater accessibility and flexibility in the market.

By Region

The North American region dominates the N Butane market, accounting for approximately 35% of the global share in 2023. The high demand for N Butane in various applications such as LPG, petrochemicals, and automotive fuels is a key driver behind this dominance. Moreover, the presence of major chemical manufacturers and refined fuel producers in the United States and Canada significantly contributes to the region's market strength. Furthermore, the ongoing investments in refining capacities and innovations in production processes in the region are expected to maintain and potentially increase the market share of N Butane in North America during the forecast period. The North American N Butane market is projected to grow at a CAGR of around 4% from 2025 to 2035.

In Europe, the N Butane market is expected to witness steady growth, driven by the increasing demand for cleaner fuels and stringent environmental regulations promoting the use of lower-emission energy sources. The European market is projected to hold approximately 25% of the global N Butane market share by 2035. The growth of the petrochemical sector, coupled with advancements in production technology, will further enhance the utilization of N Butane across various applications in the region. Additionally, countries like Germany, France, and the United Kingdom are spearheading the demand for N Butane as they transition to more sustainable energy practices, thereby establishing a favorable environment for market expansion.

Opportunities

The N Butane market presents several opportunities for growth, particularly in developing regions where urbanization and energy infrastructure are on the rise. As emerging economies continue to expand their energy needs, the demand for liquefied petroleum gas (LPG) is expected to soar. N Butane’s role as a key component in LPG will create significant growth potential for market players. The adoption of N Butane as a cleaner alternative to traditional fossil fuels in residential and commercial applications can stimulate investment in local production facilities and distribution networks, thereby enhancing overall market accessibility. Furthermore, governments are increasingly implementing policies that encourage the use of cleaner fuels, which could create new market opportunities for N Butane in sectors such as transportation and energy generation.

Additionally, technological advancements in extraction and purification processes are opening up avenues for producing higher purity N Butane at reduced costs. As companies innovate in refining methods and focus on improving operational efficiencies, they can meet the growing demand for specialized applications across various industries. Furthermore, the push for sustainability and environmentally friendly practices is driving industries to seek out cleaner alternatives, presenting significant opportunities for N Butane to thrive in diverse applications. As companies adapt to changing consumer preferences and regulatory frameworks, the N Butane market is well-positioned to benefit from these evolving dynamics.

Threats

Despite the promising growth prospects, the N Butane market faces certain threats that could impact its trajectory. One major concern is the volatility of crude oil prices, which can significantly influence the cost of production and market prices for N Butane. Fluctuations in oil prices can lead to unpredictable market conditions, making it challenging for producers to maintain consistent pricing and profitability. Moreover, the increasing focus on renewable energy sources and alternative fuels, such as hydrogen and electric solutions, poses a competitive threat to traditional hydrocarbon products like N Butane. As consumers and industries shift towards greener options, the demand for N Butane may be adversely affected.

Additionally, environmental regulations are becoming more stringent globally, compelling industries to seek out alternative fuels that have a lower carbon footprint. While this creates an opportunity for N Butane as a cleaner alternative, it also pressures companies to continuously innovate and improve their environmental performance. Failure to comply with evolving regulations could result in penalties and loss of market share. Lastly, geopolitical tensions can also create uncertainties in supply chains, impacting the availability and pricing of N Butane in certain regions. Companies must remain vigilant and adaptable to mitigate the risks associated with these threats while striving to capitalize on growth opportunities.

Competitor Outlook

• ExxonMobil Corporation
• Royal Dutch Shell plc
• BP plc
• Chevron Corporation
• Phillips 66
• Linde plc
• Air Liquide S.A.
• INEOS Group Limited
• TotalEnergies SE
• Dow Inc.
• Marathon Petroleum Corporation
• Repsol S.A.
• PetroChina Company Limited
• Reliance Industries Limited
• Sabic

The competitive landscape of the N Butane market is characterized by the presence of several key players who dominate the market through extensive production capabilities, innovative technologies, and strong distribution networks. Major companies, such as ExxonMobil and Royal Dutch Shell, have established themselves as leaders in the hydrocarbon sector, leveraging their size and resources to maintain a competitive edge. These companies are continually investing in research and development to enhance their production processes and develop higher purity N Butane, ensuring they meet the increasing demands of diverse applications. Furthermore, strategic partnerships and collaborations among key players in the market are common, allowing for shared expertise and resources to tackle challenges and seize new opportunities.

Companies like Linde and Air Liquide are also making significant strides in the N Butane market, focusing on developing more efficient production methods and expanding their distribution networks. Their emphasis on sustainability and environmental responsibility aligns with the growing trend towards cleaner fuel alternatives. Additionally, companies such as INEOS and TotalEnergies are investing heavily in new technologies to streamline operations and reduce emissions, thereby enhancing their market positioning. As competition intensifies, these companies are well-positioned to capitalize on the growing demand for N Butane across various sectors, ensuring they remain relevant in an evolving market landscape.

Emerging players in the N Butane market are also gaining traction by focusing on niche applications and specialized products. Companies like Reliance Industries and Sabic are expanding their portfolios by developing innovative solutions tailored to the needs of specific industries. This strategy allows them to differentiate themselves in a competitive market while catering to the evolving demands of consumers. As the market continues to grow, these emerging players will likely play a crucial role in shaping the future of the N Butane industry, driving innovation and fostering competition. Overall, the competitive landscape is expected to evolve as market dynamics change, with established companies and emerging players vying for market share in a rapidly growing sector.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 Sabic
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 BP plc
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Dow Inc.
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Linde plc
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Phillips 66
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Repsol S.A.
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Air Liquide S.A.
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 TotalEnergies SE
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Chevron Corporation
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 INEOS Group Limited
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Royal Dutch Shell plc
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 ExxonMobil Corporation
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 PetroChina Company Limited
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Reliance Industries Limited
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Marathon Petroleum Corporation
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 N Butane Sales Market, By Purity
    • 6.1.1 Less Than 95%
    • 6.1.2 95%-98%
    • 6.1.3 98%-99%
    • 6.1.4 99%-99.5%
    • 6.1.5 Greater Than 99.5%
  • 6.2 N Butane Sales Market, By Use Industry
    • 6.2.1 Automotive
    • 6.2.2 Residential
    • 6.2.3 Commercial
    • 6.2.4 Industrial
    • 6.2.5 Others
  • 6.3 N Butane Sales Market, By Distribution Channel
    • 6.3.1 Direct Sales
    • 6.3.2 Distributor Sales
    • 6.3.3 Online Retailers
    • 6.3.4 Others

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 N Butane Sales Market by Region
  • 10.5 North America - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 USA
      • 10.5.1.2 Canada
  • 10.6 Middle East & Africa - Market Analysis
    • 10.6.1 By Country
      • 10.6.1.1 Middle East
      • 10.6.1.2 Africa

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global N Butane Sales market is categorized based on

By Purity

• Less Than 95%
• 95%-98%
• 98%-99%
• 99%-99.5%
• Greater Than 99.5%

By Use Industry

• Automotive
• Residential
• Commercial
• Industrial
• Others

By Distribution Channel

• Direct Sales
• Distributor Sales
• Online Retailers
• Others

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• ExxonMobil Corporation
• Royal Dutch Shell plc
• BP plc
• Chevron Corporation
• Phillips 66
• Linde plc
• Air Liquide S.A.
• INEOS Group Limited
• TotalEnergies SE
• Dow Inc.
• Marathon Petroleum Corporation
• Repsol S.A.
• PetroChina Company Limited
• Reliance Industries Limited
• Sabic