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Petroleum Refining in Nova Scotia

Author.Name IBISWorld Canada Last Updated: August 2025 NAICS NS32411CA

Petroleum Refining in Nova Scotia industry analysis

Revenue for the Petroleum Refining industry in Nova Scotia is expected to grow an annualized x.x% to $x.x billion over the five years to 2025, while revenue for the national industry will likely grow at x.x% during the same period. The number of industry establishments has stagnated an annualized x% to x locations over the past five years. Industry employment has increased an annualized x.x% to xx workers during the period, while industry wages have increased an annualized x.x% to $x.x million.

The number of industry establishments is forecast to stagnate x% to x locations over the next five years. Industry employment is expected to decrease an annualized -x.x% to xx workers during the outlook period, while industry wages likely decrease -x% to $x.x million.

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About the Petroleum Refining in Nova Scotia Market Research Report

What’s Included in the Petroleum Refining in Nova Scotia Market Research Report

Definition of the Petroleum Refining in Nova Scotia?

This industry refines crude petroleum through fracking and distillation to produce gasoline, diesel fuels and other fuel oils.

What’s included in the Petroleum Refining in Nova Scotia?

The Petroleum Refining in Nova Scotia includes production of gasoline, production of diesel fuels, production of fuel oil, production of aviation fuel, production of heating oil and production of liquefied petroleum gases. Related terms covered in the Petroleum Refining in Nova Scotia industry report includes an oil sand extraction technique where steam or solvents are injected into oil sand reserves to lower viscosity, permitting oil to flow into wells, the thickness of crude oil and petroleum products. low viscosity crude oil typically has lower refining costs, the difference between the value of refined petroleum products and cost of crude oil inputs. profit margin for petroleum refineries and a unit of measure for crude oil and petroleum products. one cubic metre is equal to about 6.3 barrels.

Industry Performance of the Petroleum Refining industry in Nova Scotia

Benchmark the Petroleum Refining in Nova Scotia industry performance with all NS Census Metropolitan Area and national performance.

Petroleum Refining in Nova Scotia

#9 in Highest Revenue 1.8% of province's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Petroleum Refining in Canada


Revenue (2025)
Annual Growth (2020-25)
Annual Growth ()

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Key Drivers of the Petroleum Refining industry in Nova Scotia

See how key industry drivers, such as population, net migration, private investment in residential construction, world price of crude oil, us gross domestic product (gdp) and canadian effective exchange rate index are impacting Petroleum Refining in Nova Scotia

Nova Scotia Economic Indicators

Population
Net Migration
Private Investment in Residential Construction

View more economic information in NS State Economic profile

Canada Key External Drivers

World price of crude oil
US Gross domestic product (GDP)
Canadian effective exchange rate index

For the full list of industry drivers, see report purchase options.

Census Metropolitan Area Data of the Petroleum Refining industry in Nova Scotia

Key Statistics of the Petroleum Refining industry in Nova Scotia

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Petroleum Refining industry in Nova Scotia in 2025?

The market size of the Petroleum Refining industry in Nova Scotia is $1.9bn in 2025.

How many businesses are there in the Petroleum Refining industry in Nova Scotia in 2025?

There are 1 businesses in the Petroleum Refining industry in Nova Scotia, which has been declining at an average annual rate of 0.0% from 2020 to 2025.

Has the Petroleum Refining industry in Nova Scotia grown or declined over the past 5 years?

The market size of the Petroleum Refining industry in Nova Scotia has been growing at an average annual rate of 6.5% from 2020 to 2025.

How many employees in the Petroleum Refining industry in Nova Scotia in 2025?

There are 76 employees in the Petroleum Refining industry in Nova Scotia, which has been growing at an average annual rate of 1.4% from 2020 to 2025.