Nanotechnology is the modern way of developing the products, which results the high efficiency of nanomaterial’s use in the hydrocarbon recovery processes. Due to unique physico-chemical properties of nonmaterial have lead to their application in the field of petroleum processing industries, such as exploration, reservoir characterization, drilling, cementing, production and stimulation, enhanced oil recovery (EOR), refining and processing. In this review applications of nanotechnology through nano-catalysis in petro-refining processes, recent development of nonmaterial’s were summarized. Finally, an outlook on the current challenges and some prospects for the future applications is also highlighted.