Marine fuel regulation change to create African winners and losers
The African upstream may be well placed to benefit from IMO 2020, but it poses significant wider risks to the region
The new International Maritime Organisation (IMO) regulations changing the quality of shipping fuel from January 2020 will have a global effect on oil prices. And the impact of the new regulations on the African oil sector in particular will be profound, given the mix of lower and higher sulphur in oil production in different production centres. Further downstream, there are generally fewer complex refineries in Africa; there are government subsidies for road transport fuels; there is a higher dependence on imported fuels (which are expected to increase in price); and a higher proportion of power generation fed by high sulphur fuels. The challenges posed by the new regulations should be unde
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
