Africa bucks global refining trend
Despite oil companies the world over mothballing old refineries and putting new projects on hold, there has been a recent bustle of activity in sub-Saharan Africa
Three countries—Congo, Angola and Nigeria—have seen the bulk of the activity. Congo (Brazzavile) is pressing ahead with a $600mn integrated export refinery and petrochemical complex, while Angola is building three new facilities and tripling gasoline production at its Luanda refinery. The Dangote Group expects the first phase of its 650,000bl/d Nigerian refinery—the continent’s largest—to be completed in January. Tendering is also under way for the long-awaited rehabilitation of Nigeria’s four state-owned facilities. A scattering of smaller, modular refineries are also in the works. “There has been a flurry of small African refining projects just as shutdown announcements of European and Ame
Also in this section
24 April 2024
But even planned exploration activity is unlikely to reverse declining output from mature fields
23 April 2024
Cheaper Russian barrels and lower overall crude prices have helped cut key oil consumer’s import bills in election year
22 April 2024
Pursuing three different goals as part of the same package may mean achieving none of them
22 April 2024
Beijing’s renewed targeting of NOC management could threaten investment