oilandgasfield

Africa’s Oil Products Conundrum

  • Most African states unprepared to meet growth in demand for oil products with domestic production
  • Africa’s shortage of refinery capacity exacerbated by plant shutdowns, strikes and sabotage to facilities
  • Uncertainty over new Nigerian legislation threatens future investments in the country’s petroleum industry
  • Some old projects revived but at great expense
  • US could become major oil products supplier to the continent

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