The end of the mass-sale of the majors’ assets left space for smaller players and adjustments only. But fast-growing markets, driven by demand for transport fuels, vehicle fleet growth and population and urbanisation trends, opened opportunities for organic and small-scale inorganic (i.e. via acquisitions) growth of existing players and new entrants.
The authoritative reference publication on the refining industry in Africa
Across the globe, environmental issues are increasingly becoming the focus of civil society, companies and governments. In Africa, most of the discussions and progress have concentrated on changing specifications, particularly sulphur limits in gasoline and gasoil.
More than 500 delegates, from 123 companies, representing 48 countries, contributed to the success of this event.
The international crude oil market has suddenly become volatile than at any time in the past five years.
CITAC studies the impact on refiners, shipping and the bunker supply chain of the introduction of global low sulphur bunkers for shipping.
The oil product retail sector in Africa has undergone big changes over the course of the past 20 years.
ECOWAS, together with its partners the African Refiners and Distributors Association (ARA) and the African Petroleum Producers’ Organisation (APPO), launched a study for the development of a regional framework for the harmonisation of fuel grade and vehicle emission standards.
Any investment in the petroleum refining business, which is typically capital-intensive and prone to market volatility, has to be made with a long-term view, perhaps in excess of 20 years.