Issue 508 PDF: Refining projects jump-start as African demand for products surges

African Energy Issue 508 cover
Issue 508 - 25 Jun 2024

The issue leads with a series of articles examining the state of Africa's refineries and downstream sector. Although unfashionable, refineries are likely to prove increasingly important to Africa’s energy security, with investors backing new downstream projects in Nigeria, Angola, Uganda and South Africa. These are expected to narrow the refined products trade imbalance in sub-Saharan Africa, where backers also highlight the role of ‘transition fuels’ such as LPG

The package includes articles focused on Angola, Nigeria and South Africa and an updated refineries, CTL and GTL map.

Power coverage includes an examination of the news that Guinea and Russia’s State Atomic Energy Corporation (Rosatom) have signed a memorandum of understanding to deploy floating nuclear power capacity.

African Energy also looks at suggestions that Kenya's ban on new IPPs could be ended ‘within months’ and takes a look at the progress being made with Egypt’s giga-scale wind ambitions.

Upstream oil and gas coverage leads with Libya, where NOC's failure to account for its multi-billion dollar budgets is now threatening operations, while two rival ministers compete for control and services giant Schlumberger has threatened to suspend operations until its debts are paid.

African Energy also looks at the continuing souring of relations between Niger and Benin. Any sense of optimism prompted by the first cargo of Nigerien oil exports leaving Benin’s Sèmè-Kpodji port in mid-May has been quickly extinguished, with a planned second shipment cancelled after Benin arrested five Nigerien pipeline employees at the port.

Finance and policy coverage looks at AfDB's ever increasing ambitions for infrastructure development and a wide range of other initiatives, including support for the proposed multi-user Liberty infrastructure corridor, which would enable production from HPX’s Mount Nimba iron ore play and increase demand for power from regional hydroelectric schemes.

The African Energy View focuses on the huge upscaling of private investment needed for Africa to increase energy access and industrialise.

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