March 2017

Trends and Resources

Business Trends: Africa—Will increasing demand spark downstream capacity builds?

Over the past decade, Africa’s oil demand has increased by more than 1 MMbpd, to nearly 3.9 MMbpd. Africa’s oil production is more than double the amount it consumes, but lack of investment, failing infrastructure and inadequate refining capacity force the continent to rely on imports to satisfy increasing fuel demand.

The Author

Nichols, Lee - Hydrocarbon Processing Staff, Houston, Texas

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