December 2017

Columns

Africa: The rise in Africa’s oil storage infrastructure investments

The drop in crude oil prices, a growing transportation sector and an underperforming crude processing industry have created a strong demand for additional storage facilities in Africa, which is the preferred method of meeting fuel consumption requirements.

Oirere, S., Contributing Editor

The drop in crude oil prices, a growing transportation sector and an underperforming crude processing industry have created a strong demand for additional storage facilities in Africa, which is the preferred method of meeting fuel consumption requirements. African refined petroleum product importers are investing in modern oil storage facilities to enhance their energy security, and to increase or retain their market share. These investments are important in the region, which is estimated to hold more than 129 Bbbl of crude oil, and where fossil fuels are expected to account for 80% of total energy demand by 2035. Despite a challenging regulatory framework in some countries, including Kenya

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