{"id":16285,"date":"2024-04-23T08:59:03","date_gmt":"2024-04-23T08:59:03","guid":{"rendered":"https:\/\/techandbiz.com.ng\/tab-backup\/?p=16285"},"modified":"2024-04-23T08:59:46","modified_gmt":"2024-04-23T08:59:46","slug":"africas-downstream-opportunities-take-the-forefront-as-african-refiners-and-distributors-association-arda-executive-secretary-joins-african-energy-week-aew-2024","status":"publish","type":"post","link":"https:\/\/techandbiz.com.ng\/tab-backup\/2024\/04\/23\/africas-downstream-opportunities-take-the-forefront-as-african-refiners-and-distributors-association-arda-executive-secretary-joins-african-energy-week-aew-2024\/","title":{"rendered":"Africa\u2019s Downstream Opportunities Take the Forefront as African Refiners and Distributors Association (ARDA) Executive Secretary Joins African Energy Week (AEW) 2024"},"content":{"rendered":"
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The Executive Secretary of the African Refiners and Distributors Association (ARDA), Anibor Kragha, will speak at the African Energy Week (AEW): Invest in African Energy conference – taking place from November 4\u20138 in Cape Town. Kragha\u2019s return to the conference will not only improve the understanding of the state of play of Africa\u2019s downstream industry but draw insight into strategies for addressing challenges to the sector\u2019s development.<\/p>\n

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Africa is advancing its downstream infrastructure under efforts to scale-up energy security continent-wide. As the sole pan-African organization representing the African downstream sector, ARDA is at the forefront of this expansion, advocating for increased investment in infrastructure development and modernization and promoting greater participation by local companies. With African petroleum demand set to increase from current estimates of 4.1 million barrels per day (bpd) to over 5.3 million bpd by 2040, strengthening refining capacity and distribution is critical. During AEW: Invest in African Energy, Kragha will outline investment opportunities in this area.<\/p>\n

AEW: Invest in African Energy is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit<\/em>\u00a0www.AECWeek.com<\/em><\/a>\u00a0for more information about this exciting event.<\/em><\/p>\n

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ARDA is spearheading both the rollout of new facilities as well as the modernization of existing downstream infrastructure to meet the continent\u2019s needs<\/p><\/blockquote>\n<\/div>\n

Across the continent, efforts to bolster refining capacity to meet rising demand for petroleum are leading to new developments taking off across the downstream sector. In Nigeria, the Dangote Refinery – Africa\u2019s largest refining facility \u2013 started producing diesel and aviation fuel in January 2024. The 650,000-bpd facility will cater to Nigeria\u2019s domestic energy requirements while positioning the country as a key exporter upon full operational capacity \u2013 likely expected in mid-2025. The Nigerian National Petroleum Corporation, an ARDA member, is also advancing the upgrading of the Port Harcourt refinery, with operations slated to commence in 2024 following the receipt of crude oil shipments from Shell in February.<\/p>\n

Meanwhile, the first phase of Sentuo Oil Refinery Limited\u2019s 120,000-bpd refinery in Ghana started operations in January 2024. The facility will process two million tons per annum of crude oil in the first phase and five million tons in the second phase, supporting the country\u2019s industrialization efforts<\/em>. While in Gabon, plans are underway to expand the processing capacity of the Port Gentil refinery to meet the rising demand for diesel and butane.<\/p>\n

In Angola, national oil company (NOC) Sonangol \u2013 an ARDA member \u2013 awarded a project management contract for the 200,000 bpd Lobito Refinery to engineering firm KBR in April 2024. The contract advances the construction of the $6 billion facility. Once operational, the facility will be Angola\u2019s largest refinery, increasing the country\u2019s oil processing capacity by 200%. Angola is also developing several other refinery projects, including the 60,000 bpd Cabinda and 100,000 bpd Soyo facilities \u2013 all of which aim to <\/em>bolster regional energy security by leveraging Angolan oil and gas resources. Progress is underway to modernize the existing Luanda Refinery which is responsible for 20% of the country\u2019s demand.<\/p>\n

In addition to refining, African countries are investing heavily in oil and gas storage capacity. Notably, Botswana Oil Limited, a member of ARDA and the country\u2019s NOC, is seeking proposals for the Tshele Hills Oil Storage Development project, furthering Botswana\u2019s fuel storage infrastructure for enhanced energy security. A tender was issued in November 2023, offering a strategic opportunity for downstream investors. The Kenya Pipeline Company is also committed to increasing storage capacity in the country, acquiring the now-defunct Kenya Petroleum Refineries Ltd\u2019s assets in 2023. With the acquisition, the company has assumed management of 45 storage tanks with a capacity of 484 million liters, as well as the new Kipevu Oil Terminal 2 \u2013 which will double the country\u2019s handling capacity from 35,000 tons.<\/p>\n

\u201cMeeting the growing demand for petroleum across Africa requires significant investments across the downstream sector. ARDA is spearheading both the rollout of new facilities as well as the modernization of existing downstream infrastructure to meet the continent\u2019s needs. The association will continue to be instrumental in ensuring Africa meets its goal of making energy poverty history by 2030,\u201d stated NJ Ayuk, the Executive Chairman of the African Energy Chamber.<\/em><\/p>\n

Boasting a membership of 74 African oil refiners, importers, terminal operators, energy marketers, distributors and regulators, ARDA facilitates the exchange of technical and commercial best practices, advancing the growth of Africa\u2019s downstream industry. At AEW: Invest in African Energy 2024, Kragha will engage in high-level panel discussions, spotlighting Africa\u2019s downstream project pipeline and attractive investment opportunities.<\/p>\n<\/div>\n<\/div>\n

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    The Executive Secretary of the African Refiners and Distributors Association (ARDA), Anibor Kragha, will speak at the African Energy Week (AEW): Invest in African Energy conference – taking place from November 4\u20138 in Cape Town. Kragha\u2019s return to the conference will not only improve the understanding of the state of play of Africa\u2019s downstream industry […]<\/p>\n","protected":false},"author":1,"featured_media":16286,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,366,323],"tags":[],"class_list":["post-16285","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-economy","category-energy"],"_links":{"self":[{"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/posts\/16285","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/comments?post=16285"}],"version-history":[{"count":0,"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/posts\/16285\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/media\/16286"}],"wp:attachment":[{"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/media?parent=16285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/categories?post=16285"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/tags?post=16285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}