Why oil sector is not growing, by Sahara Group

Inadequate refining capacity, insufficient storage, and impeded product movement across Africa are the three major impediments slowing the growth of theAjibade, in a paper entitled: “Africa Downstream Market Developments and Forecast” presented at the recently concluded Africa Refiners and Distributors Association Week 2024 in Cape Town, South Africa, said addressing these gaps would transform Africa’s downstream petroleum industry.

According to him, a collaborative solution which involves regulators, operators, investors, financial institutions, and government owned oil companies is required to help the African downstream sector to reach its full potential and provide reliable and affordable energy access to the continent’s growing population.

“Investments in refinery upgrades, pipeline modernisation, and the construction of new storage facilities will be crucial to overcoming these challenges and unlocking the region’s energy security and economic development,” he added.

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Sahara Group installs wind turbines at Egbin to reduce carbon footprintSahara Group has moved to prevent teh yearly estimated emission of 35,793,360g of CO2 through the installation of wind turbines
Source: GuardianNigeria - 🏆 1. / 94 Read more »

Why PDP can’t advise Tinubu on governance, says groupNigeria's pro-democracy group, The Democratic Front TDF has cautioned the Peoples Democratic Party PDP against dabbling into issues they know nothing about, saying the country's main opposition cannot arrogate to itself the knowledge to reposition the nation’s economy having plunged it into ruins for 16 years.
Source: vanguardngrnews - 🏆 5. / 75 Read more »

Why APC national chairmanship position must be returned to north central, by GroupThe Nation Newspaper Why APC national chairmanship position must be returned to north central, by Group
Source: TheNationNews - 🏆 6. / 69 Read more »

Why Wike should be PDP national leader, by northern groupThe Nation Newspaper Why Wike should be PDP national leader, by northern group
Source: TheNationNews - 🏆 6. / 69 Read more »

Flashback: When Newton Jibunor drove from London to Nigeria through Sahara desert in 1966“On the night I was leaving London, many friends gathered to say goodbye.”
Source: PremiumTimesng - 🏆 3. / 78 Read more »

Group Celebrates World Malaria Day, Sensitises Katsina Communities On Environmental HygieneThe group also distributed free mosquito-treated nets to most of the houses in the community to mark the day.
Source: channelstv - 🏆 7. / 63 Read more »