Seven new modular refineries with a combined capacity of 83,000 barrels a day are projected to begin operating in Nigeria in 2027, according to Argus Media analyst George Maher-Bonnett.
Maher-Bonnett presented the forecast at the OTL Africa Downstream conference in Lagos on Wednesday, in a presentation titled African Energy Outlook.
The projected capacity compares with 32,000 barrels a day for the four modular refineries he said were operating in September. The forecast concerns planned additions, not facilities already producing fuel.
The presentation did not identify the seven proposed refineries, their owners or locations, or give individual capacity figures and commissioning schedules.
Maher-Bonnett said domestic fuel demand had fallen this year because of higher prices, while increased output from the Dangote Petroleum Refinery was improving Nigeria’s self-sufficiency in petroleum products.
He also pointed to weaker economics for shipments of petroleum products from Europe to West Africa, with freight costs adding to the pressure on those trading routes.
Sources: Punch; Daily Post
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