‘Nigeria to account for 24% of and gas projects commencing operations in Africa by 2026’

Oil Review Africa | May 10, 2022 at 8:40 AM
  • GlobalData’s report, Africa Oil and Gas Projects Analytics and Forecast by Project Type, Sector, Countries, Development Stage, Capacity and Cost, 2022-2026, has revealed that out of the 109 projects expected to commence operations in Nigeria, petrochemicals would account for 14, upstream (fields) 26, midstream 31 and downstream (refineries) would have the highest amount with 38.
  • Among the upcoming refinery projects in Nigeria, Lagos is a key project with a total capacity of 650 thousand barrels per day (mbd) expected to start operations in 2022.
  • It is the largest individual refinery in Africa and it is currently in the construction stage.