Against a backdrop of low and volatile oil prices, the African oil and gas industry is facing funding challenges and global competition. CAPEX continues to remain under extreme pressure, with many scrambling to cut costs as prices plummet.
Furthermore Africa’s oil and gas industry has faced major disruption in the past that has hampered the continent’s oil and gas potential.
The future lies in Africa’s ability to be innovative, to lower costs, and to adapt. Operators must take advantage of the new reality that their downstream businesses’ have the potential to avert some of the losses from their upstream portfolios.
Consequently refiners and petrochemical producers must harness technological advances to improve their capacities and operating efficiencies, and maximize the value chains of their products by expanding further downstream. Government policy and reaction will be a critical factor in determining attractiveness for investment in Africa versus the rest of the world.
Looking specifically to North Africa, the region sees both Egypt, the largest oil producer in Africa outside of OPEC, and Algeria, Africa’s largest natural gas producer. As both these governments look to taken on increasing roles in international energy markets, countries are now seeking to get their downstream industries back on track. Both Egypt and Algeria have great potential when it comes to refining and petrochemicals.
The World Refining Association events and reports in Africa are used by the industry as a key tool in helping the region’s leading refiners and petrochemical producers to realize further value and opportunities downstream, whilst assessing the prospects, challenges and realities for the sector. For international service and technology providers it is now more important than ever to be visible in this expanding market.
Our downstream events and exhibitions are all supported by and have large representation from Ministries, IOCs, NOCs, and Regulators giving you a critical opportunity to stay close to resource holders.
Ministries, IOCs, NOCs, and Regulators we work with in Africa include:
- Ministry of Petroleum and Mineral Resources, Egypt
- African Refining Association
View our African conference and exhibitions portfolio here: