African Oil Demand Surges

摘要

Oil product demand in sub-SaharanAfrica rose by a hefty 7.8% to 1.7 millionb/d last year, with demand in West andCentral Africa - led by Nigeria - easilyoutpacing growth in the larger East andsouthern African markets, according to dataamassed by London-based African down-stream analyst Citac.The data, which are notoriously difficultto gather given the opacity of Africa'sdownstream markets, suggest a 14.7%surge in West/Central African demand to796,000 b/d. Nigeria, which accounts for50% of the West/Central market, was themain driver, notching up growth of 20% toaround 411,000 b/d. The trend was led bygasoline, which accounts for around 45%of Nigerian demand.