OPTIMISTIC OUTLOOK FOR REFINING CAPACITY IN NIGERIA

摘要

ACCORDING TO A report by Global Data, Refining Industry Outlook in Middle East and Africa to 2022, the Middle East and Africa will account for 42.6 per cent of the total global refining capacity. The total refining capacity in the region is expected to increase from 15.5 million barrels per day (mbd) in 2018 to 21.7 mbd in 2022. And Nigeria is predicted by Global Data's analysts to lead the way in terms of capex for refining projects - new build capex spending for the entire region is estimated at US$215.3bn and Nigeria is expected to lead the way with 25 per cent of this being spent in the West African country by 2022.