The African oil industry has attracted over $30-billion investment in logistics, distribution, storage terminals, import facilities and retail marketing in recent years. Gas production and liquefied natural gas (LNG) production are projected to increase by two percent and one percent, respectively. In Nigeria, for example, oil production is rebounding. In Egypt – Africa’s largest refiner – the Egyptian General Petroleum Corporation has announced a mammoth investment program for its eight refineries. Note that change has been rapid and widespread in Africa’s oil and gas landscape.

Source: The North Africa Journal April 01, 2019 12:11 UTC