Investing in timely Market for African Crude Oil 1.7 Million Barrels Per Day would be utilized in this year by Dangote Refinery and Ten African Refineries in the African Landmass

Posted On 02 Jan 2023

By : New Africa Business News, Staff Correspondent

By Abdul Rahman Bangura-

Photo Credit: La Croix

NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- The cost of crude oil sanded bigger on Monday January 02, 2022, as China began again to open up after the Novel Corona Virus (COVID-19) while Russia inferred at a generation cut amidst winter storm across North America.

The 1.7 million bpd is anticipated to be depleted by refineries on the mainland could be to change the narratives in storms,(160, 000 bpd), Assiut Hydrocracker (90,000 bpd) and Hassi Messaoud Refinery in Algeria (100,000 bpd).

Others are South Africa’ Astron Restart (100, 000 bpd), Cabinda Refinery of Angola, (60,000 bpd), and Ghana’s Sentuo refinery (120, 000).

The development arrives as the Nigerian Oil and Gas Suppliers Association (NOGASA) petroleum refineries in the nation, particularly the Port Harcourt Refinery Company (PHRC), is slated to commence refining crude oil last December.

NOGASA President, Benneth Korie and the Minister of State for Petroleum Resources, Timipre Sylva, have verified the timeline.

Korie said the resumption of domestic refining will alleviate the problem of Premium Motor Spirit (PMS) petrol shortage and soaring prices, Korie asserted.

For New Africa Business News (NABN) Abdul Rahman Bangura Reports, Africa Correspondent

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14 Comments

Ella January 2, 2023 at 4:48 am Reply

Happy new year to your group of journalists and audiences. Ella in Asmara, Eritrea
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Thank you very much as always for covering Afrika. Happy New Year. Poloko in Gaborone BOTSWANA
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Happy 2023. Thank you for the news. Beira in Mozambique. Maria
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Abez January 2, 2023 at 4:55 am Reply

Another new year. Happy happy new year. Addis Ababa in Ethiopia. Abez
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Thank you for the newsletters. And happy 2023. Nairobi in Kenya. Kenneth
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Wishing you all happy 2023. Rabat in Morocco. Fatiha
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Bishop January 2, 2023 at 5:02 am Reply

Thank you, Journalist Bangura and your teams. Happy 2023. Thank you for covering the continent we all love dearly. Long live Mama Afrika. Kigali Rwanda. Bishop
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