Africa requires $17.7bn to invest in petroleum facilities

Africa will need $15.7 billion to upgrade its 36 facilities to produce petroleum products that conform with the level of sulphur content.
The African Refiners and Distributors Association (ARDA) said that the amount is what a refinery may needs to be upgraded from the Engineering, Procurement and Constructions (EPC) stage, with its AFRI-6 initiative, aimed at reducing sulphur content in fuels to 10 parts per million (ppm) in the coming years.
Speaking at a workshop organised by ARDA on “Upgrading African Refineries to Produce Cleaner Fuels,” Executive Secretary of the organisation, Mr. Anibor Kragha revealed that North Africa with 17 refineries would require capital expenditure of $5.955 billion for refineries upgrade………….TO CONTINUE READING CLICK ON