New refining capacities expected to come on stream in Nigeria and other African countries in the next few years may increase pressure on existing plants on the continent , the Organisation of the Petroleum Exporting Countries has said .
OPEC , in its newly released 2020 World Oil Outlook , estimated refining capacity additions between 2020 and 2025 at around 5 . 2 million barrels per day based on the review of announced and planned refinery projects.
“ Significant capacity additions are also expected in Africa in the medium – term period . Additions of new refining capacity are clearly in line with oil demand growth expectations , which show positive trends in most developing countries, ” it said .
According to the report , the additions expected in Africa total around 0 . 8 million bpd or 15 per cent of the global volume .
It said , “ The largest project expected to come online is the Dangote refinery in Nigeria in 2022 , as well as several smaller projects in Egypt and Algeria .