By Moses Patience Chat
The African Refiners and Distributors Association (ARDA) has predicted that investments in refineries, such as that of the newly commissioned Dangote Refinery Complex, would positively impact the petroleum products supply chain dynamics of various African countries.
This was revealed in a statement issued by the Association’s Executive Secretary (ES) and Former Chief Operating Officer (COO), Refining and Petrochemicals, of the Nigerian National Petroleum Company (NNPC) Limited, Mr. Anibor Kragha.
In the statement, he noted that projects such as the Dangote Refinery would play a critical role in driving Africa’s energy transition roadmap.
Kragha stated that large-scale downstream industry investments are fundamental for Africa to refine its own crude oil and create a robust intra-African energy market amidst the global geopolitics and energy transition concerns.
His words: “Successful investments like the Dangote Refinery will positively impact the petroleum products supply chain dynamics of various African countries and that it will be critical for the continent to develop and implement a unique, integrated, sustainable African downstream energy transition roadmap that will prioritize cleaner, low-sulphur fuels and carbon emissions reduction efforts in the near-term and mature, cost-effective renewable energy solutions later.”