M a r k e t N e w s

Investment and Infrastructure development in EA OIL & GAS

Posted on : Saturday , 24th November 2018

The Head of East Africa oil & gas sector at Standard Bank, Mr. Maina Kigundu, said that "Foreign exchange burden of importing and distributing the refined oil and gas products will maintain balance of payment challenges while liberating much needed foreign exchange for more strategic human development."

He also mentioned that there is an increase in foreign exchange that is required to meet the regions expanding need for oil and gas product, while this is driving away the important for East Africa's government to build an important oil and gas infrastructure that is capable of decreasing the regions import of refined products.

It has been expected that the impact of this growth will lead the regional ecosystem for oil production and natural gas supply.

This may also increase the efficiency and security of supply.

Further, there are also expectations that the cost of refined products to consumers will reduce in the long term.

Since East africa has always been an importer of refined oil and gas, specially from Middle East, the majority of this products are imported to the region through Mombasa in Kenya and even through Dar-e-salaam in Tanzania.

There has been only one significant importer of crude oil and that is South Sudan.

In 2021, Uganda's first production is expected and also expected to cross the same production at 200000 bpd by 2026.

While this increase will benefit Uganda to be the fourth largest oil producer in Sub-Saharan Africa.

Whereas, Kenya will be positioned as nineth largest oil producer in Sub-saharan Africa by increasing its production to 60000 bpd by 2026.

Further, this growth will benefit the region as it will increase local oil production of East africa which will transform the refined products infrastructure and will also increase the investment and development of East Africa's oil and gas sector.

Source : OGPEnewz
Featured Companies
  • Bajaj Auto
  • Tire Group International, LLC.
  • /
  • TITAN Containers A/S
  • Your Banner HERE!

Complete List  

Advertisers in previous issue:

  • Manufacturer & Trader of coil winding machines, toroidal coil winding machines, wire bunching machines, complete winding solution
  • Multi feedstock batch processing biodiesel equipment
  • Fuel Metering System
  •  Global Air Freight Solutions For Oil & Gas Shipments
  •  Portwest is a global vertical company with over 100 years of experience in the design, manufacture and supply of protective clothing, safety footwear, specialist gloves and PPE to resellers and distributors at the most competitive prices.
  • Manufacturers & Exporters of hand tools, garden tools & leatheer tool pouches.
  • Speco Ltd. is the leading manufacturer & supplier of Asphalt Mixing Plant, Concrete Batching Plant, Crushing Plant & Optimized Integrated Flue Gas Treatment System.
  • A world leading name in Heat Transfer Technology
  • Prisma s.r.l. is an industrial reality, qualified in the study and the production of automatic doors for lift.
  • Manufacturer of extrusion lines,extruders and down stream equipment.
  • VALSER Oil & Gas Limited was created to service the oil & gas, petrochemical, refining and power industries in East Africa
  • Al Hosni Group International, has the experience and expertise in Construction, Manufacturing, Marketing, Hospitality, Chemicals, Gas services and environmental projects.
  • Specialty and Custom Chemicals Exhibition
  • From a modest beginning in 1955, the IGP Group today provides over 50 products and services to the core sector.
  • REGO GmbH is the Rego Distribution Center located in Central Germany.
  • FAS Flüssiggas-Anlagen GmbH, Salzgitter, is one of the leading manufacturers and suppliers of LPG fittings and components for complete stations for the storage
  •  BMC China Exhibition Co., Ltd is the wholly-owned subsidiary of German Enerxy AG Group
  • Manufacturer of heavy duty machinery
  • All type conveyor belts for internal & external location tapis roulant de tout genre pous deplacement a l
  • ISISAN is a core member of a group who employs, approx 2000 people and active in pipe manufacturing, furniture, machine made carpets, flour mill and animal feed production.
  • Ducorr is engaged in the engineering, manufacture & deployment of cathodic protection systems and products.
  • Ravi Enterprise is a professionally managed organization, established as a reliable source of industrial heaters.
  • Chemicals,Environmental & Sewage,Treatment Laborotory;Equipments Analytical Equipments & Instraments;etc.
  • Narrowtex is a fully integrated company with processes such as warping, weaving, knitting, dyeing, finishing, make-up and packaging
  •  TITAN Containers is one of the largest privately owned companies supplying containers for a multitude of applications.
Afrotrade International Marketing, Tel: +971-50-6285684
© 1998-2019 Afrotrade