GlobalData’s latest report, ‘Global Refining Industry Outlook to 2026 – Capacity and Capital Expenditure Outlook with Details of All Operating and Planned Refineries’, says that Africa’s refining capacity increased from 3,599 thousand barrels of oil per day (mbd) in 2016 to 3,719mbd in 2021 at an Average Annual Growth Rate (AAGR) of 0.7%. It is expected to increase from 3,719mbd in 2021 to 7,282mbd in 2026 at an AAGR of 13.4%.
Egypt, Algeria, South Africa, Nigeria and Libya are the major countries in Africa that accounted for 78% of the total refining capacity in 2021.
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Egypt had the highest refining capacity in 2021, with 897mbd. Other key countries in terms of refining capacity were Algeria, South Africa, Nigeria and Libya, with 675mbd, 508mbd, 471mbd and 380mbd, respectively. Egypt witnessed the highest capacity growth during 2016 to 2021, with an AAGR of 1.9%, among the key countries, followed by Nigeria with 1.1%.
In Africa, 20 countries have active refineries, with a total refining capacity of 3,719mbd in 2021. Skikda I, Ras Lanuf, Port Harcourt I, Mohammedia and Durban II are some of the largest active refineries.
By 2026, 53 new refineries are expected to commence operations in Africa. Lagos I and Akwa Ibom III in Nigeria, Coega in South Africa, and Port Sudan III in Sudan are some of the largest upcoming refineries in Africa during the 2022 to 2026 outlook period.
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