Search
Sign in
North Africa
Central Africa
East Africa
West Africa
Southern Africa
Commodities

Nigeria, Angola lead Africa’s $100bn refining expansion – OPEC

Sunset over the Cromarty Firth - famous for the shipping forecast and the place where oil rigs go to retire. Photo by Ben Wicks @ Unsplash
Sunset over the Cromarty Firth - famous for the shipping forecast and the place where oil rigs go to retire. Photo by Ben Wicks @ Unsplash

Ahmed Boulor

Ahmed Boulor is a Nigerian journalist who is versed in covering content regarding political economy, business, tech and energy markets
  • Africa to add 1.2 million bpd of refining capacity by 2030, led by Nigeria
  • OPEC projects $100 billion in refinery investments needed by 2050

 

Africa is on track to deliver one of the world’s fastest downstream expansions by 2030, adding 1.2 million barrels per day (bpd) of refining capacity, according to OPEC’s 2025 World Oil Outlook.

This article is free to read.

Sign up for free or sign in to continue
reading. Unlike our competitors, we don't force you to pay
to read the news but we do need your email address to
make your experience better.

Create your free account or sign in


Recent Business

Sammy Gyamfi, CEO of Ghana Gold Board. Photo credit: Ghana Gold Board
Sammy Gyamfi: the young CEO behind Ghana’s new gold revolution
29/05/2026
1 day ago
Evans Effah
Read More »
A vast array of solar panels, symbolising renewable energy. Photo by Quang Nguyen Vinh @ Pexels
How Eskom's $65mn renewable push could position Africa as a clean-power powerhouse
29/05/2026
1 day ago
Eric Kasongo
Read More »
People selling fresh fruits at the market in Addis Ababa, Ethiopia. Photo by Atypeek Dgn @Pexels
Can Ethiopia’s sweeping reforms finally unlock Africa’s next growth engine?
29/05/2026
1 day ago
Michael Masrie
Read More »

Recent Politics

A protester holding the Kenyan flag during a demonstration in Nairobi's streets. Photo: @Pexels
How Ruto’s fuel policies triggered public outrage in Kenya
25/05/2026
5 days ago
Wanderi Kamau
Read More »
French President Emmanuel Macron and Kenyan leader William Ruto at the Africa Forward Summit. Photo @William Ruto/Facebook
Can France win Anglophone Africa after Sahel influence collapse?
22/05/2026
1 week ago
Wanderi Kamau
Read More »
French President Emmanuel Macron in Africa recently. Photo @Emmanuel Macron/Facebook
Will France’s €23bn Africa pledge finally deliver beyond summit diplomacy?
18/05/2026
1 week ago
Brandon Orion Mensah
Read More »

Latest Posts

Latest news insights

Sammy Gyamfi, CEO of Ghana Gold Board. Photo credit: Ghana Gold Board
Read More »
Sammy Gyamfi: the young CEO behind Ghana’s new gold revolution
A vast array of solar panels, symbolising renewable energy. Photo by Quang Nguyen Vinh @ Pexels
Read More »
How Eskom's $65mn renewable push could position Africa as a clean-power powerhouse
People selling fresh fruits at the market in Addis Ababa, Ethiopia. Photo by Atypeek Dgn @Pexels
Read More »
Can Ethiopia’s sweeping reforms finally unlock Africa’s next growth engine?
The streets of Congo. Photo by Lock Larsen Ansalla @ Pixabay
Read More »
Is Congo’s debt market revival masking Africa’s next sovereign risk crisis?
A vast array of solar panels, symbolising renewable energy. Photo by Quang Nguyen Vinh @ Pexels
Read More »
How Eskom's $65mn renewable push could position Africa as a clean-power powerhouse
People selling fresh fruits at the market in Addis Ababa, Ethiopia. Photo by Atypeek Dgn @Pexels
Read More »
Can Ethiopia’s sweeping reforms finally unlock Africa’s next growth engine?
The streets of Congo. Photo by Lock Larsen Ansalla @ Pixabay
Read More »
Is Congo’s debt market revival masking Africa’s next sovereign risk crisis?
Marrakech biggest market in Morocco. Photo by CALIN STAN @ Unsplash
Read More »
Could Morocco’s fuel-driven inflation spike derail central bank stability?
People selling fresh fruits at the market in Addis Ababa, Ethiopia. Photo by Atypeek Dgn @Pexels
Read More »
Can Ethiopia’s sweeping reforms finally unlock Africa’s next growth engine?
The streets of Congo. Photo by Lock Larsen Ansalla @ Pixabay
Read More »
Is Congo’s debt market revival masking Africa’s next sovereign risk crisis?
Marrakech biggest market in Morocco. Photo by CALIN STAN @ Unsplash
Read More »
Could Morocco’s fuel-driven inflation spike derail central bank stability?
President Bola Ahmed Tinubu of Nigeria. Photo @Ahmed Tinubu/Facebook
Read More »
Is Tinubu’s reform gamble failing Nigeria’s fragile economic recovery?