Some maintenance work is continuing in Africa, as the Secunda refinery is now back online but works are ongoing or planned at the Skikda, Indeni and Natref facilities. Separately, Nigerian President Muhammadu Buhari Oct. 7 confirmed that the government has restored costly subsidies on imported gasoline amid declining revenue that has been significantly impacted by .
A number of refineries in Africa have been offline, either following maintenance as Zambia’s Indeni, or due to a lack of crude supply as Ghana’s Tema. Two refineries in South Africa also remain offline Engen’s Durban and the Cape Town refinery as well as Cameroon’s Limbe. Near-term maintenance New and revised entries .
Others
The low interest rates on fuels and gases in developed regions are another major factor providing boost to the market growth. Over the years, global oil and gas market has observed some significant developments in terms of technology on global level. Many big companies in the oil and gas industry are looking up to adopting technologies like artificial intelligence (AI) and big data analytics in order to drive profits by improving decisions making abilities. The players in the market collect massive amounts of raw data functioning of pipelines, refineries, and other infrastructure with the help of wide numbers of sensors situated across the oil rig. By adoption of these technologies in companies they are able to detect patterns that act upon the potential defects or unwanted changes thus saving costs. Also the AI helps companies to take better operational and drilling decisions which in turn are boosting the growth of the oil and gas market across the globe.
Refinery news roundup: Some refineries in Africa remain offline
In South Africa, both the Engen and Cape Town refineries remain offline, whereas Zambia’s Indeni is not expected to restart after a maintenance until later this year.
Overall refining output in Africa remains low as many refineries remain closed or are operating intermittently, according to Africa-focused oil consultancy CITAC.
In South Africa alone, refinery output fell 28% last year as all refineries were closed in April and May due to the lockdown.
In April, South Africa’s Engen said it will be proceeding with the conversion of its Durban refinery into a terminal. Astron Energy’s Cape Town will remain closed until 2022, after an incident in July 2020, S&P Global Platts data reported earlier.
Maintenance mostly over in Africa
Most of the current round of refinery maintenance in Africa has been completed.
However, South Africa’s Cape Town and Engen remain closed.
ONGOING MAINTENANCE
New and revised entries Ghana’s sole oil refinery, the Tema facility, has come back online after being shut in for a few weeks due to technical issues, a source close to the matter said March 22. “The refinery has resumed processing after days of some maintenance to correct some few issues,” the source said. The refinery went offline in late July, after having run through its reserves of crude. It then restarted in early January only to shut down again a month later. The CDU currently only has one furnace, which means the refinery can only operate at around 30,000 b/d.