1. African Downstream Market Presented at UNCTAD’s Africa – OGTF Conference Nairobi, Kenya 23-25 May, 2007 NOT AN OFFICIAL UNCTAD RECORD

2. Refineries in Africa

3. 1. African Market Growth

4. Oil Products Demand in Africa Oil products demand in Africa accounted for 3.5% of global demand in 2006 Data difficult to collect, big delays in data availability; only annual data (except South Africa) Total oil products demand in SSA in 2005 = 120 million MT (2.6 million b/d), growing by 5.3% y/y (2004-2005)

5. Oil Products Demand in Africa

7. 2. Refining Margins

8. Refining Margins from a Conversion Refinery: Europe

9. Refining Margins: Europe, Cracking

10. Refining Margins on Crude Distillation: Europe

11. Refining Margins: Europe, Hydroskimming

12. 3. Necessity for Investment

13. Refineries in Africa

14. Possible African Refining Developments: Sonangol’s Lobito refinery project (200,000 b/d); TOR in Ghana planning second topping and RFCC units; SIR Abidjan, 1 million mt/yr debottlenecking; SoNaRa announced refinery expansion; Possibilities of new refineries in Nigeria; Possible new refinery in Port Sudan; Plans for expansions and new refineries in Algeria, Libya, Tunisia, Egypt.

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