“Africa is a rich source of oil and will play a strategic role in the future global oil industry,” says Mark Burridge from Fair Consultants, organisers of Petro.t.ex Africa
“Africa’s oil and gas reserves are vastly under-utilised and present considerable opportunities for fostering partnerships in infrastructure development.
These opportunities will be discussed in detail at the Petro.t.ex Africa conference.” The Petro.t.ex Africa exhibition and conference takes place from 7 to 9 June at Gallagher Convention Centre in Midrand, Johannesburg. “According to the US Energy Information Administration, two of the top ten oil producing countries supplying crude oil to the United States are in Africa,” adds Burridge. “Nigeria is fourth on the list with a total of 968,000 bpd, and Angola is ninth with 294,000 bpd.”
Many projects put on hold during the recession are being reviewed and new projects continue to be planned. Burridge confirms that Angola’s state-owned refinery, Sonangol, is looking for partners for its US$8bn project to build a 200,000 bpd refinery in Lobito, southern Angola. The planned refinery will produce five times the output of Angola’s only other refinery.
Challenges
Apart from updates on projects in sub-Saharan Africa, the Petro.t.ex Africa conference will address the major factors influencing and challenging the retail fuel sector, clean fuels and specifications and the latest technologies and innovations benefiting the industry.
Repeat exhibitor Sasol Lubricants will showcase a range of products. Sasol’s brand promise of reaching new frontiers reflects their technologically advanced and high quality products. These include compressor oils, hydraulic oils, industrial gear and hydraulic combination oils, multipurpose and high performance speciality greases, process and base oils, speciality oils and turbine oils.
