OPEC Puts Africa’s Refining Investment Need at $125 Billion Through 2050

Africa will need at least $125 billion in refining investment through 2050 across current projects, future projects and maintenance, Abderrezak Benyoucef, Head of the Energy Studies Department at OPEC, said in a fireside chat with Eithne Treanor, Founder and CEO of ETreanor Media, at African Energy Week (AEW) 2026 in Cape Town. OPEC also distributed hard copies of a new study on Africa’s medium- and long-term energy outlook at the session, ahead of its online publication. “Talking about capacity, we have also to talk about how much we get from…

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