Representing the only pan-African organization for the continent’s downstream sector, ARDA’s mandate to become a voice for all African downstream stakeholders is becoming more effective. At a time when disruptions in global supply chains continue to cause price shocks and instability worldwide, many African countries continue to rely heavily on refined product imports.
Explore opportunities, foster partnerships and stay at the forefront of the MSGBC region’s oil, gas and power sector. Visit www.MSGBCOilgGsandPower.com to secure your participation at the MSGBC Oil, Gas & Power 2024 conference. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.
Having recently joined the ranks of oil-producing nations from its first shipment of crude oil from the Sangomar field development this month, Meanwhile, in May 2024, Senegal’s Saint-Louis Region Governor Alioune Badara Sambe announced that the country will build a new 250 MW gas-to-power plant near Saint-Louis, which will leverage gas from the country’s flagship Greater Tortue Ahmeyim (GTA) field – due to start production by the end of this year.
Senegalese energy company West Africa Energy plans to open the country’s first and largest combined cycle gas power station in December 2024. The Cap des Biches plant will have an initial estimated capacity of 160 MW and leverage sizeable gas reserves to be brought online by large-scale projects underway in the region.
West Africa’s oldest refinery, the Société Africaine de Raffinage refinery in Senegal is currently undergoing major upgrades. The country’s government is currently in discussion with financial institution the African Export-Import Bank to support $500 million in syndicated finance to increase annual production from 1.5 million to 3.5 million tons of refined petroleum products.
With sizeable offshore oil and gas reserves, the MSGBC region’s abundance of natural resources is set to drive downstream investment while providing much-needed energy development to the West African region.
In light of these developments, the MSGBC region’s downstream industry represents a highly attractive investment opportunity owing to rising regional demand, industry-focused policies and the introduction of local oil and gas to the market in 2024. As such, Kragha’s participation at MSGBC 2024 is set to examine developments across the regional downstream industry, challenges faced and strategies for expanding infrastructure.
SOURCE
Energy Capital & Power