Oil Trading and Logistics Africa Downstream Expo 2014 begins in
Global growth remains weak but GDP growth in sub-Saharan Africa is projected to strengthen to 4.9% in 2013 rising to 5.3% in 2014 and 5.5% in 2015 ~World Bank
Energy Demand Forecast
-Sub-Saharan Africa: 4.6%
-Rest of the world: 1%
Economic growth in sub-Saharan Africa was robust between 2012-2013 and is in 2014 expected to accelerate, reflecting strong domestic demand in most of the region. Sample Nigeria: 2013 GDP Growth - 6.2%. 2014 estimate 7.4%
~ International Monetary Fund
The OTL Expo is an excellent platform for growth of downstream oil business, we endorse it and shall fully support it. ~Reginald Stanley. Executive Secretary and CEO, Petroleum Products Pricing Regulatory Agency, PPPRA, Nigeria
Africa's refining capacity shortfall to double from 700, 000 BOPD in 2012 to 1,32MMBOPD in 2020
About OTL Africa
Oil Trading and Logistics (Africa Downstream) is a Pan-African initiative dedicated to promotion of business, policy, and stakeholder relationships in downstream petroleum markets across the continent.
It achieves its goals through strategic government and business liaison, research and advocacy with a focus on effective industry solutions.