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Africa requires 75m MT of petroleum products annually-OTL

By Yemie Adeoye

THE total annual demand for clean products in Africa has been put at about 75 million metric tonnes with Nigeria accounting for almost a third, even as significant infrastructure requirements challenge the continent’s downstream operations, including refining, local shipping, storage, pipelines and haulage.

This was the position of Mr Emeka Akabogu the organiser of the annual Oil Trading and Logistsics (OTL Africa) which has been slated for 13 to 15 of September, 2009.

According to him with the surging demand and sub_optimal infrastructure, Africa’s downstream markets remain one of the most exciting investment prospects in global economy.

“Total annual demand for clean products stands at about 75million MT, with West Africa alone (Nigeria particularly) accounting for almost a third. Significant infrastructure requirements challenge the continent’s downstream operations, including refining, local shipping, storage, pipelines and haulage. The challenges remain compelling, and stoke a searing fire for ideas, strategies and critically, commerce. The OTL Africa Downstream Conference & Exhibition is the ultimate marketplace for the continent’s downstream petroleum needs.”

He noted further that expected delegates and exhibitors include international petroleum products traders and suppliers and marketers, tank storage operators, ship owners and charterers, equipment suppliers, jetty operators, ship and products’ brokers, petrochemical plants and products, lubricants manufacturers, haulage and trucking services, financial institutions, government agencies and regulators, industry associations and groups and providers of associated industry services.

OTL Africa is the principal downstream petroleum event in Africa, and draws attendance from across the continent, Europe and North America. The 2009 event has the theme “Investing and Profiting Downstream Africa.”
Also speaking, OTL’s Director of Marketing Mr George Di_Ibor stated that The Focus areas for OTL 2009 include financing, trading, importation, refining, storage, supply, transportation, distribution and pricing of petroleum products. Others include pipelines, contracts, marketing, distribution and LPG. Speakers, delegates and exhibitors are expected from the highest ranks of professional services, operations and government across African and global downstream markets.

in African downstream petroleum industry. It draws on the diverse industry representation regularly attracted by the Conference and strategically sets out to ensure maximum visibility for all exhibitors. It affords the only specifically targeted market for high_end products, services and transactions in Nigerian downstream petroleum, and one of very few in Africa.”

OTL Africa Downstream 2009 will also include Spotlights on New Projects, in addition to the newly introduced OTL African Downstream Awards to celebrate distinctive industry achievements on the continent.

Expected delegates and exhibitors include international petroleum products traders and suppliers and marketers, tank storage operators, ship owners and charterers, equipment suppliers, jetty operators, ship and products’ brokers, petrochemical plants and products, lubricants manufacturers, haulage and trucking services, financial institutions, government agencies and regulators, industry associations and groups and providers of associated industry services.” he enthused.


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