Mining Technology & Minerals Market Research News

Report explores Nigeria is expected to be fastest growing for west Africa oil & gas downstream market

Mining Market Research

The downstream market in the region is largely underdeveloped and, is controlled by the governments; hence, this market is heavily dependent on government spending. The governments in the region have failed to maintain and utilize these facilities.

Hence, though this region accounts for about 28% of the total oil production in Africa, many countries in West Africa depend heavily on import to fulfill their requirements for downstream industry end products. As a result, many countries in the region are inviting private investment in the sector.