Uganda to lead additions to storage of oil and gas fluids in Africa by 2030

Africa is preparing to add large additions to liquid storage capacity, and it determines about 12 % of global capacity additions by 2030. These additions support population growth, manufacturing and economic development, which increases the consumption of refined petroleum products and chemicals. The region is also largely invested in enhancing export storage facilities, ensuring energy security, and managing oil supplies fluctuations.

Uganda is scheduled to dominate fluid storage additions in Africa, due to the upcoming Polap station, which is likely to have a storage capacity of 25.2 million barrels (MBBL). The planned station is vital to the country’s plans to store refined petroleum products. The elbow is strategically located in the Wakiso area, and ensures a fixed supply for the wide Kampala market and other major consumption centers. Uganda National Oil Company works as an operator and holds a 51 % stake in the project.

Nigeria Uganda is expected to follow in terms of liquid storage additions to meet the increasing demand for domestic petroleum products and for exports. Lagos is the main station in terms of capacity, which is likely to add 6.3 MB capacity by 2030 through expansion. Dangote Oil is the operator, as well as the owner of the total property rights, for this oil and oil products station. Eghudu, Koko I and Kula are some other major projects that have large additions to liquid storage during the expectation period.

Ghana is third in terms of liquid storage additions, as she expects to add about 19.4 MB of capacity by 2030 through new construction projects. Among them, Jomoro Station is most of the capacity additions and its operations are expected to start in 2028. The plant is a vital component of the Ghana Petroleum Axis project, which aims to increase economic transformation through the Petroleum and Petroleum Industry Complex. The development of the oil center is the operator, as well as the total stock holder, for this station. More analysis can be found about global fluid storage storage storage GlobaldataNew report, Fluid storage capacity and capital expenses expectations according to the region, the main countries and companies with all operating and planned stations until 2030.

“Uganda to lead additions to storage of oil and gas fluids in Africa by 2030” was originally created and published Marine technologyThe brand owned by Globaldata.