A fuel Dilemma
Oil analysts in Southern Africa predict a slowdown in the development of the fuel sector because of the global economic meltdown in the face of weakening buying power of the industrialised countries - including the US, writes Alfred Sayila. However, countries in the region had a number of projects planned to build and expand refineries, while also venturing into biofuels production.
Countries will encrease their refining capacity to cope with the shortage of fuel, but this will require an increase of storage capacity. Fuel shortage also encourages the biofuels industry.
Countries will encrease their refining capacity to cope with the shortage of fuel, but this will require an increase of storage capacity. Fuel shortage also encourages the biofuels industry.
Article details
Journal title: Petroleum Review
Region: Southern Africa
Publisher: Energy Institute
Keywords: Biofuels - DSI21-Refining-articles
Subjects: Project Management, Electricity generation, Refining, Storage, Biofuels, Oil and gas, Oil