Energy Services

Oil, Gas, Petroleum and Renewables

Services

Bizzdev Energy services is East Africa's premier consulting firm specializing in comprehensive services for the oil and energy sector. Our expertise encompasses oil refinery feasibility studies, commissioning, and financing, as well as oil drilling services and management. Bizzdev prides itself on advising companies, investors, and governments, helping them navigate the complexities of Africa's energy market. With a strong portfolio of current projects spanning both East and Southern Africa, Bizzdev is driving sustainable growth and unlocking the region's vast energy potential.

Challenges And Risks

Despite the potential benefits, refinery projects in Africa face challenges. Large-scale development requires significant capital investment, often necessitating complex public-private partnerships and foreign financing. Technical expertise is critical, and shortages in skilled labor can delay construction and commissioning. Regulatory uncertainty, political instability, and shifts in energy policy can complicate project execution. Moreover, global market dynamics, including fluctuating oil prices and the ongoing energy transition toward renewable energy, pose additional risks.

Strategic Implications

The development of refineries in Africa has far-reaching implications for Africa. By refining more crude oil domestically, countries can retain more value from their natural resources, reduce fuel import costs, and shield themselves from global supply shocks. The construction and operation of these facilities also provide employment opportunities and technology transfer, with training programs preparing local workers to operate complex refinery infrastructure. Furthermore, as refining capacity grows, intra-African trade in refined petroleum products is expected to increase, creating new economic linkages between neighboring countries.

MAJOR OIL REFINERY PROJECTS IN DEVELOPMENT IN AFRICA

Africa’s oil refinery industry is undergoing a remarkable transformation, particularly in the downstream sector. Africa is projected to add approximately 1.2 million barrels per day of refining capacity by 2030, signaling a significant shift in the continent’s energy landscape. Let’s take a look at the projects currently under construction and in planning.

Discover how we can partner with you to achieve your goals in the ever-evolving energy landscape.