Middle East Economic Survey


No 34


North Africa Forges Ahead With Refinery Upgrades, Expansions More Elusive

In striking contrast to the situation in Europe, North Africa is experiencing sustained oil product demand growth. The region has responded by renewing efforts to develop its refining sector and secure its future supplies. Key projects are now underway in Algeria, Libya and Egypt to upgrade the largest refineries there, in order to reduce the fuel oil surplus...