What is the current North Africa Refined Petroleum Products Market size?

The North Africa Refined Petroleum Products Market is projected to register a CAGR of greater than 2.10% during the forecast period (2024-2029) Read More

Who are the key players in North Africa Refined Petroleum Products Market?

Sonatrach SPA, Qalaa Holdings SAE , Total S.A. , Royal Dutch Shell Plc and Abu Dhabi National Energy Company, PJSC are the major companies operating in the North Africa Refined Petroleum Products Market. Read More

What years does this North Africa Refined Petroleum Products Market cover?

The report covers the North Africa Refined Petroleum Products Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the North Africa Refined Petroleum Products Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

North Africa Refined Petroleum Products Market Trends

Statistics for the 2023 & 2024 North Africa Refined Petroleum Products market trends, created by Mordor Intelligence™ Industry Reports. North Africa Refined Petroleum Products trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of North Africa Refined Petroleum Products Industry

This section covers the major market trends shaping the North Africa Refined Petroleum Products Market according to our research experts:

Middle Distillates to Dominate the Market

Middle distillate refers to oil refined products situated between lighter fuel like gasoline and heavier fuels like fuel oil. It mainly comprises of jet fuel, kerosene, diesel, and others.
In 2018, Algeria increased the refining throughput capacity to 598 thousand barrels per day. With increased throughput, the production of refined petroleum products is expected to grow significantly.
The upgradation project of Mostorod refinery is expected to complete during the forecast period. It is expected that the refinery will be able to produce 2.3 million tons of diesel, 600,000 tons of jet fuel, and 522,000 tons of gasoline, in addition to butane gas and naphtha.
Egypt's diesel consumption increased by 10% year-on-year in February 2019, recording 1.118 million tons, compared to 1.016 million tons consumed in February 2018, increasing the demand for refined products significantly.
With the growing demand in the transportation sector, power generation in different industries, the need for middle distillates is expected to grow further to dominate the market in the forecast period.

North Africa Refined Petroleum Products Market-Refining Throughput Capacity

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Egypt to Dominate the Market

In 2018, Egypt exported 6.9 million barrels of hydrocarbon gas liquids. 286 thousand barrels of asphalt and road oil, 93 thousand barrels of lubricants, and 155 thousand barrels of distillate fuel oil.
In 2018, Egypt was one of the leading crude oil producers and had the highest refining capacity of 795 thousand barrels per day in the North Africa region.
In February 2020, Egypt signed a contract for the construction of a hydrocracking complex in Assiut, the largest oil refining project to be implemented in Upper Egypt, with an investment of USD 2.5 billion.
In July 2019, Egypt implemented seven refinery projects, with USD 8.03 billion in investments to increase the refining capacity and efficiency of petroleum derivatives production.
With one-fifth of oil product consumption in Africa and increasing investment in refining projects, Egypt is expected to dominate the market in the forecast period.