East Africa’s refining contest: Who will find the margins to survive? - The EastAfrican

East Africa is developing more refining capacity than its market can absorb. The region consumes about 416,000 barrels per day, but three proposed refineries could bring nearly 1 million barrels per day of capacity, raising economic concerns about margins and market viability. The key issue is which refineries will be able to operate profitably given logistics and market conditions.