Nigeria Oil & Gas Downstream Market Growth, Trends, and Forecasts 2020-2025: Improving the Infrastructure and Encouraging Private Sector Investment to Drive the Market – ResearchAndMarkets.com

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DUBLIN–(BUSINESS WIRE)–The “Nigeria Oil & Gas Downstream Market – Growth, Trends, and Forecasts (2020 – 2025)” report has been added to ResearchAndMarkets.com’s offering.

The Nigerian oil refining capacity has increased by 63% between 2010 and 2018. The Nigerian oil & gas downstream sector is driven by the development of large and modular refineries. However, the market is restrained by poor maintenance and supply disruption resulting in a low utilization rate.

The increasing refining capacity is expected to drive the demand in the market during the forecast period. Digitalization and modernization of the refining and petrochemical sector are expected to reduce the refining costs and process losses. This, in turn, is expected to create an opportunity for the market during the forecast period. Improving the existing downstream infrastructure and encouraging private sector investment for the refineries and petrochemical plants in is expected to drive the studied market during the forecast period.

Key Market Trends

Refinery Segment Dominate the Market

Nigeria is the second biggest oil-rich country in Africa, after Libya. The country is estimated to hold 37 billion barrels of proven oil reserves. However, despite its rich resources, at present Nigeria’s state-dominated oil industry is declining, afflicted by systemic corruption, starved for international investment, and hit hard by weak oil prices. Despite that malaise, oil remains the country’s chief source of income.

Improving the Infrastructure and Encouraging Private Sector Investment to Drive the Market

Nigeria ranked as the 13th largest crude oil producer in the world with an average daily output of about 2 million barrels per day. Such high production country should have proper downstream infrastructure.

Competitive Landscape

The market for Nigeria oil & gas downstream remains concentrated. Some of the key players are Nigerian National Petroleum Corporation (NNPC), KBR Inc., NDEP plc, Indorama Group, and Midoil Refining & Petrochemicals Company Limited.

Key Topics Covered:

1 INTRODUCTION

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY

4 MARKET OVERVIEW

4.1 Introduction

4.2 Refining Capacity and Forecast, in million ton, till 2025

4.3 Key Projects Information

4.4 Recent Trends and Developments

4.5 Government Policies and Regulations

4.6 Market Dynamics

4.6.1 Drivers

4.6.2 Restraints

4.7 PESTLE Analysis

5 COMPETITIVE LANDSCAPE

5.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

5.2 Strategies Adopted by Leading Players

5.3 Company Profiles

5.3.1 Nigeria National Petroleum Corporation

5.3.2 Niger Delta Exploration & Production Plc

5.3.3 KBR Inc.

5.3.4 Indorama Group

5.3.5 Midoil Refining & Petrochemicals Company Limited

6 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/2ttxmk

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