Weekend Argus (Saturday Edition) - - BUSINESS -

“What you need in or­der to com­pete is to build a large plant with ac­cess to com­pet­i­tively priced crude... be­cause the mo­ment you put your bar­rels on the wa­ter for other African mar­kets you are com­pet­ing with global traders,” he added.

A fur­ther fac­tor threat­en­ing projects is the sharp in­crease in fuel ex­ports from the US to Africa. A ship bro­ker ac­tive in West Africa said that US fuel flows to the Gulf of Guinea had risen to an av­er­age of around 100 000 tons a month from around 20 000 tons last year. Jet fuel im­ports from Venezuela have also in­creased. – Reuters

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