2018 Oil & Gas Downstream Industry Report


The Oil and Gas Downstream Industry still remains largely dependent on imported petroleum products due to Nigeria’s weak refinery production. The Nigerian refineries have operated at a combined average capacity utilisation of below 20% in the last five years. The Federal Government of Nigeria still retains price controls on petrol in a bid to protect consumers from volatilities in the crude oil market. This has a dire fiscal impact, considering the outlook on the global crude oil market, which implies higher prices of crude oil. Nigeria’s fuel subsidy bill accumulated to exponentially in 2017, with outstanding claims yet to be paid.

  • The report provides an overview of the Oil and Gas Downstream Industry in Nigeria.
  • The report also provides an overview of the competitive landscape and strategy adopted by key players.
  • We also provide analysts’ opinion on the benefits of optimal domestic production of petroleum products in Nigeria.
  • The Oil and Gas Downstream report also reviews the Industry’s operational dynamics, provides a profile of key regulators and reviews the impact of the Petroleum Industry Bill on the downstream industry. The report also provides analysts’ opinion and outlook on regulation.
  • The report also provides an assessment of the Industry’s financial condition and outlines key business success factors, Industry challenges & opportunities.
Information the Report Provides
  • The market size of the white fuels market, with a breakdown of the petrol, diesel, kerosene and aviation fuel markets
  • Market share analysis
  • Nigeria’s annual consumption and consumption mix of white fuels
  • Key drivers of the demand for petroleum products
  • An overview of the price trends of white fuel products
  • Regional consumption of petroleum products
  • Supply patterns of the NNPC refineries and the volumes of imported petroleum products