Exacerbated by the ongoing Russia/Ukraine war, stakeholders are worried over energy security in Africa as petroleum products infrastructure, especially for storage and distribution threatens the continent’s growing demand and surging population.
While the International Energy Agency (IEA) sees energy security as “Uninterrupted availability of energy sources at an affordable price”, stakeholders at the African Refiners and Distributors Association (ARDA) are worried that most countries in Africa are open to energy insecurity shocks because of the inadequacy of storage and distribution infrastructure.
Speaking at an ARDA workshop on Storage and Distribution, Executive Secretary of ARDA, Anibor Kragha decried port related challenges even as the continent’s available petroleum products storage infrastructure remained a serious concern.
Kragha had seen the need for investment in modern infrastructure as leeway for the attempt to…
Source: Thisday Newspaper