OTL Africa 10th edition attracts global interest to Africa’s downstream industry

THE 10th edition of the Oil Trading and Logistics (OTL) Africa Downstream Week scheduled to take place in a fortnight in Lagos is expectedto attract world leaders in the industry.In a statement made available by the event’s organisers, the  milestone OTL Africa Downstream  has received  strong global interest because African market fundamentals remain strong relative to other global markets, while the dwindling fortunes of upstream interests have brightened the numbers, midstream and downstream.According to them, “followingthe crash in crude oil prices, the times are relatively good for many global downstream interests as the current environment offers attractive opportunities for revenue and profit growth.“While it is acknowledged that the opportunities will not last forever, today’s low oil prices are clearly advantageous and companies need to understand the dynamics of their particular markets if theyhope to fully benefit from the prospects that today’s low oil prices might afford”.Traversing a strong value-chain that includes refining, trading, shipping, storage, haulage, distribution, marketing, equipment manufacturing and supplies, regulation and associated professional services, the OTL Africa Downstream Expo2016 will offer over 3000 delegates, speakers, exhibitors, special guests andvisitors opportunities for high-level networking, business match-making and learning.This year’s event will be declared open by Nigeria’s Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, whowill also deliver the Keynote address.