US EditionAfrica’s Dependence on Imported Oil Poses Strategic Risk – ARDA - Ghana Business News
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A total stop of 30 days of fuel imports could cripple the economy and daily life throughout the African continent, warned the African Association of Refiners and Distributors (ARDA), which deplores Africa's very strong dependence on imports of refined petroleum products. In a new series of reflections, theARDA stated that such a scenario would nail aircraft, immobilize trucks and stop essential services from Lagos in Johannesburg, Kinshasa in Ca…
Africa’s dependence on imported oil poses strategic risk – ARDA - Ghana Business News
A 30-day halt in petroleum product imports can cripple Africa’s economies, grounding planes, immobilising trucks, plunging hospitals into darkness, and disrupting supply chains, the African Refiners and Distributors Association has warned. Despite producing more than five million barrels of crude oil daily, the continent imports over 70 per cent of its refined petroleum products, leaving it highly vulnerable to global supply shocks. “If import…
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