Market Size of Equatorial Guinea Oil and Gas Downstream Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 2.10 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Equatorial Guinea Oil & Gas Downstream Market Analysis
The market for Equatorial Guinea's oil and gas downstream market is expected to register a CAGR of more than 2.1% during the forecast period, 2020-2025. Factors, such as the increasing gas production, government's push to invest in the refineries, and new findings of oil fields, are expected to boost the demand for the Equatorial Guinea oil and gas downstream market during the forecast period. However, Equatorial Guinea has been facing declining oil production and fiscal pressure because of the sustained decline in oil prices.
- Petrochemical plants in the country, in 2019, include only a methanol plant. No new investment proposal has been made, and the sector is expected to remain stagnant in the forecast period.
- Equatorial Guinea had negligible refining capacity, but the government has been pushing for setting up of refineries in the country to reduce its dependence from imports of refined crude oil. This may act as an opportunity for companies in the industry.
- The downstream indsutry in the country is much smaller in comparison to the upstream and midstream sector. The downstream industry in the country is at a nascent stage. As new investment is expected to be made in the refining sector, it is possible that the downstream industry may witness a substantial growth.
Equatorial Guinea Oil & Gas Downstream Industry Segmentation
Equatorial Guinea oil and gas downstream market report includes:
| Refineries | |||||
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| Petrochemicals Plants | |||||
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Equatorial Guinea Oil and Gas Downstream Market Size Summary
The oil and gas downstream market in Equatorial Guinea is poised for growth, driven by increasing gas production and government initiatives to invest in refineries. Despite challenges such as declining oil production and fiscal pressures from low oil prices, the government's efforts to establish refineries aim to reduce reliance on imported refined crude oil, presenting opportunities for industry players. The downstream sector, although smaller compared to upstream and midstream activities, is at a nascent stage, with potential for substantial growth as new investments are anticipated in the refining industry.
The country's downstream market remains moderately consolidated, with key players including Total S.A., Noble Energy Inc., and Marathon Oil Company. The Bioko Methanol Plant is the sole petrochemical facility, and its operations have not seen new investment, leading to stagnation in the petrochemical sector. However, the significant increase in gas production has positioned Equatorial Guinea as a major net exporter of natural gas, supporting the expected growth in the downstream sector during the forecast period. Proposed refinery projects, including a new facility in Mbini, are set to further enhance the market's capacity and reduce import dependency.
Equatorial Guinea Oil and Gas Downstream Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Refining Capacity Forecast, in thousand barrels per day, till 2025
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraint
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1.6 Supply Chain Analysis
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1.7 PESTLE ANALYSIS
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2. MARKET SEGMENTATION
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2.1 Refineries
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2.1.1 Overview
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2.1.1.1 Existing Infrastructure
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2.1.1.2 Projects in pipeline
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2.1.1.3 Upcoming projects
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2.2 Petrochemicals Plants
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2.2.1 Overview
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2.2.1.1 Existing Infrastructure
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2.2.1.2 Projects in Pipeline
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2.2.1.3 Upcoming Projects
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Equatorial Guinea Oil and Gas Downstream Market Size FAQs
What is the current Equatorial Guinea Oil and Gas Downstream Market size?
The Equatorial Guinea Oil and Gas Downstream Market is projected to register a CAGR of greater than 2.10% during the forecast period (2024-2029)
Who are the key players in Equatorial Guinea Oil and Gas Downstream Market?
Sociedad Nacional de G.E., Equatorial Guinea of Petroleum, Total S.A., Marathon Oil Company and Noble Energy Inc. are the major companies operating in the Equatorial Guinea Oil and Gas Downstream Market.
