Africa is rapidly expanding its petroleum storage, set to add 12% of global capacity by 2030, led by Uganda.
Africa is set to contribute around 12% of global liquids storage capacity additions by 2030, driven by population growth, industrialisation, and rising demand for refined petroleum products and chemicals. The region is also boosting storage infrastructure to strengthen exports, ensure energy security, and manage oil supply fluctuations.
Uganda is expected to lead capacity growth with the Buloba terminal, a massive facility projected to store 25.2 million barrels. Located in Wakiso district, the terminal will supply the Kampala market and other consumption hubs. Operated by the Uganda National Oil Company, which holds a 51% stake, the project is central to the country’s petroleum strategy.
Nigeria ranks second, with expansions led by the Lagos terminal, which will add 6.3 million barrels of capacity by 2030 under the ownership of Dangote Oil Refinery. Other key Nigerian projects include Eghudu, Koko I, and Kula, reflecting the country’s efforts to meet domestic demand and expand exports.
Ghana follows closely, with 19.4 million barrels of new storage planned by 2030, spearheaded by the Jomoro terminal set to begin operations in 2028. Part of Ghana’s ambitious Petroleum Hub Project, the terminal is designed to anchor an integrated petroleum and petrochemical industry.
These projects highlight Africa’s growing role in global energy infrastructure, positioning the region as a critical player in future petroleum logistics.
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