Sustainable Financing Workgroup

The ARDA Sustainable Financing Workgroup ensures that Members clearly define key projects associated with upgrading their refineries, terminals and associated petroleum products storage & distribution infrastructure to produce cleaner AFRI-6 (10 ppm sulphur) fuels. The Workgroup works with Members and other stakeholders to define scope, cost and schedule of key projects to upgrade their facilities and secure cost-effective financing to deliver the projects as envisioned.

The Workgroup is dedicated to:

  • Supporting the development of refinery and infrastructure projects promoting Africa’s transition to cleaner fuels
  • Facilitating active relationships with potential financial partners, including commercial banks and Development Finance Institutions
  • Developing financing strategy for Members to secure funding to upgrade refining facilities and associated storage & distribution infrastructure
  • Serving as a bridge between Members, technology & equipment providers, EPC firms, financial institutions and policy makers


Registration is now open for our Virtual Sustainable Financing Workshop taking place on Friday 23rd June at 9.00am (GMT)

The theme of this workgroup is “Financing Sources for implementation of Energy Transition Plan that ensures security of products needs in Africa / Financing Energy Transition Projects”. The session will take place via Zoom.

Group Leadership


Anibor O. KRAGHA

ARDA (Nigeria)
Executive Secretary

Deputy Leader


Société Ivoirienne de Raffinage (SIR)
Director of Finance & Administration

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