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Transportation spending worth USD 500 billion has been planned for African regions . This is expected to make way for the automobile industry . Nigeria and Egypt are the most populous African nations .
These countries have witnessed rapid economic growth , promoting industrialization . Escalating regional ‘ middle-class consumer spending ’ capacities along with lubricants ’ expansion are likely to impel market revenues in the near future .
South Africa was the leading nation with regards to automobile sales ( over 650 thousand units ) in the recent past . Automotive lubricant prices remained imperative for client - buying decisions . Other factors that contributed for the same were after sales services , branding , motor mechanic services , and spare part distribution .
Conversely , the South Africa engine oil industry observes the participation of multinational companies ; such as Shell , Castrol , and Chevron . The current oil blending capacity of this country exceeds domestic demand .
Moreover , South Africa has major petrochemical companies and over ten blending plants that are profiting from wholly owned oil blending units . The African engine oil market is moderately consolidated . Some of its key players are Total S . A ., Castrol , Royal Dutch Shell Plc ., and Chevron Corporation . The others encompass ExxonMobil , Conoil Plc , Forte , and Oando Plc .
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