Equatorial Guinea refinery to cost 300m euros
A planned 20,000
barrel per day oil refinery in Equatorial Guinea will cost just under
300 million euros, and the nation plans to invest another $150 million
in petrochemicals, an official said.
Equatorial Guinea
is one of sub-Saharan Africa’s biggest oil producers, although crude
oil production has slipped off peaks at around 360,000 barrels per day
and is looking to expand its gas industry and boost local processing
capabilities.
A feasibility study for the refinery has been completed and the
government will take bids for the project at Mbini, on the central
African country’s Atlantic coast, over the next two months, Vicente
Abeso Mibuy, managing director of hydrocarbons in the energy ministry,
told an energy conference on Wednesday.
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