Guinea is not an oil producer and relies on imports of refined products, which are mostly stored in the Kaloum terminal and distributed via trucks across the country. Residents of districts near the depot described their panic when the shockwave ripped through the air, shattering windows in the middle of the night.
Did a US-owned oil company find oil in Guinea?
A U.S.-owned firm conducted oil exploration studies off Guinea’s coast. In February 2012, their first exploratory well uncovered oil of a non-commercial quality. In September 2017, their second exploratory offshore drilling reportedly did not find commercially exploitable quantities of oil.
Does Guinea have oil & gas reserves?
The extent of Guinea’s potential oil and gas reserves remains unknown, but promising. A U.S.-owned firm conducted oil exploration studies off Guinea’s coast. In February 2012, their first exploratory well uncovered oil of a non-commercial quality.
What’s going on with Guinea’s power plants?
Most of Guinea’s power plants, particularly those supplying the capital, run on diesel fuel. On Tuesday, a tall column of black smoke still billowed into the sky above the terminal and hours-long lines of cars and motorbikes formed at gas stations and clogged the streets of Conakry.