Kamsar refinery will be Guinea’s first crude oil refinery and will have the capacity to process 10,000 barrels of West African crude oil per day (bpd). Brahms Oil Refineries will build, own and operate the modular refinery through its local subsidiary Guinean Refining Company, which was registered in Guinea in December 2011.
Why should Equatorial Guinea build a refinery?
The refinery shall lead to lower prices of petroleum products (petrol, cooking gas, cooking kerosene, etc) in Equatorial Guinea for the benefit of its citizens. Equatorial Guinea shall become a hub for shipping activities in Africa as multiple international vessels would call the Bata refinery jetty to load and export refined petroleum products.
Will Equatorial Guinea build a crude oil refinery in Punta Europa?
Equatorial Guinea is moving forward with its previously announced plan to build a modular crude oil refinery in Punta Europa, Malabo, on Bioko Island.
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.