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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.
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.
What happened at Guinea’s only oil refinery?
A fuel depot in the West African country of Guinea has exploded, killing at least eight people and injuring more than 80. Eyewitnesses said the blast at the Guinea’s only oil refinery blew out the windows of local houses. Firefighters in the capital, Conakry, rushed to the oil terminal after it caught fire early on Monday.
Will China build a modular refinery in Equatorial Guinea?
Two Chinese companies have signed a framework agreement to build a modular refinery in Equatorial Guinea. China Railway Construction Corporation (CRCC) and CIRDL signed the deal with Gepetrol on August 16, in Malabo. The refinery will have 20,000 barrels per day of production.