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The Equatorial Guinea is building the best refinery in Africa, in a Consortium with the China Railway Construction Company, one of the biggest construction companies in the world.
It is the parent company of CCECC, that have rehabilitated all the Railway System in Nigeria, with executed projects and various on-going infrastructure projects in excess of Twenty Billion United States Dollars ($20,000,000,000) in Nigeria.
On the strength of this Consortium, a 20,000 barrels per day capacity Refinery is being built in Bata, Equatorial Guinea.
The Project started in August 2022, with partnership between the Government of Equatorial Guinea and Chinese investors CIRDL – Consolidated International Refinery Development Ltd. and CRCC.
The Chinese investors are providing the majority of the funding for the Project through an SPV (Special Purpose Vehicle), enabling the Government to deploy necessary capital on numerous other vast essential Infrastructure Projects being undertaken in the Country.
On 21st November 2023, the President of Equatorial Guinea officially announced the Expropriation of the Land for the Site and subsequently agreed on compensation for the affected parties.
The ESIA (Environmental Impact Assessment Studies was completed on June 6th 2024.
With the Project progressing successfully, when the Refinery is completed, it will be, undoubtedly, the best Refinery in the whole of Africa, as it will produce the full range of refined petroleum products such as PMS, AGO, DPK, ATK, all at Euro 6 standard.
This is the highest standard in the world, even higher quality than the Dangote Refinery, which is reported to be Euro 5 standard.
The purpose of Euro 6 Standard is to enable all the refined petroleum products produced by Equatorial Guinea to be acceptable for export to any and every country in Africa and indeed the whole world.
Whilst it may not be the biggest Refinery in Africa it will be most definitely the best Refinery in Africa which will not only satisfy the local market, it will also be able to export the best quality refined Petroleum products worldwide.
There is no other and there are no plans to build any other refinery in Africa at Euro 6 standardwhich can export all it’s products worldwide even though a few specific products which are not required to be of the highest quality and standards are currently reported to be contracted for export from Dangote refinery.
Every Refinery may be able to export it’s products but Bata Oil Refinery will be the only refinery in Africa that can export all it’s products to every country in the world.
The refinery will also produce asphalt, and other petroleum derivatives in a PetroChemical Plant which will be used for making plastic containers, plastic chairs and tables.
The Bata Oil Refinery is another example of the vision of President Teodoro Obiang Ngeuma Mbasogo and the Vice President, Teodoro Nguema Obiang Mangue.
This project is to continue their transformation of the Economy of the country, which has one of the highest GDP per capita in the whole of Africa.
The Vice President, Teodoro Nguema Obiang Mangue, has launched several major developmental projects in continuation of the President’s remarkable achievements, making Equatorial Guinea the envy of many African nations presently.
Eyo a renowned Journalist wrote from Lagos
English (US) ·