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Oil: Sogapec desires to construct a refinery in Cap Estérias

Libreville, Sunday June 16, 2024 (Gabon Information) – The proposal was made on Tuesday to the Minister of Oil and Fuel, Marcel Abeké, by the managers of this Gabonese firm, a subsidiary of an organization primarily based in Hong Kong .

Marcel Abeké was succeeded by the Chinese language Xu Rulin, Basic Director of the Société Gabonaise de Pétro Chimie (SOGAPEC). The discussions between the 2 males targeted particularly on the challenge to construct a refinery on the Chinese language facet.

An oil refinery can be constructed within the coming months at Cap Estérias, north of Libreville, and could have a processing capability of 700,000 tons of crude per 12 months. That is the essence of the viewers given by the Minister for Oil and Fuel to Xu Rulin, head of SOGAPEC.

He identified that the aim sought is to cut back the deficit in petroleum merchandise within the nation, as a result of there’s a scarcity of diesel, the State buys portions yearly at very excessive costs. SOGAPEC managers need to remedy this case, whereas forcing customers to purchase this product at a cheaper price.

See, Marcel Abeké welcomed this challenge earlier than inviting Sogapec to collaborate with Sogara to make sure efficient technical coordination. It’s mentioned that this challenge goals to assist Sogara which, for a while, has not been capable of fulfill native demand.

In response to official information, Sogara recorded a lack of 20 billion CFA francs in 2019, in addition to a drop in its turnover, in addition to a steady lower within the quantity of oil processed.

The Sogapec challenge is helpful, because it permits Gabon to import gas to make up for all of the deficits.

FIN/INFOSGABON/SM/2024

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