Project Profile
Value: US$1,000 million
Capacity: 60,000 barrels per day (currently SOGARA - 21,000 bpd )
Start-up Year: 2016
Location: Gabon, Africa
Government of Gabon has signed in 25th April 2012 a Memorandum of Understanding (MOU) with Samsung, to build a new oil refinery in the Central African nation.
The refinery is expected to be the constructed in the oil hub of Port-Gentil. The old refinery, which was built in 1967, currently produces about 21,000 barrels per day. The old refinery will shut down in 2016, so it is important the new refinery is right on schedule. The new refinery will be built in the same site. The construction of the new refinery is scheduled to be completed before the end of 2016.
When completed, the capacity of the refinery will be 50,000 barrels per day and the total investment cost is US$1 billion.The construction will be done by Samsung. The main product of the refinery will be diesel for domestic market and the other products will be for other markets, and the heavy fuel oil will be for the European market.
Operators:
Samsung: Operator with 100 % interest