Congo’s plans for a new refinery follows the current chronic fuel shortages. President Dennis Sassou Nguesso on Sunday launched the construction of a new, bigger refinery near the port city of Pointe-Noire. The 2.5 million tons per year facility will cost $600m.
Furthermore, the name for the new refinery is Atlantic Petrochemical Refinery. The refinery unit will be built on 240 hectares and must officially offer more than 5,000 direct and indirect jobs. Congo’s plans for a new refinery aims to diversify and consolidate the industrial fabric of the country. The country depends essentially on oil, its first source of export.
The project follows an investment agreement concluded in 2020 between the Congolese government and the Beijing fortune Dingheng investment Co Ltd. The amount of the contract is 600 million dollars, according to a parliamentary source contacted by AFP. (The source, did not wish to comment on Brazzaville’s share of the construction bill.)
Congo’s first refinery, the Congolaise de raffinage (Coraf), has been in operation since 1982. This refinery has a capacity of 1 million tons per year, but officially it only processes 600,000 tons annually. However, the country’s needs are estimated at 1.2 million tons. Congo produces 204,735.33 barrels per day of oil (as of 2016) ranking 37th in the world.