new style oil factory cold in congo

   
new style oil factory cold in congo
                                               
                                               
                                               
                                               
  • new style oil factory cold in congo
How much will a new oil refinery cost in Congo?

Faced with chronic fuel shortages, the Republic of Congo is seeking to refine more oil at home. 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 facilty will cost $600m.

Does Congo have oil reserves?

(AP Photo/Mosa¡¯ab Elshamy) Congo, a mineral-rich nation in central Africa, is thought to have significant oil reserves, too. Drilling has so far been confined to a small territory on the Atlantic Ocean and offshore, but that¡¯s expected to change if the government successfully auctions 30 oil and gas blocks spread around the country.

Will Congo expand oil drilling?

The central African nation of Congo is known for its mineral riches. Now the country is looking to expand the oil drilling that so far has taken place only in its far west and off its Atlantic coastline. (AP video: Nqobile Ntshangase/Sebabatso Mosamo)

How much oil does Congo produce a year?

Congo's first refinery, the Congolaise de raffinage (Coraf), in operation since 1982, has a capacity of 1 million tons per year, but officially it only processes 600,000 tons annually while 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.