keep working 14 hours ebay oil refining in cameroon

   
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  • keep working 14 hours ebay oil refining in cameroon
Can Cameroon expand its oil refinery capacity?

Fortunately, Cameroon and its oil producers do have other options. Government and private producers have joined forces to expand crude refining capacity at the country's only oil refinery in Sonara. The facility currently processes 60,000 barrels a day, up from 45,000 last year, with plans to increase capacity to 100,000 barrels a day by 2017.

Will Cameroon be able to refine oil?

With those facilities fully operational, Cameroon will have the capacity to refine excess crude from neighbors like Angola and Nigeria, exporting it to end-markets and shifting Cameroon's position along the value chain. Another option has also revealed itself.

How much oil does Cameroon produce a day?

But not Cameroon. For the first time since 2002, the West-Central African country has increased oil production to over 100,000 barrels a day ¨C a 17 percent increase over 2014 levels. What's more, the World Bank predicts Cameroon will produce more than 150,000 barrels a day next year, for a total of 57 million barrels in 2016.

Can Cameroon heed the long-term oil incentive?

Cameroon and its oil producers seem to have only two options: they can heed the long-term incentive by reducing output and preserving mature fields, but this means foregoing returns on massive investments and sacrificing government income, or they can heed the short-term incentive and increase production to make up for the lower oil prices.