The CEMAC region will be at least supplied with 5 million tons/year thanks to the new refinery. The financing model for the project is a public-private partnership. Kribi was chosen to host the refinery because of the presence of the floating LNG plant Hilli Episeyo. The government plans to supply the CEMAC region with the refinery.
Will Cameroon build another refinery?
Cameroon is planning to build another oil refinery due to the May 31, 2019 fire outbreak at SONARA, the only refinery in the country. This move aims to create a duopoly in the hydrocarbon sector.
What is the oil industry like in Cameroon?
Oil exploration and exploitation is done by companies such as Pecten, Elf Serepca, Shell, all based in Douala. Cameroon does not market all its crude oil. There is an oil refinery company, SONARA, based in Limbe. For an oil producing country, the passing of oil and gas regulations is very important.
Who is Cameroon agro-industrial company?
It is the third largest Agro-industrial company operating within the oil palm sector in Cameroon. It was created in July 1996 after the liquidation of a former company that was incorporated as far back as 1928.