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.
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.
Can China increase Raffinage capacity in Congo?
This capacity could be increased if needed," said Li Yonghong, president of the Chinese company. 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.