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Home Africa

Gemcorp plans FID for Angola refinery this month

FurtherAfrica by FurtherAfrica
June 4, 2020
in Africa, Angola, FID, Oil
Reading Time: 1 min read
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Zimbabwe raises US$20 million in T-bill sales to fight pandemic
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Gemcorp has completed preliminary work preparing a site in Angola for the construction of the Cabinda oil refinery.

The first 30,000 barrel per day phase should be ready by late 2021, Gemcorp has said. A final investment decision is expected by the end of June, with construction due to begin in August.

The investment group said it had completed de-mining, land clearance and site preparation on 38 hectares of land. It has also finished the front-end engineering and design (FEED) on both the ISBL and OSBL components.

Source: EnergyVoice via CrudeMIxAfrica

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Tags: AngolaCabinda oil refineryde-miningFeaturefeedFIDfinal investment decisionfront-end engineering and designGemcorpISBLland clearanceOSBLанголаأنغولاアンゴラ安哥拉
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