MD of CRCC and the Minister of Mines and Hydrocarbons.
By Our Reporter
China Railway Construction Company, one of the biggest construction companies in the world, the parent company of CCECC, who have rehabilitated all the Railway System in Nigeria, with executed projects and various on-going infrastructure projects in excess of Twenty Billion United States Dollars ($20,000,000,000) in Nigeria, is building a 20,000 barrels per day capacity Refinery in Bata, Equatorial Guinea.
The Project started in August 2022, with partnership between the Government of Equatorial Guinea and Chinese investors CIRDL
Consolidated International Refinery Development Ltd. and CRCC.
The Chinese investors are providing the majority of the funding for the Project through an SPV (Special Purpose Vehicle),enabling the Government to deploy necessary capital on numerous other vast essential Infrastructure Projects being undertaken in the Country.
When the Refinery is completed, it will be, undoubtedly, the best Refinery in the whole of Africa, as it will produce the full range of refined petroleum products such as PMS, AGO, DPK, ATK, all at Euro 6 standard.
This is the highest standard in the world, even higher quality than the Dangote Refinery, which is reported to be Euro 5 standard.
The purpose of Euro 6 Standard is to enable all the refined petroleum products produced by Equatorial Guinea to be acceptable for export to any and every country in Africa and indeed the whole world.
The Bata Oil Refinery is another example of the vision of President Teodoro Obiang Ngeuma Mbasogo and the Vice President Teodoro Nguema Obiang Mangue.
This project is to continue their transformation of the Economy of the country, which has one of the highest GDP per capita in the whole of Africa.
The Vice President,Teodoro Nguema Obiang Mangue, has launched several major developmental projects in continuation of the President’s remarkable achievements, making Equatorial Guinea the envy of many African nations presently.
