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The proposed refinery will have a processing capacity of 200,000 barrels of liquid fuel per day. President Daniel Chapo of Mozambique, who witnessed the signing, described the
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The project will boost a capacity that far exceeds the country's current demand of 350,000 bpd of oil, leaving plenty of space for refined exports of refined products. In order to secure the output,
Mozambique's state oil company, Petromoc, and Nigerian group Aiteo Eastern signed a memorandum of understanding on Wednesday to conduct a feasibility study for constructing a
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- Will Mozambique build a crude oil refinery?
- The government of Mozambique has entered two strategic agreements that, if finalized, would result in construction of the country’s first crude oil refinery, as well as a grassroots pipeline for delivery of petroleum-based products from the southeast African coastal republic to neighboring Zambia.
- Will Mozambique build a natural gas pipeline?
- Targeted for commissioning within 4 years, the pipeline project would include construction of unidentified storage infrastructure in both Beira and Ndola, Chapo said. Alongside the grassroots refining and pipeline projects, Chapo also revealed the latest updates to Mozambique’s plans to support development of its natural gas resources.
- How will oilmoz's new oil refinery work?
- The project will boost a capacity that far exceeds the country's current demand of 350,000 bpd of oil, leaving plenty of space for refined exports of refined products. In order to secure the output, Oilmoz signed a 30-year agreement with UK Shell Trading and Shipping Company, which has committed to buy 50% of the refinery's output.
- Will Mozambique's refining & storage project create jobs?
- Aimed at positioning Mozambique as a relevant player in the liquid-fuels value chain, Chapo said the planned refining and storage project also would create jobs for Mozambique’s youth and help boost the country’s domestic GDP by enabling reduced finished-product imports and opportunities for exports abroad.
- How much fuel does Mozambique consume a day?
- Mozambique currently consumes only 22,000 barrel per day (bpd) of fuel, and is dependent on importing refined products for its domestic consumption, spending more than $700 million per year.