Pressdia Ad

Cameroon’s $622 Million Kribi Oil Refinery to Begin Operations in 2026, Ahead of Schedule

Cameroon is set to commission its Kribi oil refinery in 2026, almost two years earlier than originally planned, marking a milestone in the country’s energy sector. The $622 million project, backed by Cstar Petroleum and the state-owned National Hydrocarbons Company (SNH), aims to reduce the nation’s dependence on imported fuels and boost domestic refining capacity, according to Business Insider Africa.

During its initial phase, the refinery is expected to process 10,000 barrels per day, meeting roughly 22 percent of Cameroon’s diesel and gasoline demand. This development is particularly significant as the country has relied heavily on fuel imports since a 2019 fire disrupted operations at the Limbe-based Sonara refinery, previously the country’s only major facility. Officials say the refinery will help cut imports by nearly a third, stabilize foreign exchange, and create thousands of jobs. 

Located near the deep-water port of Kribi, the facility spans 250 hectares and is designed for a final capacity of 30,000 barrels per day. It will include a fuel storage terminal capable of handling diesel, gasoline, jet fuel, and other petroleum products, strengthening Cameroon’s supply chain and regional export potential. Preparatory works are already underway, with full-scale construction set to accelerate in the coming months. 

The Kribi refinery is expected to play a strategic role in Central Africa’s energy landscape, providing a steady supply of refined products and supporting the government’s broader economic and industrial development goals. 

Image Source: africa.businessinsider.com

Pressdia Ad

Subscribe to Newsletter

Get the latest in luxury, business, and elite trends—subscribe now!

Pressdia Ad

Subscribe

Latest Posts

Vodafone Beats Revenue Estimates as Germany Returns to Growth

Vodafone Group reported first quarter results that exceeded market expectations, driven...

David Jonsson Cast as Prince T’Challa II in Marvel’s Black Panther 3

Marvel Studios has officially cast British actor David Jonsson as Prince...

Contemporary African Design Rooted in Craftsmanship — MIA Workshop

MIA Workshop is a contemporary African design studio celebrated for its...

Christie Bature The Counsellor Transforming Lives Through Healing and Restoration

Rev. Christie Bature Ogbeifun is a Nigerian counsellor, transformational coach, addictions...

Top 10 Most Influential and Celebrated Visual Artists from Africa

Africa’s visual arts scene has become one of the most dynamic...

Marriott Expands Egypt Footprint as Tourism Boom Fuels Hospitality Investment

Marriott International is strengthening its presence in Egypt as the world’s...

Renault Posts Record Sales in Morocco as Africa’s Leading Automotive Hub Strengthens

France’s largest carmaker, Renault Group, has recorded its highest-ever vehicle sales...

Related Posts

LEAVE A REPLY

Please enter your comment!
Please enter your name here