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

Lessons From 15 Years of Andrea Iyamah Redefining African Luxury and Global Resort Wear

Founded in 2011 by Nigerian designer Andrea Iyamah Nehikhare, Andrea Iyamah...

Honeywell Deploys New Industrial AI Platform at Dangote Refinery with $60 Million Annual Benefit in View

Honeywell Technologies has launched Forge Plant Cognition, a new industrial artificial...

Lula Secures Historic Fourth Presidential Term After Dramatic Election Comeback in Brazil

Brazilian President Luiz Inácio Lula da Silva has won re-election, securing...

Elon Musk Offers Free Starlink Internet to 2.4 Million South African Students

American billionaire Elon Musk has offered to fund free high speed...

PIDG Targets $1 Billion in Annual Infrastructure Investment Across Africa and Asia Through 2030

The Private Infrastructure Development Group (PIDG) plans to deploy at least...

Easyjet Weighs Starlink Wi-Fi Partnership as Budget Airlines Reassess In-Flight Connectivity

British low-cost airline easyJet has explored a potential partnership with SpaceX’s...

Saudi Arabia to Store Crude Oil in Singapore From 2027 to Strengthen Asian Energy Security

Saudi Arabia plans to begin storing crude oil in Singapore’s underground...

Audacious Nigeria: Contemporary Workwear for the Confident Woman

Audacious Nigeria is a womenswear brand focused on elevated workwear, contemporary...

Related Posts

LEAVE A REPLY

Please enter your comment!
Please enter your name here