06.01.2015
On 5 January, Nigerian energy firm Taleveras Group announced a recent deal with the Government of Equatorial Guinea which will see the construction of a giant oil storage hub in the Punta Europa region of the island of Bioko. This hub will be the largest of its kind in Africa, with a capacity of 1.34 million tonnes of storage for crude oil and other products such as gasoline and jet fuel. The statement from Taleveras Group noted that the hub will “be ideally located to service the key oil supply and demand centres throughout West Africa”. This addition to Equatorial Guinea’s industrial infrastructure will be greatly beneficial for the regional economy.
Read more here: http://af.reuters.com/article/investingNews/idAFKBN0KF0EP20150106
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