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Bioko oil terminal project, Equatorial Guinea

6th February 2015

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

  

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Name and Location
Bioko oil terminal project, Punta Europa, Equatorial Guinea.

Client
Ministry of Mines, Industry and Energy of Equatorial Guinea.

Project Description
The project involves the construction of Africa’s largest oil storage terminal.

The terminal will be built at Punta Europa, located on the Bioko Island part of Equatorial Guinea, and will therefore be ideally located to service the key oil supply and demand centres throughout West Africa.

The terminal is expected to have a total storage capacity of 1.2-million cubic metres for refined products and crude in the first two phases.

The first phase will have 680 000 m3 of refined products storage capacity and the primary purpose of the oil terminal will be to supply international markets with petrol, naphtha, diesel, jet a-1 and fuel oil.

The subsequent phases will include crude oil storage.

Value
Not stated.

Duration
Not stated.

Latest Developments
Taleveras group has signed an agreement with the Ministry of Mines, Industry and Energy of Equatorial Guinea to build the oil storage terminal.

As the engineering, procurement and construction (EPC) contractors have been selected, the next step for the project is to conclude and sign the front-end engineering design contract, and select the consortium to build, own and operate the terminal.

Key Contracts and Suppliers
Taleveras Group (EPC).

On Budget and on Time?
Not stated.

Contact Details for Project Information
Ministry of Mines, Industry and Energy of Equatorial Guinea, tel +240 333 093549, fax +240 333 093353.
Taleveras, tel +234 817 588 1215.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

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