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Petroleum Africa

Brahms Appoints AFC as Advisor for Guinea Refinery Project

Wednesday, December 19, 2018

Brahms Oil Refineries Limited appointed the Africa Finance Corp. (AFC) as Financial Adviser for the development of the Petroleum Refining and Storage Infrastructure Project to be located in Kamsar, Guinea. The project is comprised of petroleum storage and transportation infrastructure, as part of a 12,000-bpd modular refining facility. The project is being implemented by Société de Raffinage Guinéenne S.A; a subsidiary established by Brahms that will process crude oil primarily sourced from West Africa into refined petroleum products for sale into the local Guinean market.As operator, Brahms has already completed substantial early development work on the project, including key environmental and social impact assessments, site studies and preparation, as well as key legal, regulatory and economic framework agreements in Guinea. AFC will be working alongside other appointed project advisers: Gide Loyrette Nouel (Paris) and Contax Partners (UAE) to conclude with the operator on outstanding development work and raising the required capital for the project. Financial close of the project and start of construction is slated for the Q4 2019.