Petroleum Africa
Find us on: 
Tuesday, January 6, 2015
The Taleveras Group out of Nigeria has signed a deal with the government of Equatorial Guinea to build a giant oil storage hub on Bioko Island. The facility will have a total capacity of 1.34 million tons of storage for crude oil and products such as gasoline, naphtha, jet fuel and fuel oil, the firm said.
Taleveras said it will be the largest crude and products storage facility in Africa. “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 centers throughout West Africa,” Taleveras said in a statement.
Taleveras offered no start date for the project nor the project’s estimated value, it did say however, that it obtained the rights in December through an open negotiation process which involved several unnamed companies.
" alt="First LNG Realized at the Greater Tortue Ahmeyim Project">
" alt="United Energy Acquires Western Desert Producer APEX">
" alt="Baker Hughes Announces Major Gas Technology Orders for Venture Global LNG">
" alt="ReconAfrica: Naingopo Results Demonstrate a Working Petroleum System">
" alt="Tullow Highlights 2025 Operational Plans in Ghana">
" alt="TotalEnergies to Supply 1.5 TWh to STMicroelectronics in France Over 15 years">
" alt="Rockhopper Reaches Final Settlement with United on Egypt’s Abu Sennan Concession">
" alt="Oil & Gas Crucial for African Growth: AEC Calls for Industry Support to Defend African Market">
