The Ministry of Mines, Industry and Energy, representing the Government of Equatorial Guinea, announced today that it has signed a Memorandum of Considerate with three companies to build a crude oil and petroleum products storage tank farm on Bioko Island, Equatorial Guinea.
Sourced through Scoop.it from: globserver.cn
In an expansion of the previous project plan, the Bioko Oil Terminal will incorporate a significant all of crude oil storage space, inclunding storage for associated petroleum products. It will serve the Gulf of Guinea region and facilitate processing and export to consumers regionally and globally. The MoU establishes the terms of cooperation part the Ministry and the three companies.