December 2, 2019 -
Equatorial Guinea announced that they are dedicating $1.0 billion to the construction of new oil & gas assets, including two new crude oil refineries. The two refineries would each be able to process 30-40 Mbbl/d in crude from the Zafiro offshore field.
The remainder of the capital will be used to develop crude oil storage, a methanol-to-gasoline plant and an expanded LNG project.
