new oil refinery projects in mali

                                               
                                               
                                               
                                               
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  • Who will build Africa’s Oil Refinery?
  • The construction of the refinery will be undertaken by a joint venture comprising Korean-based, Samsung Engineering with a 45% stake and Spanish-based, Técnicas Reunidas with 55%. Key gas and oil refinery projects are to be launched through 2025 to improve Africa’s refining capacity and reduce imports.‌
  • Does Mali have oil?
  • Mali’s Taoudeni basin has seen increased oil exploration activity since 2004. Though Mali is mineral rich, it does not have any established oil or gas reserves worth commercial exploitation, as stated in the passage. Recent instability and the threat to oil wells has prompted foreign military powers to intervene.‌
  • Where is the largest oil refinery in Africa?
  • Located in the Lekki Free Zone near Lagos, Nigeria, the 650,000 barrel per day (bpd) Dangote Refinery is Africa’s largest oil refinery, as well as the world’s largest single-train facility.‌
  • When will the Tiaret refinery be built?
  • First production is planned for 2024, with the American developers stating that the project remains on track. In north Africa, Algeria’s NOC, Sonatrach, launched the Tiaret Refinery this year—a 100,000-bpd facility that aims to significantly improve the country’s refining capacity.‌
  • Where will a non-integrated refinery be built?
  • The non-integrated refinery will be built at Tiaret in Algeria and will be owned and operated by Sonatrach. During the period 2021-2025, the facility is expected to see an estimated capital expenditure of approximately $200 million.‌
  • When will the Soyo refinery be built?
  • In May 2022, the first stone for the Soyo Refinery was laid with construction expected to commence either this year or in early 2023. First production is planned for 2024, with the American developers stating that the project remains on track.