ENCA: Equatorial Guinea, Taleveras to build Africa's largest oil storage hub

Equatorial Guinea has signed an agreement with Nigerian energy firm, Taleveras Group, to build an oil storage hub in the West African country.

‘The Bioko Island facility will have a total capacity of 1.34 million tonnes of storage for crude oil and products such as gasoline, naphtha, jet fuel and fuel oil. It will be the largest crude and products storage facility in Africa,’ said Taleveras in a statement.

The terminal will be built at Punta Europa, which is located on Bioko Island, and will be able to service the key oil supply and demand centres throughout the region.

Equatorial Guinea, the only Spanish-speaking country in Africa, and one of the smallest nations on the continent, is situated at the hub of the dynamic offshore West Africa Petroleum Province and is now established as a significant petroleum-producing nation.
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