2-300t/day peanut oil refinery market in congo

   
2-300t/day peanut oil refinery market in congo
                                               
                                               
                                               
                                               
  • 2-300t/day peanut oil refinery market in congo
  • What happened to oil production in Congo?
  • By the turn of the century, production began to decline as existing oil fields reached maturity. As of 2008, oil production has increased every year as a result of several new projects, mainly Congo’s first deep-water field Moho-Bilondo. The Congo is the sixth largest oil producer in sub-Saharan Africa.
  • What are the downside risks to the Congo oil market?
  • However, there are several downside risks to the outlook including volatile oil prices and unsteady oil production, an escalation of the war in Ukraine and related spillovers, and a further tightening of global or regional financial conditions. Sources: Congolese authorities, BEAC, and World Bank staff estimates and projections. February 2023. 2.
  • What is Congo’s first oil refinery?
  • The country¡¯s first refinery, the Congolaise de raffinage (Coraf), has been in operation since 1982. The refinery has the capacity to process 1 million tons of oil per year, but officially only processes 600,000 tons annually. The country¡¯s needs are estimated at 1.2 million tons.
  • What is the economic outlook for Congo in 2022?
  • Following a growth rate of 1.5% in 2022, the Congolese economy is expected to continue to recover gradually from its recent protracted recession. The Republic of Congo (ROC) GDP is projected to grow at 3.5% in 2023 and to average 3.6% in 2024-25. Oil sector growth will be driven primarily by the resumption of investment by oil companies.