Last updateMar, 27 Jan 2015 6pm

Oil: Refinery misses production target

Oil refinery Gabon - Gabon's oil refinery treated 820,000 tonnes of crude oil in 2013 against a target of 1.05 million tonnes, the Managing Director of the company (SOGARA), Pierre Reteno Ndiaye, told journalists in Port-Gentil on Tuesday.

He attributed the shortfall in production to a 27-day strike called in February, a 28-day halt in production following a technical problem and a two-week maintenance.

“Despite those problems, SOGARA managed to increase its production capacity to 165 tonnes/hour as against 110 tonnes/hour previously,' Mr Ndiaye added.

SOGARA, which produces various hydrocarbons, has a capital of 1.2 billion CFAF divided between Total (43.84%), the Gabonese government (25%), Portofino Assets Corporation (16.99%), Petro Gabon (11.67%) and the Italian ENI International (2.50%).

Pana 08/01/2014