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Mozambique: Design Documents for Oil Refinery Signed
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Agencia de Informacao de Mocambique (Maputo)
16 May 2008
Posted to the web 16 May 2008
Maputo
The project to build an oil refinery at Nacala-a Velha, on the coast of the northern Mozambican province of Nampula, took a step forward on Thursday with the signing of agreements on the project design, reports Friday's issue of the Maputo daily "Noticias".
The document was signed between the Ayr Development Group, a subsidiary of the Texas-based Ayr Logistics, which is financing the Ayr Petro-Nacala project, and the South African building company Group Five.
Budgeted at 5.5 billion US dollars, the refinery, which is expected to start operating within the next seven years, will have the capacity to produce 300,000 barrels of fuel a day. This will relieve Mozambique of the need to import refined fuels, and since 300,000 barrels a day is much more than Mozambique's consumption, the surplus can be exported to other southern African countries.
The chairperson of the Ayr Logistics board of directors, Philip Harris, said that besides complementary industrial infrastructures, housing and other projects of a social character, his group will finance the building of a vocational training centre to serve Nampula residents so that they can directly participate in building the refinery.
Ayr Logistics and the Mozambican Education Ministry will supervise the centre, which is to train staff, not only for the refinery, but for other industrial activities across the country.
Willie Zeelie, executive director of Group Five, a company with wide-ranging experience in building refineries, in Africa, Europe and the Middle East, said, after signing the contract, that "success of the Nacala-a-Vilha refinery is inevitable".
For his part, Mozambican Energy Minister Salvador Namburete, who witnessed the signing ceremony, said that the building of a refinery in Nacala symbolises a new step in the development of the oil industry in Mozambique.
"The project to build a refinery in Nacala-a-Velha is part of the partnership that we have been developing with the private sector in our country", he said.
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Speaking of the benefits from this undertaking, Namburete said that it will transform crude oil into final products such as petrol, diesel, kerosene and cooking gas, not only to supply the national market but also the neighbouring countries, and will create many jobs.
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| Copyright © 2008 Agencia de Informacao de Mocambique. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections -- or for permission to republish or make other authorized use of this material, click here. | |||||||||||||||||||||||||||||
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