Flagship Project

Closing Africa's Fuel Gap

A 30,000 BPD modular refinery and oil terminal on West Africa's coast — purpose-built to deliver fuel security to a region that imports the majority of its refined products despite producing millions of barrels of crude.

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Project at a Glance

Location Mandinary, The Gambia

Capacity 30,000 BPD

Storage 50,000 MT

Target Markets 6 Nations

To First Production 24 Months

EPZ Status Approved

Development 5+ Years

The Opportunity

A Continent That Exports Crude — and Imports Fuel

Africa produces over 8 million barrels of crude oil per day, yet remains a net importer of the refined products its economies run on. The result is a structural deficit worth over $100 billion in needed investment.

8M+ BPD

Crude Produced, Yet 70%+ Refined Fuel Imported

Africa produces over 8 million barrels of crude per day yet imports the majority of its refined fuel — exporting raw value and buying it back at a premium.

4.5M BPD

Projected Refined Fuel Demand by 2050

Driven by population growth, urbanization, and industrialization, African petroleum demand is expected to grow from 1.8M to 4.5M BPD by mid-century.

~3.9M BPD

Additional Refining Capacity Needed

Africa's refining capacity has declined 21% over 14 years even as demand has surged — the equivalent of six mega-refineries worth of unmet need.

Africa needs over $40 billion in refining investment by 2030 to meet its mid-decade objectives. Infrastructure limitations — shallow ports, inadequate storage, stressed logistics — add $20–30 per tonne to the cost of every barrel of imported fuel. OPEC's 2025 World Oil Outlook projects Africa will add 1.2 million BPD of new refining capacity by 2030, one of the fastest downstream expansions in the world, yet the gap continues to widen as demand outpaces supply.

The Project

Modular Refinery & Oil Terminal

A next-generation, modular petroleum refinery and deepwater-access oil terminal situated on The Gambia's Atlantic coast — engineered to refine regional crude and distribute refined products across West Africa.

Mandinary, The Gambia

Refinery Configuration

30,000 BPD Crude Distillation Unit (CDU)
Modular, pre-fabricated construction for rapid deployment
Naphtha, Gasoil (diesel), Fuel Oil, and Kerosene output
Designed for phased expansion to 60,000+ BPD
Desulfurization and gasoline processing in Phase 2

Terminal & Infrastructure

50,000 MT supplemental tank storage capacity
Marine loading for coastal and regional distribution
Truck loading infrastructure for inland markets
Strategic coastal positioning for multi-country access
Reduces regional fuel transport overhead by shortening supply chains

Target Markets & Products

Automotive fuels (gasoline, diesel) for consumer and commercial use
Power generation fuel for industrial and grid applications
Mining sector fuel supply across the Sahel region
Marine and shipping bunkering services
Kerosene for household and aviation use

Execution Readiness

Bankable feasibility study and engineering complete
All permits, approvals, and licenses secured
Export Processing Zone license: 10-year tax holiday
World-class EPC contractors selected and engaged
24-month construction timeline to first production

Strategic Advantages

Why This Project. Why Now.

A rare convergence of structural market demand, regulatory incentives, execution readiness, and world-class partnerships.

Massive Supply Deficit

West Africa imports the bulk of its refined fuel at premium prices. Local refining delivers a structural cost advantage and captures margin currently leaving the continent.

Export Processing Zone

A 10-year tax holiday, duty-free raw material imports, and streamlined regulatory treatment under The Gambia's EPZ framework create exceptional project economics.

Secured Offtake

Commercial agreements with major global energy companies provide revenue visibility from day one of operations.

Coastal Strategic Position

The Gambia's Atlantic coast location enables efficient distribution to six West African nations by sea and road, serving markets from Senegal to Sierra Leone.

Demand Certainty

African petroleum demand is projected to grow through 2050 and beyond, driven by population growth, urbanization, and industrialization across the continent.

Modular Scalability

Pre-fabricated modular design enables phased expansion from 30,000 to 60,000+ BPD, growing capacity in lockstep with market demand.

Growth Roadmap

From First Barrel to Regional Platform

A disciplined, phased approach that builds capability and expands reach with each stage — from crude distillation to a full-complex refinery serving six nations.

Active Phase

Phase 1

Target: Q3 2028

30,000 BPD Crude Distillation Unit
50,000 MT supplemental tank storage
Marine & truck loading infrastructure
Products: Naphtha, Gasoil, Fuel Oil, Kerosene
Operational cash flow within 24 months

Target Markets

The Gambia Senegal Mali

Expansion

Phase 2

Target: Q3 2030

Gasoline processing block addition
Desulfurization unit for cleaner fuels
Higher-margin refined product slate
Expanded storage and logistics capacity
Enhanced regional distribution network

Target Markets

The Gambia Senegal Mali

Scale

Phase 3

Target: Q3 2032

Capacity doubled to 60,000 BPD
Vacuum Distillation Unit addition
Full-complex refinery configuration
Premium product slate (jet fuel, lubricants)
Regional energy infrastructure platform

Expanded Markets

The Gambia Senegal Mali Guinea-Bissau Guinea Sierra Leone

Partners & Execution

World-Class Execution Capability

Backed by global energy leaders across every critical function — from engineering and construction to crude supply and product offtake.

Execution Partners

Thermo Design Lutech SAGA Global

Commercial Partners

ExxonMobil Chevron Vitol Riverlake CLG Group