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A South Sudanese oil trading company said Wednesday that it plans to establish an 8.2 billion South Sudanese pound (about 500 million US dollars) crude oil refinery at the Paloch oil field to serve the region with refined products from the South Sudanese. Petroleum.
Robert Eric Mdeza, CEO of Trinity Energy, a company specializing in petroleum products and related services, said earlier this week that the idea is to build a scalable refinery that will eventually reach the size of 40,000 barrels a day.
Mdeza revealed that the company controls about 40 percent of the country’s oil market and noted that the company also plans to build a storage capacity of 50 million liters of refined products along the Juba-Bahr-el-Ghazal highway.
He said the initial purpose of setting up the refinery in Paloch, located in the oil-rich Upper Nile region, is to reduce the cost of transporting crude.
“So we have the source, we will refine it close to the sources, and from there we will find the market. One market is obvious is South Sudan, next to it is Ethiopia, Sudan and the surrounding countries are the potential market, ”he said.
Mdeza said the company will seek ways to partner with banks to finance the construction of the project, adding that it will be a combination of a loan and an investment from the company.
He said the 40,000 barrel-per-day refinery will supply the East African region with refined oil by-products.
