Conakry energy storage plant operation

Does Guinea-Conakry have a petroleum supply?

Currently, Guinea-Conakry has a limited storage capacity for petroleum products, with the SGP capable of storing a supply offering approximately three weeks of demand for mining companies, retail stations, and the country’s state-owned electric utility grid, the primary consumers of the country’s petroleum supply.

Does Guinea-Conakry have a national energy policy?

With advancements in the establishment of a structured, transparent, and coherent, national energy policy, the Government of Guinea-Conakry is demonstrating its commitment to the development of upstream and downstream activities in the country’s petroleum industry.

Will Guinea-Conakry get exploration licenses for 22 unexplored offshore blocks?

While working to develop, implement, and monitor the Guinean Government’s upstream policies and promote the assessment of the country’s infrastructure for the storage and distribution of petroleum, ONAP is establishing the bidding terms to award exploration licenses for 22 of Guinea-Conakry’s unexplored offshore blocks.

Will ONAP promote further oil exploration in Guinea-Conakry?

The activities reportedly found no exploitable quantities of oil, however, there is still evidence that the offshore regions of the country do contain commercially viable oil, with trust that the increasingly productive role being played by ONAP will promote further oil exploration in Guinea-Conakry.