Middle East Economic Survey
Rawabi Wins Congo Republic Refinery Contract
The Congo Republic government announced on 13 February that Saudi Arabias Rawabi Holding Company had been awarded an $870mn contract to expand capacity at the Coraf refinery from 25,000 b/d to 100,000 b/d. Coraf, which began operations in 1982, has suffered from a succession of technical problems and operates well below its 25,000 b/d nameplate capacity. But it accounts for 70% for...