A Petroleum City

Luba, on Bioko Island, is already home to one of the premier logistics hubs on the west coast of Africa, Luba Freeport. The Ministry of Mines, Industry and Energy now has ambitions to bring a world-class industrial zone to Luba and create more value from the country’s petroleum resources and provides a home for new industries.

 

The Industrial Petroleum City of Luba, which will include a new port, will be dedicated to logistics for the oil and gas industry and other industrial activities. More than 1.6 million square meters is available for the city, consisting of a 950,000 square-meter port area, 536,000 square meters for an industrial zone and an administrative area of 150,000 square meters. A specific legal regime will govern activities in the zone.

 

Luba image 1

 

PEGI 2020, Equatorial Guinea’s industrialization plan, provides the framework for the Luba city project. The impact will be felt locally, with 2,500 jobs to be created and new infrastructure built, and internationally, with Luba becoming a point of reference for petroleum logistics and regional traffic.

 

Luba image 2

 

Land has been demarcated and MOUs signed with APGE and Constructora to begin building the Industrial Petroleum City of Luba. The next phases will include design of infrastructure, construction contracts, publishing the legal regime and breaking ground on public works.

 

Benefits:

  • Capacity for very large ships
  • Point of reference for regional shipping
  • Facilitates domestic and regional petroleum industry
  • Support for petrochemicals activity
  • Employment: 1,000 direct and 1,500 indirect jobs
  • Increased tax revenues