Oil output continues after fire guts refineries

January 3, 2017 10:17 PM

The state-run Societe Ivoirienne de Rafinage (SIR) refinery said a hydrogen leak caused a fire in one of the hydro cracking units.

Refinery catches fire

The refinery at Cote d’Ivoire said on Tuesday a fire broke out, but was put out by the evening and production was unaffected.

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Workers were assessing the damage and it was not clear how long repairs would take.

“The other refining units have remained in operation and make it possible to cover the petroleum products needs of the Ivory Coast and the countries of the sub-region,’’ SIR said.

SIR, which produces 3.4 million tonnes each year, provides Ivory Coast with nearly all of its petroleum products and also supplies neighbouring countries.

Nigeria is its primary supplier of crude and its main buyer of refined exports.

The refinery has amassed debts worth hundreds of billions of CFA francs hundreds of millions of U.S. dollars since 2008, forcing the government to organise debt relief last year.

Ivory Coast’s economy has expanded rapidly since a decade of political turmoil ended in 2011.

The government says putting the energy sector on a firm footing is key to future growth.