Grand Bahama due grassroots refinery, deepwater port

The government of the Bahamas has approved a multibillion-dollar plan by Oban Energies LLC, Palm Beach Gardens, Fla., to build a grassroots refinery and liquid-bulk storage terminal along the Northwest Providence Channel, off the southern tip of Grand Bahama Island, 35 miles east of Freeport.

With negotiations between Prime Minister Hubert Minnis’s government and Oban Energies now completed, the parties will sign a heads of agreement on Feb. 19 for the two-phased project, which alongside a 20 million-bbl liquid-bulk storage terminal, will include a 250,000-b/d refinery, the Bahamian government said in a release.

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