Angola is keen to end its product import dependence
Angola advances refining ambitions
Long-standing plans to reduce import dependence in the crude-rich nation might finally be making progress
Angola continues to advance plans for a significant expansion of its refining sector, with more than 360,000bl/d of capacity under development. In the latest move, state-owned oil company Sonangol launched a tender in July for international investors to design, build, own and operate the largest of the proposed refineries—the 200,000bl/d facility at Lobito. The Angolan authorities hope to sign a memorandum of understanding with the tender winner in early November this year, followed by a partnership agreement by 1 February 2022. The Lobito plans have long stalled, with Sonangol having previously predicted the facility would be operational by as long ago as 2015. But the project “is part of t
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
