Sonangol takes Cabinda refinery FID
Angolan NOC is moving forward with most promising project, but other downstream expansion plans remain in limbo
Angolan state oil firm Sonangol has long espoused ambitions to create a downstream sector to match the upstream, upon which the former Portuguese colony is highly reliant. Imports account for around 80pc of the country’s refined product demand, with the rest being processed at the only functioning refinery at Luanda. The facility has a throughput capacity of c.57,000bl/d, although an ongoing upgrade project will increase this to 65,000bl/d, with a completion date pencilled in for next year. Key to the government’s plans to develop the sector are the addition of greenfield facilities at Lobito in the south, Soyo in the north and Cabinda even further north in the exclave of the same name. Part
Also in this section
13 March 2025
Gas will become a more important part of the energy mix longer-term raising the alarm for much-need investment as supply struggles to keep up with demand
13 March 2025
The spectre of Saudi Arabia’s 2020 market share strategy haunts a suffering OPEC+ as Trump upends the energy world
12 March 2025
Petronas-Eni eyes joint venture to prioritise key gas developments, with huge opportunities for growth in Indonesia and a steady Malaysia portfolio
12 March 2025
Bearish market sentiment and bullish long-term outlook for oil and gas consumption prevails at CERAWeek
