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
10 May 2024
The US’ contentious LNG permitting pause has prompted criticism from CEOs and wildly differing interpretations from politicians
9 May 2024
Pipeline boosts Canada’s oil industry by widening its export options, making it less reliant on US market and bringing Asia into the mix
8 May 2024
Despite Australia’s first import terminal nearing completion, the prospect of additional regasification projects is far from certain