Angola to build new oil and gas port
The development will support the country’s plans to capitalise on regional demand for refined products
Angolan NOC Sonangol has contracted Brazil's Odebrecht Engineering and Construction (OEC) to build a new oil and gas port. The $499mn Barra do Dande Ocean terminal will comprise import and export infrastructure and storage facilities. Sonangol has commissioned OEC to build capacity to store 580,000m³ of gasoline and diesel as well as 102,000m³ of LPG. As a result, Barra do Dande will be Angola’s largest storage facility, “making possible an increase in the trade balance”, says OEC. Angola is seeking to end its dependence on refined product imports and to capitalise on regional demand through the development of its own domestic refining industry, with more than 360,000bl/d of capacity under
Also in this section
10 December 2024
Sector at economic and strategic crossroads, but clear path ahead for midstream additions
30 November 2024
Decades of turmoil have left Iraq’s vast energy potential underutilised, but renewed investment and strategic reforms are transforming it into a key player in the region
29 November 2024
The country's fifth and sixth oil and gas bid rounds have attracted a range of new players with gas as well as oil ambitions—and there’s a seismic shift in the contracting process
28 November 2024
Iraq is charting a new path for its indigenous resources and its youth, hoping to electrify the future with a mix of reforms and modernisation to fuel growth