Mon, 28 May 2018 18:34 - Updated Mon, 28 May 2018 18:34
Crude oil derivatives cost over USD 4 billion
Luanda - At least 4.3 billion US dollars is the amount authorized in a presidential order to open the simplified contracting procedure for the supply of petroleum byproducts to Sonangol Logística Limitada, ANGOP has learned.
Send by email
To share this news by email, fill out the information below and click Send
To report errors in the texts of articles published, fill out the information below and click Send
Agreement aimed at guaranteeing regular supply of fuels until 2019
Photo: Lino Guimaraes
The expenses are inherent to the contracts to be celebrated in the period from April 1, 2018 to March 31, 2019, according to the presidential decree published in the State Gazeta of May 24.
According to the document, there are needs to be contracted to supply gasoline, diesel and marine gas oil to Sonangol Logística Limitada, within the scope of the petroleum system's logistic oversight under the terms of Articles 40 and 60 of Presidential Decree No. 132 / 13, of September 5.
The legal tool also justifies the need to ensure supplies to the domestic market with petroleum products, as of the second quarter of this year, in light of the current contracts for the supply of derivatives to Sonangol Logística Limitada.
The presidential decree directs the Board of Directors of Sonangol E.P, in order to report to the Ministry of Mineral Resources and Petroleum (as Ministerial Department of Petroleum) on the progress of the process.
- 31/01/2019 11:49:09
London - Brent oil for March delivery opened High on Thursday in the London futures market a 62,19 US dollars, with a variation of 0.67% in relation to the previous session.
- 30/01/2019 16:52:13
London - Brent oil barrel for March delivery opened on Wednesday in the London futures market at USD 61.55, up 0.48% from the close of the previous session.
- 27/01/2019 12:49:34
Luanda - The Angolan State-owned oil firm Sonangol has been included in the list of the world?s best100 firms, deemed the best fully integrated company in Africa in 2018, by the British magazine ?World Finance?.
- 25/01/2019 12:18:21
London - Brent crude for March delivery opened high on Friday in the London futures market at USD 61.78, with a variation of 1.05% in relation to the previous session.