ANGOP - Angola Press News AgencyANGOP - Angola Press News Agency

Go to homepage
Luanda

Max:

Min:

Home » News » Economy

Tue, 19 Mar 2019 11:39 - Updated Tue, 19 Mar 2019 11:39

Sonangol reassures fuel consumers

Luanda - The State-owned oil firm “Sonangol” has told its consumers that the fuel supply situation in Luanda province would be tackled but it did not set any deadline for the full solution to the problem, recorded since the early hours of last Saturday.

Send by email

To share this news by email, fill out the information below and click Send

Correct

To report errors in the texts of articles published, fill out the information below and click Send

View of a fuel station in Luanda city

Photo: Cortesia de Sílvio Nascimento

In its statement, Sonangol attributed the fuel shortage to logistic problem, saying that the situation forced the company to restructure process.

The restructure measure covers processes relating to the quantities of fuel needed for different consumers, intermediates and finals.

The exercise will enable the ongoing refueling process and the next stocking to meet the market needs.

The communiqué makes clear that after making any change the market will take some time to get back to normality in term of fuel distribution.

The situation may lead to a false perception of existing a product shortage.

Last time Luanda reported fuel shortages was in October 2017, due to a 24-hour delay in supply of the stations.

Tags Petróleos  

Read also
  • 18/03/2019 12:24:33

    National agency launches bidding, offers 55 oil blocks

    Luanda - The National Oil and Gas Agency (ANPG) announced plans to launch a bid of 55 offshore and onshore blocks this year.

  • 18/03/2019 12:00:51

    Brent opens high in London

    London - Brent oil for May delivery opened high on Monday in the London Futures Market at 67.31 US dollars, with a variation of 0.22% in relation to the previous session.

  • 13/03/2019 20:18:12

    Eni announces big oil discovery

    Luanda - Sonangol and Eni today announced the completion of a new oil discovery in block 15/06 in the Lower Congo Maritime Basin, with the drilling of the Agogo-1 ST1 research well, with estimated reserves between 450 and 650 million barrels.