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Mon, 23 Sep 2019 17:14 - Updated Mon, 23 Sep 2019 17:14

Mirempt holds public tender for Soyo Refinery

Luanda - The Ministry of Mineral Resources and Oil (Mirempt) will launch on 24 October next year an international public tender for private investment to build an oil refinery in Soyo municipality, Zaire province.

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Angola wants to increase the internal supply of oil by-products.

Photo: Bráulio Pedro

The international competition will be held under Law 9/16 of 16 June, public procurement law and other applicable legislation.

The roadshow for its launch will be held on October 10th in Luanda and on the 22nd in Dubai. Angola is the second largest oil producer in sub-Saharan Africa, behind Nigeria, with a production of 1.4 million barrels per day, but imports 80 percent of oil products to meet its domestic needs.

To reduce the deficit and consequently imports, as part of the ongoing reforms in the oil sector, it is on the table the construction projects of Lobito (Benguela) refinery with a capacity of 200,000 barrels / day and Cabinda with capacity of 60,000 barrels / day.

The projected investment for the Cabinda refinery is valued at USD 2 billion. The works start this year and are expected to be completed by 2022.

In addition to the Lobito and Cabinda refineries, the project for the rehabilitation, expansion and modernization of the former Luanda Refinery is underway.

With the ongoing rehabilitation and expansion of this crude processing unit, the Luanda Refinery will increase gasoline production from 300 to 1,200 tons / year.

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