Tue, 17 Dec 2019 13:18 - Updated Tue, 17 Dec 2019 13:16
Angola plans to refine over 300,000 crude-oil barrels per day
Cabinda - Angola plans to refine 360,000 barrels of crude oil a day within five years, through a gradual process until 2025 to cut imports and costs of crude by-products processed abroad.
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A model of the future Cabinda refinery.
Photo: Pedro João
CEO of Sonangol - Sebastião Gaspar Martins
Photo: Pedro Parente
With the entrance into operation (in 2025) of new refineries in the country, namely of Lobito with capacity to refine 200,000 barrels/day, Soyo (100,000 barrels/day) and Cabinda (60,000 barrels/day) it is expected that the domestic market demand be met, which is not the case now, with current refining capacity hovering around 80,000 barrels/day.
According to the CEO of the Angolan State oil firm (Sonangol) the aim is to reduce or stop imports of crude oil by-products, enabling national production to meet local needs and eventually export its surplus to neighboring countries.
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