Seed Oil Refinery Equipment Manufacturing in Angola

Seeds Oil Refinery Plant in Angola

Does Angola have a refining capacity?
Status: In August last year, the Ministry of Mineral Resources and Petroleum launched an international public tender for the construction of a privately-owned oil refinery in Soyo. With current production meeting less than one-third of domestic oil consumption, Angola’s refining capacity remains severely underserved.
Who will build the new oil refinery in Angola?
The new refinery in Angola will be jointly developed by Sonaref, a subsidiary of Angola’s state-owned oil company Sonangol, and Gemcorp Capital, a private investment management company. The Angola government initially made a deal with a consortium led by United Shine for building the Cabinda refinery in June 2019.
How will Luanda refinery improve energy independence?
Once completed, the country will significantly reduce its fuel import costs and accelerate its efforts to energy independence. Status: As the only operating refinery in the country, the Luanda refinery meets only 20 percent of the market’s needs.
How is Angola boosting its downstream sector?
Angola is boosting its downstream sector through the construction of the Soyo, Cabinda and Lobito refineries. Once completed, the country will significantly reduce its fuel import costs and accelerate its efforts to energy independence.