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 is Sovena oilseeds Portugal?
From the former Tagol, Sovena Oilseeds Portugal was born, which has been essential for our growth. The factory is dedicated to the extraction and refining of sunflower, soy and rapeseed oils, as well as the production of biodiesel.
How does Sovena oilseeds work?
At the factory’s port terminal, large volumes of seeds are unloaded for extraction, flours for animal feed are loaded onto boats for export markets, and oils are loaded and unloaded. All foods and oils that Sovena Oilseeds Portugal produces are packaged by Sovena.
Did Angola import crude oil?
Angola did not import crude oil. Oil accounts for the second largest share of CO2 emissions globally, primarily in the transport sector where, despite recent exponential growth in EV sales, the vast majority of cars, trucks, ships and aircraft are still powered by oil-based fuels burned in internal combustion engines.