Soyabean Oil Refinery Plant in Angola

Will Angola build a third largest oil refinery in Soyo by 2024?
The Quantem consortium, which comprises American companies TGT, Quantem, Aurum & Sharp and the Angolan company Atis-Nebest will invest $3.5 million-dollars to build Angola’s third largest oil refinery in Soyo by 2024. Once completed, the refinery is expected to process 100,000 oil barrels per day (bpd).
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.
Will Sonangol EP operate the upcoming Soyo refinery?
Sonangol EP will operate the upcoming Soyo refinery, proposed to be built at Zaire in Angola. The non integrated refinery will be owned by Sonangol EP and is expected to start operations in 2025. During the period 2021-2025, the Soyo refinery is expected to witness an estimated capex of $3,185m.
Who are the key contractors for the upcoming Soyo refinery projects?
Some of the key contractors for the upcoming projects at the Soyo refinery include the following. Main EPC: China National Chemical Engineering. Sonangol EP (Sonangol) is a state-owned oil company that carries oil and natural gas exploration activities.