Angola to increase its oil and gas refining capacity

เกจวัดแรงดันไฟฟ้า is planning to strengthen the its oil and fuel refining capability to satisfy home vitality demand while decreasing energy imports and maximizing the monetization of energy sources for regional and international markets – Minister of Mineral Resources, Oil and Gas, H.E. Diamantino de Azevedo has revealed.
Speaking at a gathering in Huambo province in the central area, the minister stated that building new refineries and modernizing current ones will allow Angola to maintain its power supply whereas decreasing costs incurred from energy imports. To date, a scarcity of infrastructure has resulted in Angola spending over $1.7 billion on oil imports per annum to satisfy domestic power needs despite the nation boasting 8.2 billion barrels of proven oil reserves and an estimated thirteen.5 trillion cubic toes of pure gas reserves.
Angola currently has only one operational refinery, the Luanda Refinery, operated by energy firm, Fina Petroleos de Angola, and national oil firm, Sonangol, processing as much as sixty five,000 barrels of crude oil per day (bpd). ราคาpressuregauge , however, is underway to broaden the Luanda refinery to 72,000 bpd – a improvement which the Ministry of Mineral Resources, Oil and Gas says will assist Angola save $200 million in power export costs.
MIREMPET is also creating two new services which include a $920 million plant in Cabinda to extend Angola’s refining capacity by 60,000 bpd in addition to a one hundred,000-bpd refinery in Soyo metropolis – in which the ministry awarded US-based Quanten Consortium Angola the tender to assemble.
In addition, a 200,000-bpd refinery is being developed in Lobito province with Sonangol having chosen Japanese conglomerate, JGC Holdings, to provide required providers. With the Russia-Ukraine tensions inflicting a spike in oil costs, boosting Angola’s oil and gas refining capability may even scale back Angola’s vulnerability to risky international energy prices.
Moreover, with new projects corresponding to Eni’s Ndungu early manufacturing venture and TotalEnergies’ CLOV Floating Production, Storage and Offloading unit, increasing Angola’s manufacturing and refining capability will enable Angola to maximise the monetization of its power assets. As a outcome, Angola will broaden the trading of ready-to-use fuels with Europe because the bloc seeks various power suppliers to reduce reliance on Russian resources.

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