Africa Oil & Gas: Sonangol selects partner for new refinery in Angola by March

Oil refinery

Angolan state oil company Sonangol by next March plans to select an international partner to build a new refinery and reduce imports of refined products, the chairman of the board of the company said in Pretoria.

Carlos Saturnino, who accompanied President João Lourenço on state visit to South Africa, said in a meeting with South African business people that all interested parties can submit proposals until next December.

“In the first quarter of 2018 [the company will] select and make the decision, with whom to discuss, with whom to negotiate and with whom to work on the construction of a large refinery,” he said, quoted by the Angolan press.

The new Angolan President had warned the new board of Sonangol of the need to build a refinery in Angola, to reduce imports of fuels, after suspension of the project in Lobito by the previous board led by Isabel dos Santos.

“It makes no sense that an oil producing country, with the levels of production that we currently have and which we had in the past, should continue to make use almost exclusively of imports of refined products,” he said.

Sonangol continues to operate the Luanda refinery, which was inaugurated in May 1958 and has a nominal installed capacity of 65,000 barrels per day and produces just 20% of the fuels consumed by Angola. (source: Macauhub)

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