Africa Oil & Gas: Angola spends US$4 billion on liquid fuels in 12 months

fuel
fuel

Angola will spend more than US$4 billion over a period of 12 months on importing refined fuels, according to presidential order no. 61/18, of 24 May, in which President João Lourenço authorises a simplified contract for the supply of oil products, namely petrol, diesel and marine diesel to Sonangol Logística.

The contract relates to the period from 1 April, 2018 to 31 March, 2019 and “authorises the execution of expenses inherent to the contracts to be signed,” in the overall amount of US$4.03 million, according to the order cited by Portuguese news agency Lusa.

On March 16 Sonangol announced it had hired two international fuel trade and refining companies following a public tender with invitations addressed to 20 of the world’s largest companies in the sector, of which 11 submitted proposals.

After a negotiation process, Glencore Energy UK was contracted to supply diesel and marine diesel and Totsa Total Oil Trading to supply gasoline.

Last March, Sonangol announced it had selected the seven best proposals for the construction of the Lobito and Cabinda refineries out of the 30 received.

The Luanda Refinery, the only one in the country, which was inaugurated in May 1958, has an installed capacity of 65,000 barrels per day and produces only 20% of the liquid fuels consumed in the country. (macauhub)

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