Africa Oil & Gas: Angolan Sonangol joins ENI to increase petrol output

AgreementThe Luanda Refinery administrator, Custódio Gonçalves, revealed in Luanda that of the 5,000 cubic meters of gas that Angola consumes daily, it produces only 330 meters / day (280 tons / day), corresponding to 6.6 percent of the total.

Custódio Gonçalves, speaking during the signing of an agreement between Sonangol and ENI Angola, said that as a result of the document signed the company expects to produce 1,200 tons of fuel per day within three years.

The agreement signed between Sonangol and ENI Angola consists in the provision of technical and financial assistance services to the National Fuel Company of Angola – Sonangol, in a period of 30 to 36 months.

The first agreement, budgeted at US$ 60 million, is related to the planning, organization of the general maintenance stop at the Luanda Refinery, preparation and development of an economic and operational model to improve the entire operational area of ​​work and its sustainability.

The second agreement, valued at 120 million dollars, is intended to install a new unit that will allow increased production of gasoline.

During the ceremony, it was also announced that the Luanda Refinery will carry out a 40 to 60-day stoppage for maintenance, which has not happened for eight years. (source: Macauhub)

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