Angola’s state-owned oil company, Sonangol, has revealed its strategic plan for 2023-2030, which includes a focus on the value chain linked to hydrocarbons, an increase in refining capacity to 425,000 barrels of oil per day, and the addition of a petrochemical complex.
The company also plans to increase storage capacity and produce renewable energy from photovoltaic projects to reduce carbon dioxide emissions by around 15%.
Furthermore, the company aims to increase carbon capture and investment in human capital. The Secretary of State for Petroleum has praised Sonangol’s regeneration process, which has led to a restructuring of the oil sector, and the company’s commitment to sustainability for the energy transition.
