Angola has begun an ambitious infrastructure plan supported by regulatory reforms, investor incentives, and innovative public-private partnerships. These efforts aim to accelerate economic growth, improve transportation, raise energy security, attract international investment, and improve the livelihoods of the Angolan people. Below are the most anticipated infrastructure projects:
- Cabinda Refinery
The new Cabinda refinery in Angola is scheduled to begin production by the end of 2024. The project, which aims to reduce Angola’s dependency on imported refined products, is part of the country’s strategic goal of increasing local crude processing capacity and improving energy security. The first phase, set to begin in 2020 and sponsored by Gemcorp (90%) and Sonangol (10%), will produce 30,000 bpd, meeting about 10% of Angola’s refined oil consumption. The capacity will be increased to 60,000 bpd in the second phase.
- Angola/Zambia Oil Pipeline (AZOP)
In January 2023, Zambia and Angola agreed to accelerate the development of a $5 billion oil pipeline connecting the two nations. This landmark, still in the feasibility stage, will end more than a decade of complex negotiations and lead to more affordable fuel for Zambia. The private sector will develop the petroleum pipeline with Angolan state-owned company SONANGOL and Zambia’s Industrial Development Corporation-IDC Zambia as strategic partners. Upon completion, expected in 2026, AZOP will transport various petroleum products, including oil, diesel, kerosene, and gas.
- Caio Port
Cabinda’s Caio Deepwater Port is a large project that has been under construction since 2015. The project intends to accelerate Angola’s economic growth by expanding domestic crude processing capacity and decreasing dependence on refined product imports. The port will include a 1,130-meter pier that can accommodate up to four ships at once with a capacity of 60 containers per hour. It is projected to provide significant job opportunities and attract international investment.
- Soyo Refinery
The US-based Quanten Consortium is constructing the 150,000 bpd Soyo Refinery with a focus on “Deep Conversion,” producing consumer-ready fuels and asphalt while adhering to strict environmental standards. They aim to reduce Angola’s dependence on imported refined products and supply the international market. The project includes a tank farm, a marine terminal, power generation, water treatment, and local economic development initiatives. The consortium, specialized in developing transformational projects in emerging countries, aims for completion in 2025. The refinery aligns with European emission standards, positioning it as one of Africa’s two such facilities.
