Angola’s fuel market continues to be heavily reliant on imports, reaching approximately 70.15% in the third quarter of this year, a 6.17% increase compared to the previous period.
According to the Petroleum Derivatives Regulatory Institute’s Fuel Report, released on Tuesday, there was a 1.17% reduction in imports during this period.
The report, reviewed by JA Online, reveals that by the end of Q3 2024, Angola had an operational land storage capacity of 675,968 cubic meters and 1,172 fueling stations, of which 896 were operational, remaining unchanged from Q2 2024.
Domestic Production Regarding domestic production, the Luanda Refinery produced 317,550 metric tons during the period, a decrease of 21.53% compared to the previous quarter and a 25.67% decline compared to the same period last year.
The report highlights that during Q3 2024, the production of diesel and normal fuel oil (Ordoil) had a greater operational contribution at the refinery, accounting for 40.78% and 21.78%, respectively. Together, these two products represented 62.56% of total production, as shown in the report’s graph.
