Etu Energias has set a target to cover 25 percent of internal lubricant consumption by establishing a factory capable of producing over 12 thousand metric tons of refined products annually.
This initiative, resulting from a partnership between the national oil company and Glide Technology, aims to decrease the reliance on imported petroleum derivatives.
Edson dos Santos, president of the Board of Management (PCA) of Etu Energias, stated that the long-term goal is to produce more than 12 thousand metric tons of lubricants locally, representing an investment exceeding five million dollars.
With an annual consumption of about 40 thousand metric tons of refined products, establishing the manufacturing unit in Angola will ensure quality and innovative products while boosting the local market.
Until the local manufacturing unit is operational, refined products will be imported from Malaysia, where a production line capable of processing approximately 10 thousand metric tons of lubricants annually is being implemented.
The Malaysian refinery, budgeted at about five million dollars, produces internationally certified products with reduced pollution levels and environmental support.
In addition to lubricants, Etu Energias plans to expand its presence in the gas station sector. The company aims to inaugurate its fourth pump next month and plans to establish 36 filling stations across all provinces in the next four years.
Dato Muhazli Muhamad, general director of Glide Technology, stated that the construction and implementation of industrial equipment are budgeted at around five million dollars, with plans to begin works this year after identifying the site.
Luís Fernandes, general director of the Petroleum Derivatives Regulatory Institute, highlighted the country’s high dependency on imports for petroleum derivatives, emphasizing the challenges in analyzing lubricant quality and inspecting packaging labeling.
