The consultant Fitch Solutions considered, Monday, that the oil refining capacity in Angola will more than double, going from the current 100 thousand barrels of oil per day, to almost 250 thousand in 2025.
The oil refining segment in Angola will expand rapidly until the middle of this decade, fueled by the Cabinda refinery and the Soyo project”, writes Fitch Solutions.
The consultant points out that this growth in refining capacity “results from the Angolan Government’s multi-year strategy, which aims to reduce dependence on imports and establish an integrated sector, ranging from exploration to production and refining”.
In a commentary on the oil sector in Angola, cited by Lusa, analysts at this consultancy owned by the same owners of the financial rating agency Fitch Ratings recall that “in 2021, Angola had only one active refinery, which had been the case since 1955”, with a capacity of refining around 60,000 barrels per day.
