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Gas International

Angola saves 300 million a year on gasoline imports with Luanda refinery

11, July, 202211, July, 2022

Angola will save around 300 million dollars annually on gasoline imports, with the quadrupling of this oil derivative at the Luanda refinery. The new gasoline production complex at the Luanda refinery, an investment of 235 million dollars by state oil company Sonangol, was inaugurated last week Friday by President João Lourenço. According to the chairman of Sonangol’s Board of Directors, Gaspar Martins, the new gasoline production complex will reduce imports of this fuel by 15

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Gas

Luanda refinery starts producing 1,580,000 liters of gasoline/day

8, July, 20228, July, 2022

The Gasoline Production Complex of the Luanda Refinery will start, as of this Thursday, to produce 1,580,000 liters of gasoline/day, as opposed to the current 395,000 liters, which corresponds to a reduction of around 15% in the annual fuel imports in the country. The new refining unit allocated to Sonangol, expanded with the aim of increasing gasoline production in the country, will be inaugurated by the President of the Republic, João Lourenço. The development also

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Oil International

Angola may export oil products in the near future

7, July, 20227, July, 2022

The Head of State, João Lourenço, believes that the country will be able, in the near future, to export oil derivatives, as soon as domestic needs are met, with the entry into operation of more refining projects. “I believe there will come a time when we will exceed our needs, especially diesel and gasoline”, assured João Lourenço when he answered a question posed by Jornal de Angola at a press conference, on the sidelines of

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Energy

Zambian minister meets with Sonangol management

7, July, 20227, July, 2022

The Zambian Minister of Energy, Peter Chibwe Kapala, participates today in the inauguration of a gasoline production unit at the Luanda Refinery and has a working meeting at Sonangol’s headquarters, in the presence of the holder of the Mineral Resources portfolio, Oil and Gas, Diamantino Azevedo, refers to a note from the Ministry of Foreign Affairs (MIREX). Peter Kapala arrived last night in Luanda, for an official four-day visit to Angola. During the visit, he is

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Infrastructure Energy

João Lourenço signs a decree that finances a loan of 1.5 billion to Caculo Cabaça

7, July, 20227, July, 2022

The Government approved financing agreements worth more than two billion euros for water supply infrastructure, hydroelectric use and projects in the field of agriculture. The largest financing agreement, in the amount of 1,519 million euros, refers to the implementation of the Caculo Cabaça hydroelectric plant, according to presidential orders signed by João Lourenço and consulted by Lusa. A loan of 1,380 million euros is planned from a banking consortium comprising the banks Unicredit and Commerzbank,

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Gas Oil

Angolan President inaugurates the Petrol Production Complex of the Luanda Refinery

7, July, 20227, July, 2022

The President of the Republic, João Lourenço, will proceed, this Thursday, to the inauguration of the new Gasoline Production Complex assigned to the Luanda Refinery. The start of this project will make it possible to improve the quality of gasoline, but also to increase production capacity from 395,000 to 1,580,000 liters per day. According to a statement from the Ministry of Mineral Resources, Oil and Gas, to which VerAngola had access, the start-up of the

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Energy International

Sonangol wants to produce green hydrogen by 2024

7, July, 20227, July, 2022

State oil company Sonangol has signed a memorandum of understanding with German companies Gauff and Conjucta for the production of green hydrogen, starting in 2024. According to a press release from Sonangol, the agreement follows technical and economic feasibility studies, previously carried out, for the financing, construction and operation of a plant for the production of green hydrogen and derived products, in Angola. The objective is to commercialize the product on the local and international

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Oil Petroleum

Zambian energy minister returns to Angola. Pipeline between the two countries ready to move forward

6, July, 20226, July, 2022

The construction of an oil pipeline between the two countries remains a central issue in relations between Angola and Zambia, with the Zambian energy minister visiting the country to learn about the works in progress. Peter Chibwe Kapala arrives in Angola this Wednesday – where he will return for the second time in less than a year – returning to Zambia on July 9, according to the Ministry of Petroleum and Mineral Resources, in a

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International

BELGIUM OVERCOMES PORTUGAL IN EXPORTS TO ANGOLA

6, July, 20226, July, 2022

Portugal was overtaken by Belgium in exports to Angola in the first quarter of this year, with China remaining at the top, according to the Bulletin of Foreign Trade Statistics, published by the National Statistics Institute (INE). Between January and March 2022, Angola’s trade balance showed a positive balance of 4.55 billion kwanzas (10 billion euros) due to the behavior of the price of oil, the main export product. In the first quarter, exports registered

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Energy International Oil

Oxford Economics predicts first rise since 2015 with production of 1.18 million barrels of oil

6, July, 20226, July, 2022

The consultancy Oxford Economics has revised the forecast of oil production in Angola, anticipating that the country will be able to pump 1.18 million barrels a day this year, increasing production for the first time since 2015. “We expect oil production in Angola to rise to 1.18 million barrels per day in 2022, up from 1.13 million barrels in 2021, but the balance of risks is negatively unbalanced due to the possibility of further technical

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