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Energy

Sonangol decides to restart construction of the Lobito Refinery on its own

11, July, 202211, July, 2022

Sonangol decided to reactivate the construction of the Lobito Refinery on its own. The information was provided by the chairman of the Board of Directors (PCA) of the oil company, Sebastião Gaspar Martins, who informed that the answers they received in the public tender did not satisfy “what was the objective” of the company. “We are already doing preliminary work, in order to proceed with a series of works that were going to be and

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Oil

Oil production in sub-Saharan Africa drops 3.7 percent this year

11, July, 202211, July, 2022

Consultancy Fitch Solutions estimates that oil production in sub-Saharan Africa will fall 3.7 percent this year, dragged by the fall in Nigeria, but foresees a “brighter future” for the region’s gas. “We expect production of crude, natural gas and other liquids to fall by 3.7 percent this year, impacted by the persistent decline in Nigeria, the region’s largest oil producer, which has been significantly affected by reduced investment in current wells and due to a

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Oil

Angola and Zambia agree rapid construction of the pipeline

11, July, 202211, July, 2022

The Zambian Energy Minister, Peter Chibwe Kapala, reiterated, Thursday (7), in Luanda, his country’s commitment to accelerate feasibility studies for the construction of the pipeline aimed at exporting oil and its derivatives from the South. from Angola. Peter Chibwe Kapala assured journalists, at the end of a meeting held between the delegation he led and that of the Ministry of Mineral Resources, Oil and Gas, to seek to underline the “economic advantages” that Zambia could

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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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