PetroWorld, a Dubai-based oil company, is set to open a lubricants factory in Angola early next year, with an estimated creation of approximately 20,000 jobs.
The new facility will have a production capacity of around 10,000 liters of lubricants per day. Evandro dos Santos, PetroWorld’s Operations Director, announced the initiative during the fifth Angola Oil & Gas conference held last week in Luanda.
The project is expected to cost $5 million, with a total funding of $250 million allocated for expanding operations.
In addition to the factory, PetroWorld plans to establish a shipbuilding and maintenance base. Dos Santos noted, “We intend to build a base for building and maintaining ships,” highlighting the company’s commitment to enhancing its presence in the region.
The factory aims to meet the needs of various sectors, including automotive, mining, and construction, and will be located near the expressway in the capital. The recruitment strategy includes hiring staff for both the factory and the shipbuilding base.
Furthermore, the company plans to implement a used oil recycling system, utilizing materials sourced from Dubai as well as locally collected oil from workshops and businesses in Angola.
Dos Santos stated, “We will collect used oil from workshops and companies that dispose of oil, buy it in drums, and transport it to the factory for lubricant production.” This oil collection initiative has already begun.
Dos Santos explained that Angola was chosen for this expansion due to its receptiveness to foreign investment and the promising opportunities in the local market.
He also emphasized that Angola will serve as a “platform” for exporting lubricants to neighboring countries, including Namibia, South Africa, and the Congos.
