Sonangol Trading and Shipping, the international arm responsible for oil, derivatives, and natural gas transportation and marketing for Angola’s state oil company, is embarking on an expansion strategy across the African continent.
Currently engaged with four countries – DRC, Namibia, Togo, and Cameroon – the company aims to strengthen its presence and trade volumes in these markets.
Luís Manuel, President of the Executive Committee of Sonangol Trading and Shipping Business Unit (UNTS), revealed these plans during an interview on the Ngol program broadcasted by Sonangol on RNA.
Despite modest initial figures, such as exports of 4,500 metric tons of diesel and 2,500 metric tons of butane to the DRC, Manuel emphasized the company’s commitment to ramping up its activities.
Expansion efforts extend to Namibia, Togo, and Cameroon, where Sonangol has initiated commercialization operations, particularly focusing on butane gas exports.
Manuel stressed the intention to increase trade volumes significantly in these regions, highlighting ongoing agreements and trade flows as the foundation for future growth.
The company’s expansion plans align with broader efforts to enhance regional demand coverage, bolster refining capacity, and expand storage capabilities at the Barra do Dande Ocean Terminal.
With a focus on consolidating existing relationships and increasing exports, Sonangol aims to capitalize on the growth trajectory of the refining sector and business establishment in the region.
Sonangol’s role will entail acting as a service provider, facilitating the importation of products needed by partner countries from the international market.
These strategic initiatives reflect Sonangol’s commitment to fostering regional cooperation and driving economic development across Africa.
