Angola reduces fuel imports by 12%

Luanda – Angola imported last year 2.97 million metric tons against the 3.63 million metric tons registered in 2018 representing a reduction of 12 percent Sonangol Chairman of the Board SebastiAPound o Martins informed the press last Thursday.

The current crude oil refining capacity in the country is 80000 barrels / day representing 20 percent of the fuel consumed in the country 65000 of which are from the Luanda Refinery and 15000 from the Malongo-Cabinda field where it is refined Get-A1 Diesel and LNG Gas.

The Angolan Government wants to change this figure through a forecast of crude oil refining of 360000 barrels of crude oil / day through a gradual process until 2025 aiming at suppressing the current imports and the costs involving oil products crude oil from abroad.

In order to achieve this goal the completion of works (in 2025) of the future refineries in Lobito with a capacity of 200000 barrels / day in Soyo (100000 barrels / day) and in Cabinda (60000 barrels / day) the needs for production and supply possibilities in the national market will be compared to the current refining of only about 80000 barrels / day produced in Angola.

Source: Angola Press News Agency