Africa-Press – Angola. Angola, despite being a relevant oil producing country in Sub-Saharan Africa, has only one refinery, that of Luanda, whose production represents around 20 percent of internal needs in refined products, announced in Beijing (China), the minister of Mineral Resources, Oil and Gas, Diamantino Azevedo.
To reverse this situation and make the country self-sufficient in petroleum products, three new refineries are being built, one of them with greater capacity (processing 200 thousand barrels of oil per day), exclusively owned by Sonangol, which has been awarded the construction to a Chinese company and is open to those interested in participating in the refinery’s share capital.
In this regard, the country is building a Petroleum Products Storage Terminal, with a capacity of 580 thousand cubic meters, with the completion of the first phase of work scheduled for the end of this year.
For the second stage of the project, an additional capacity of 130 thousand cubic meters is planned and construction is open to potential investors.
“The energy transition is an ongoing fact, from which we cannot exclude ourselves. In this sense, the Angolan oil sector has developed a 25 Megawatt solar energy project (first phase) and we intend to implement other projects not only in solar energy, but also of local production of solar panels”, said Diamantino Azevedo.
As China is the largest producer of solar panels, Angola plans to establish partnerships with Chinese companies in this field, which is why the minister explained that, within the scope of the energy transition, Sonangol has two potential projects for the production of Green Hydrogen, taking advantage of the surplus of existing hydroelectric power.
In the same way that he was optimistic about the mining sector, he said that the Executive is determined to create the conditions to guarantee the continued growth of the Oil and Gas area, especially because the country is stable, attractive and open to Chinese investors and companies. , exemplifying some in Upstream, with participation in several oil blocks.
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