Angola: Norway’s StatoilHydro wants to produce biodiesel in Angola

28 April 2008

Luanda, Angola, 28 April – Norwgeian oil company StatoilHydro plans to produce biodiesel and wind energy in Angola, the company’s assistant director general for Angola, Lukoki Sebastião said Thursday in Luanda.

Speaking to the press, Sebastião said that StatoilHydro, in partnership with Sonangol, would implement a new energy project as soon as the country set up a legal framework in which to carry out this business.

StatoilHydro’s vision, according to the source, is to become and important supplier of biofuel with a global position in terms of production and sale.

Currently, StatoilHydro explores oil producing blocs 15 and 17 in Angola, and is the country’s biggest non-operating company and one of the seven most important oil producers in Angola, including Sonangol.

The Norwegian company also provides technical assistance on Sonangol Pesquisa e Produção projects in blocs 34 and 4/05, production on which is due to begin in the second half of 2008, which will be SonangolP&P’s first offshore development.

StatoilHydro was set up in 1 October, 2007 after a merger of the oil businesses of Staoil and Hydro, established in 1972 and 1905, respectively. (macauhub)