Partnership between Angolan and Dutch companies invests in supporting Angola’s oil sector

5 July 2010

Luanda, Angola, 5 Jul – Angola’s National Private Investment Agency (ANIP) signed last Friday in Luanda three contracts concerning private investment in the oil sector support industry, reports the Angolan news agency Angop.

The projects are: Heerema Porto Amboim, which envisages construction of a shipyard; Heerema Marine – Sociedade de Transportes Marítimo, for maritime transport; and HMC, which will produce metal products such as tubes used in the oil industry, in Porto Amboim municipality in Kwanza Sul province.

The Heerema Porto Amboim project is assessed at US$108.7 million, while Heerema Marine is budgeted at US$15.6 million and HMC at US$55.7 million.

Implementation of the three projects will create an average annual gross added value of around US$65 million for the Angolan economy and create 337 direct jobs, a number which may increase as production rises.

The projects result from a partnership between the Angolan company Cenbir and the Dutch company Heerema. In the shipyard project Cenbir holds 49 percent of the capital, while in the transport project it holds 51 percent of the shares, company director Bakci Soares said.

The projects will get under way this September and take from three to six years to implement, he added. (macauhub)

MACAUHUB FRENCH