Angolan state oil company, Sociedade Nacional de Combustíveis de Angola (Sonangol) Monday laid the first stone of the project to build the Lobito oil refinery, which will have capacity to process 100,000 barrels of oil per day.
The company’s chairman, Francisco de Lemos, said that this investment by Sonangol was the beginning of a long road that would gradually end in the elimination of fuel and lubricant imports, with a view to the country becoming independent in terms of energy.
“As of today, Sonangol will begin to do everything necessary to launch the tenders for detailed engineering, which has been concluded, and for financing to build all the units that will serve the facility,” he noted.
The refinery, which will create an estimated 10,000 direct and indirect jobs, will be located around 10 kilometres from the city of Lobito and will supply Angola and neighbouring countries with oil derivatives.
The refinery, which will cost an estimated US$8 billion, will process oil extracted in Angola to produce unleaded gasoline, diesel, jet fuel, kerosene, liquid petroleum gas (LPG) and small amounts of sulphur. (macauhub)