Chile to double Angolan oil purchases

14 August 2014

Chile plans to double its purchases of Angolan oil from the current 5,000 to 10,000 barrels per day, an amount that may increase as needed, per an agreement signed by the two country’s state oil companies, the Angolan press reports.

A trade agreement for the oil sector was signed by the head of Angola’s Sociedade Nacional de Combustíveis (Sonangol), Francisco de Lemos José Maria, and by Chilean Energy Minister Máximo Pacheco during the Chilean president’s 24-hour visit to Angola.

Pacheco said on the occasion that his country had almost continual energy needs and needed to obtain oil to complement its scant production of 4,000 barrels per day, far below daily demand for 228,000 barrels.

Angolan Petroleum Minister Botelho de Vasconcelos explained that Sonangol supplied Chile with oil from 2003 to 2008, with a break from 2009 until this year, when commercial ties resumed.

He added that Chile’s interest in buying liquefied natural gas from Angola was also mentioned at the ministerial meeting. This may happen when the Soyo processing unit of Angola LNG begins operations, scheduled to occur in 2015. (macauhub/AO)