The new sea terminal of Barra do Dande, a project costing an estimated US$1 billion, will be completed this year, the chairman of national oil company Sonangol said Wednesday in Luanda.
Francisco de Lemos José Maria said that the terminal will be able to store 640,000 cubic metres of oil, gas and lubricants and added that the company this year starts construction of areas for storage of fuels in Soyo, Lubango and Namibe, taking into consideration disruptions to supply that sometimes occur.
The company also plans this year to begin construction of Sonangol’s delegations in Cabinda, Soyo, Malanje, Lobito, Huambo and Lubango, among other investments, such as the Lobito Refinery, which should be completed by 2017.
Also this year, according to the company’s investment timetable presented Wednesday, construction of the new Ocean Terminal in Soyo, Zaire province, is due to begin at an estimated cost of US$220 million.
In the shipping area, the Sonangol group has commissioned a South Korean shipyard to build two ships for transporting fuels, to be delivered from 2016 onwards.
“With this investment programme Sonangol seeks to generate savings by reducing costs, improving systems and processes,” said Francisco de Lemos. (macauhub/AO)