Angolan state oil company Sonangol is due on Wednesday to close its first public tender to buy refined oil products and expand its import base, according to state newspaper Jornal de Angola.
For years Angola has relied on Swiss group Trafigura to import most of the liquid fuels it consumes, but recently the Vitol group, a major global supplier of diesel fuel and a direct competitor of Trafigura, started supplying gasoline to Angola.
A source contacted by the Reuters news agency said the public tender was due to end on 31 January and involved the supply of 1.2 million tons of gasoline, 2.1 million tons of diesel fuel and 480,000 tons of shipping fuel.
In November 2017, President João Lourenço dismissed the Board of Directors of Sonangol, then led by businesswoman Isabel dos Santos, and replaced it with another one led by the then Secretary of State for Oil, Carlos Saturnino Guerra Sousa e Oliveira.
Sonangol, founded in 1976, is the exclusive concessionaire for the exploration of liquid and gaseous hydrocarbons in Angola. (macauhub)