The chief executive of the Luanda Refinery, Custódio Gonçalves, said in Luanda that of the 5,000 cubic metres of gasoline that Angola consumes daily, it produces just 330 cubic metres/day (280 tons/day), corresponding to 6.6% of the total.
Gonçalves, speaking during the signing of an agreement that Sonangol signed with ENI Angola, an Italian oil company, said that as a result of the document signed the company expects to produce 1,200 tons of fuel per day within three years.
The agreement signed on Friday between Sonangol and ENI Angola involves provision of technical and financial assistance services to Sonangol, over a period of 30 to 36 months.
The first agreement, worth US$60 million, is related to the planning, organisation of the general maintenance stoppage at the Luanda Refinery, preparation and development of an economic and operational model to improve the entire operational area and its sustainability.
The second agreement, worth US$120 million, is intended to install a new unit that will allow increased production of gasoline.
During the ceremony it was also announced that the Luanda Refinery will carry out a 40 to 60 day stoppage, for maintenance, which has not happened for eight years. (macauhub)