Totsa Total Oil Trading and Trafigura will ensure Angola’s supply of gasoline and diesel over the next 12 months, Angola’s national oil company Sonangol announced in a statement released on Tuesday.
The statement from Sonangol added that Totsa Total Oil Trading for gasoline and Trafigura for diesel and marine diesel for the navy had been awarded the international public tender launched on 27 February 2019.
The two companies were selected from a group of nine that submitted bids – BB Energy, BP, ENI Trading & Shipping (ETS), Glencore, Gunvor, Litasco and Vitol and Totsa Total Oil Trading and Trafigura.
In the first week of May, Luanda once again faced a fuel crisis, which led to gasoline price speculation at some filling stations as well as on the informal market, where the price of fuel tripled to 500 kwanzas per litre.
The lack of fuels led to the dismissal of the Board of Directors of Sonangol, according to a presidential decree.
Although Angola is Africa’s second largest oil producer, with a production of around 1.5 million barrels per day, its refining capacity is limited to the Luanda Refinery, which started operating in May 1958, and has the capacity to process just 57,000 barrels of oil per day. (Macauhub)