Angolan government kicks off technical presentations of Soyo refinery

11 October 2019

The Soyo refinery in Angola’s Zaire province will have the capacity to process 100,000 barrels of oil per day, the Secretary of State for Oil said during the first technical presentation promoting the international public tender, held on Thursday in Luanda.

The technical presentation programme, intended to select a company or consortium of companies to finance, build and operate the refinery, will have its second and final session in Dubai (United Arab Emirates), on 22 October.

The international public tender will be officially launched on 24 October and the refinery is expected to start operating in 2023.

The Secretary of State for Oil, José Alexandre Barroso, said during the session that the simultaneous construction of three refineries in Angola (Benguela, Soyo and Cabinda) is a requirement of the domestic market, according to the Angop news agency.

He said the country needs the equivalent of 360,000 barrels of oil processed per day, which accounts for 80% of imported refined products, to meet the needs of the domestic market, which requires high foreign exchange expenditure.

The Angolan government has developed a refining strategy that includes, besides the expansion of the Luanda refinery, the construction of three new refineries, Cabinda, Lobito and Soyo, with a combined capacity of 360,000 barrels per day.

The construction of the Cabinda refinery was awarded to the United Shine consortium, with 90% of the capital, in partnership with Sonangol Refining (Sonaref), with 10%. (Macauhub)