Gemcorp Capital announces the location of future Cabinda Refinery in Angola

11 December 2019

The Cabinda Refinery, which will have an installed capacity to process 60,000 barrels of crude oil per day, will be built on the Malembo plain, about 30 kilometres north of the provincial capital, technicians from Gemcorp Capital LLP reported on Tuesday in Cabinda.

Angolan state oil company Sonangol on 30 October signed a memorandum of understanding with Gemcorp Capital to ensure the funding and implementation of the project within the deadlines set out initially.

Sonangol’s decision was announced through a press release announcing the cancellation of the contract signed with the United Shine Limited consortium for the construction of the Cabinda Refinery, “for failure to carry out agreed actions.”

The Gemcorp technicians said the soil study work in Malembo were launched at the beginning of December, the first stage of three planned stages, is expected to be completed in 2021 when the refinery will process 30,000 barrels of oil per day.

A second phase, to refine another 30,000 barrels of crude oil, is planned for 2023, along with the production of naphtha, which will lead to refining approximately 14,000 barrels of gasoline per day.

The Cabinda Refinery, which has an estimated cost of US$500 million, will be completed in the first quarter of 2023, according to the Minister of Mineral Resources and Oil, Diamantino de Azevedo. (macauhub)