Angola has planned to refine 360,000 barrels of crude oil a day within five years.
The CEO, Angolan State oil firm,Sonangol says the aim is to reduce imports of crude oil by-products to enable national production meet local needs and export its surplus to neighboring countries.
The new refineries in the country namely Lobito has capacity to refine 200,000 barrels per day, Soyo 100,000 barrels per day and Cabinda 60,000 barrels per day.
Advertisement
It is expected that the domestic market demand be met with current refining capacity around 80,000 barrels per day.
Related posts:
Nigeria increased crude oil production to 1.42m barrels per day in February – OPEC
Nigeria still lose above 100,000 barrels per day – Senator Abiru
U.S. reduces Nigeria’s Oil imports to less than 600000 barrels per day
Low crude oil prices : Angola, Nigeria cut $133b capital expenditure
Nigeria’s crude oil production recorded nine per cent increase in 2018
Senate Approves MTEF/FSP, Crude Oil Pegged At $40 Per Barrel
Largest pink diamond in 300 years discovered in Angola
House summons Ministers over theft of 48 Million Barrels of Crude
