Angola to achieve self-sufficiency in fuel production

President João Lourenço has pledged to shore up Angola’s self-sufficiency and competitiveness in the production of refined products such as fuels and lubricants, local media reported Thursday.

Speaking at a swearing-in ceremony for several state oil and gas positions, the president said Angola would achieve its goals through the expansion of the country’s sole refinery in Luanda, allowing its production to quadruple by 2021.

President Lourenço also said the construction of two refineries in Cabinda and Lobito would help Angola reach its downstream targets, Agência Angola Press reported.

Recent Posts

Mozambique’s Coral Sul FLNG passes performance test

Air Products’s LNG liquefaction equipment deployed on Coral Sul FLNG in Mozambique has successfully passed its performance test, Air Products… Read More

6 hours ago

Saudi Aramco hands $1.7-billion contract to China’s CPECC

Saudi Aramco has awarded a USD 1 Read More

11 hours ago

Seatrium wins MODEC contract for Guyana-bound FPSO

Singapore’s Seatrium has secured a topside integration project for the FPSO Errea Wittu from Offshore Frontier Solutions, a MODEC Group… Read More

1 day ago

UK allows oil exploration in North Sea wind project zones

The UK's hydrocarbons regulator has awarded 31 new exploration licences in the country's North Sea waters, Reuters reported on Friday Read More

4 days ago

ExxonMobil closes acquisition of Pioneer, creating Permian powerhouse

ExxonMobil announced the closing of its USD 60-billion acquisition of Pioneer Natural Resources on Friday, a move that solidifies its… Read More

4 days ago

BP-Eni joint venture Azule Energy enters Namibia’s Orange Basin

BP-Eni joint venture Azule Energy has entered a strategic farm-in agreement with Rhino Resources in Namibia's offshore Orange Basin, the… Read More

4 days ago

This website uses cookies.