From the Field
United Shine to build Cabinda refinery
LUANDA, November 12, 2018 – Sonangol has selected the United Shine consortium to build a refinery in Cabinda, the Angolan NOC announced Friday.
United Shine will have a 90% stake in the project, and Sonangol will hold 10% through Sonaref.
Sonangol announced in February it had received 63 investment proposals targeting its refining sector. The company plans to build refineries in Lobito and Cabinda, among other projects designed to reduce its dependence on imports of refined products.