United Shine to build Cabinda refinery
Angola 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.
Recent Posts
Saudi Aramco hands $1.7-billion contract to China’s CPECC
Saudi Aramco has awarded a USD 1 Read More
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
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
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
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
Chariot starts gas drilling campaign in Morocco
Africa-focused energy group Chariot has spudded the RZK-1 exploration well on the Gaufrette prospect at the Loukos Onshore licence in… Read More