Angola is planning to strengthen the its oil and gasoline refining capacity to meet home vitality demand while decreasing energy imports and maximizing the monetization of energy resources for regional and global markets – Minister of Mineral Resources, Oil and Gas, H.E. Diamantino de Azevedo has revealed.
Speaking at a meeting in Huambo province within the central region, the minister stated that building new refineries and modernizing present ones will allow Angola to sustain its power supply while reducing prices incurred from power imports. To date, a scarcity of infrastructure has resulted in Angola spending over $1.7 billion on oil imports each year to fulfill domestic power needs despite the nation boasting 8.2 billion barrels of confirmed oil reserves and an estimated thirteen.5 trillion cubic toes of natural gas reserves.
Angola presently has only one operational refinery, the Luanda Refinery, operated by vitality company, Fina Petroleos de Angola, and nationwide oil firm, Sonangol, processing as much as 65,000 barrels of crude oil per day (bpd). A $235 million venture, however, is underway to increase the Luanda refinery to 72,000 bpd – a improvement which the Ministry of Mineral Resources, Oil and Gas says will assist Angola save $200 million in power export prices.
MIREMPET can also be developing two new facilities which embrace a $920 million plant in Cabinda to extend Angola’s refining capacity by 60,000 bpd in addition to a a hundred,000-bpd refinery in Soyo metropolis – in which the ministry awarded US-based Quanten Consortium Angola the tender to construct.
In addition, a 200,000-bpd refinery is being developed in Lobito province with Sonangol having chosen Japanese conglomerate, JGC Holdings, to provide required providers. With pressure gauge ออก หลัง -Ukraine tensions inflicting a spike in oil costs, boosting Angola’s oil and gas refining capacity will also scale back Angola’s vulnerability to risky world energy costs.
Moreover, with เครื่องมือตรวจวัดความดันเลือดเรียกว่า to Eni’s Ndungu early production challenge and TotalEnergies’ CLOV Floating Production, Storage and Offloading unit, increasing Angola’s production and refining capability will allow Angola to maximize the monetization of its power assets. As a outcome, Angola will increase the buying and selling of ready-to-use fuels with Europe as the bloc seeks various vitality suppliers to reduce reliance on Russian resources.