Angola to increase its oil and fuel refining capacity

Angola is planning to strengthen the its oil and gas refining capacity to fulfill home power demand whereas reducing vitality imports and maximizing the monetization of energy assets for regional and international 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 said that building new refineries and modernizing current ones will allow Angola to maintain its power provide while decreasing costs incurred from power imports. To date, a lack of infrastructure has resulted in Angola spending over $1.7 billion on oil imports per annum to meet home power wants regardless of the country boasting eight.2 billion barrels of confirmed oil reserves and an estimated thirteen.5 trillion cubic toes of pure gas reserves.
Angola currently has only one operational refinery, the Luanda Refinery, operated by vitality firm, Fina Petroleos de Angola, and nationwide oil firm, Sonangol, processing as a lot as sixty five,000 barrels of crude oil per day (bpd). A $235 million venture, nevertheless, is underway to increase the Luanda refinery to seventy two,000 bpd – a growth which the Ministry of Mineral Resources, Oil and Gas says will help Angola save $200 million in power export costs.
MIREMPET is also creating two new amenities 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 city – 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 ความหมายของเครื่องวัดความดัน -Ukraine tensions causing a spike in oil prices, boosting Angola’s oil and gas refining capability may even scale back Angola’s vulnerability to risky world vitality prices.
Moreover, with ร้านซ่อมเครื่องวัดความดันomron corresponding to Eni’s Ndungu early production venture and TotalEnergies’ CLOV Floating Production, Storage and Offloading unit, expanding Angola’s production and refining capability will allow Angola to maximize the monetization of its energy resources. As a end result, Angola will expand the buying and selling of ready-to-use fuels with Europe because the bloc seeks different vitality suppliers to reduce reliance on Russian assets.

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