Angola to increase its oil and gasoline refining capability

Angola is planning to strengthen the its oil and gasoline refining capability to fulfill domestic energy demand whereas decreasing energy imports and maximizing the monetization of vitality sources for regional and global markets – Minister of Mineral Resources, Oil and Gas, H.E. Diamantino de Azevedo has revealed.
Speaking at a gathering in Huambo province within the central area, the minister stated that building new refineries and modernizing current ones will enable Angola to maintain its energy supply whereas decreasing costs incurred from vitality imports. To date, a lack of infrastructure has resulted in Angola spending over $1.7 billion on oil imports each year to satisfy home energy needs regardless of the nation boasting 8.2 billion barrels of confirmed oil reserves and an estimated 13.5 trillion cubic feet of natural gasoline reserves.
Angola currently has only one operational refinery, the Luanda Refinery, operated by power firm, Fina Petroleos de Angola, and nationwide oil company, Sonangol, processing up to sixty five,000 barrels of crude oil per day (bpd). pressure gauge หน้าปัด 2 นิ้ว , however, 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 prices.
MIREMPET can be developing two new amenities which embrace a $920 million plant in Cabinda to extend Angola’s refining capacity by 60,000 bpd as properly as a 100,000-bpd refinery in Soyo metropolis – in which the ministry awarded US-based Quanten Consortium Angola the tender to assemble.
In addition, a 200,000-bpd refinery is being developed in Lobito province with Sonangol having selected Japanese conglomerate, JGC Holdings, to offer required companies. With the Russia-Ukraine tensions causing a spike in oil prices, boosting Angola’s oil and gas refining capacity may also scale back Angola’s vulnerability to volatile international power costs.
Moreover, with new tasks corresponding to Eni’s Ndungu early production project and TotalEnergies’ CLOV Floating Production, Storage and Offloading unit, expanding Angola’s manufacturing and refining capability will enable Angola to maximize the monetization of its vitality sources. As เกจวัดแรงดันไนโตรเจนราคา , Angola will increase the trading of ready-to-use fuels with Europe as the bloc seeks different vitality suppliers to cut back reliance on Russian sources.

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