As sub-Saharan Africa’s second largest oil producer, Angola is strategically positioned to turn into a regional hub for petroleum distribution. Over 400,000 barrels per day (bpd) of refining capability is deliberate within the nation, whereas cross-border pipeline infrastructure and regional commerce programs intention to additional consolidate Angola’s regional position.
In the course of the Angola Oil&Gasoline (AOG) convention&exhibition – happening October 2-3 in Luanda – audio system from throughout the Angolan and regional downstream sectors will talk about the nation’s undertaking pipeline. By way of their participation in panel discussions and roundtables, downstream audio system will present perception into the methods underway to place Angola as a regional hub. Perception can even be shared into the challenges related to intra-African commerce and the untapped funding alternatives accessible throughout the nation.
AOG is the most important oil and gasoline occasion in Angola. Happening with the total assist of the Ministry of Mineral Assets, Oil and Gasoline; the Nationwide Oil, Gasoline and Biofuels Company; the Petroleum Derivatives Regulatory Institute; nationwide oil firm Sonangol; and the African Vitality Chamber; the occasion is a platform to signal offers and advance Angola’s oil and gasoline business. To sponsor or take part as a delegate, please contact sales@energycapitalpower.com.
Angola anticipates the primary section of the Cabinda refinery to return on-line by the tip of 2024, concentrating on 30,000 bpd of capability. Set to be absolutely operational by 2025, the power can have a complete capability of 60,000 bpd. Shortly thereafter in 2025, each the Lobito Refinery – set to be the most important within the nation as soon as commissioned – and the Soyo refinery can even begin manufacturing. Lobito can have a capability of 200,000 bpd whereas Soyo has a capability of 100,000 bpd.
As Angola enhances its refining capability, the nation is taking a look at strengthening intra-African petroleum commerce. Organizations such because the African Refiners and Distributors Affiliation (ARDA) – the primary pan-African group for the downstream oil sector – supply a platform for improved interplay between African refiners and distributors whereas facilitating engagement between international traders and African downstream alternatives. Angola’s nationwide oil firm Sonangol is a member of ARDA, and through AOG 2024, ARDA’s Chief Govt Secretary Anibor (Ohiole) Kragha will talk about the implications of the nation’s refining initiatives.
As Angola ramps up its refining capability, native retailers can have a larger position to play in distributing petroleum. Gasoline retailer Pumangol, for instance, is dedicated to strengthening gasoline safety within the nation. The corporate was taken over by Sonangol in 2021, aligning its targets with that of the nation’s. At AOG 2024, Pumangol CEO Ivanilson Machado will share perception into these aims in addition to what the longer term appears like for Angola’s downstream sector.
Past oil, Angola is making nice strides in direction of turning into a hub for LNG. The nation’s sole LNG facility, Angola LNG (ALNG), delivered its four-hundredth cargo in 2023 and serves as a driver of gasoline monetization within the nation. Whereas sub-Saharan Africa’s LNG commerce infrastructure stays in its infancy stage, the area may greenlight as much as 74 million tons of LNG per 12 months by 2030, highlighting important alternatives for regional commerce. Throughout AOG 2024, Tania Silv, CEO of ALNG Advertising and marketing, will unpack Angola’s future position as a regional LNG provider.
In the meantime, as a specialist consulting firm, CITAC helps initiatives throughout the African downstream business. In Angola, the corporate helps undertaking growth by providing a wealth of data to help shoppers in unlocking enterprise potential. The corporate’s providers vary from coaching and consultancy to market experiences and knowledge evaluation, supporting investments and driving business enlargement. Elitsa Georgieva, Govt Director on the CITAC is talking on the AOG 2024 convention this October. Georgieva can also be main a workshop in the course of the AOG 2024 pre-conference technical program on October 1 on Demand and Provide Traits for Refined Manufacturing in Africa.
For extra details about the AOG 2024 program, go to https://apo-opa.co/3ZhkKbW.
Distributed by APO Group on behalf of Vitality Capital&Energy.