Angola’s Cabinda refinery, a $500-550 million mission led by Gemcorp, is about to start manufacturing by April 2025, refining 30,000 barrels of Cabinda crude per day. This may characterize the mission’s first section. As soon as absolutely operational, the refinery goals to produce 5-10% of Angola’s gas wants and scale back dependence on imported gas, a precedence as Angola strikes towards eradicating gas subsidies. A second section, anticipated 1-2 years after the preliminary startup, will double processing capability to 60,000 barrels per day, including diesel and jet gas manufacturing capabilities. At the moment, Angola, Africa’s second-largest oil producer, exports 98% of its crude however depends closely on pricey gas imports. Cabinda’s new refinery infrastructure features a 1.2-million-barrel storage terminal and goals to shift this imbalance, offering native markets with diesel and jet gas and exporting naphtha.
SOURCE: BUSINESS INSIDER