The new Cabinda refinery in Angola is scheduled to start operations by the end of this year. According to Marcelo Hofke, the plant’s general manager, it is expected to reach full production in its first phase of 30,000 barrels per day by July next year.
With approximately two-thirds of its construction already completed, the Cabinda refinery is the most advanced of the three new refineries planned in the country. In addition, a plant in Luanda is being upgraded with the support of Eni. Eni. These initiatives are essential for Angola, the second-largest oil producer in the world. oil producer in sub-Saharan sub-Saharan Africa, to reduce its dependence on imports of refined products.
Cabinda Refinery will supply 10% of Angola’s fuel
[post_relacionado]“Commissioning will start later this year and we expect to reach full production by the end of July,” Hofke mentioned to Reuters.
In its first phase, the US$473 million modular refinery will produce naphtha, jet fuel, diesel and heavy fuel oil (HFO). Of these products, naphtha and HFO will be destined for export due to their low consumption in the Angolan domestic market.
This first phase is expected to cover 10% of Angola’s domestic fuel market and this figure is expected to double with the completion of the second phase, increasing capacity to 60,000 barrels per day.
Gemcorp and Sonangol expand refinery in Angola
Felipe Berliner, group investment director of Gemcorp Holdings, announced that engineering for Phase 2 will begin as soon as the refinery starts operations later this year. Gemcorp owns 90% of the Cabinda refinery, while the state-owned company Sonangol owns the rest.
The banks that financed the first phase are interested in continuing to finance the second phase, which would bring the total cost to US$1 billion. These financiers include Africa Finance Corporation and African Export-Import Bank.
“We believe Cabinda has the potential to exceed its planned capacity of 60,000 barrels per day, reaching between 90,000 and 120,000 barrels per day on the same site,” added Berliner.
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Source: engineeringnews
Photo: Shutterstock