Sonangol and the China National Chemical Engineering Company (CNCEC) signed a Memorandum of Understanding on the 6th of June in Beijing for the construction of the Lobito Refinery in Benguela.

The document was signed, on behalf of Sonangol, by the Chairman of the Board of Directors, Gaspar Martins, at an event witnessed by the Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, and other sector staff.

According to the publication of the supervising ministry, the event is part of the responsibility to implement and seek funding for the Lobito Refinery project.

With a capacity to process 200,000 barrels per day of oil, the Lobito Refinery expects to complete, in 2026, an infrastructure that will supply the domestic market and the countries of the SADC region.

The Lobito Refinery provides state-of-the-art technology where Jet A1, diesel, gasoline, LPG and other products will be processed.

(Source: Angop)