Page 15 - AfrOil Week 26 2021

AfrOil PROJECTS & COMPANIES AfrOil

This followed an earlier announcement that that before the end of August, we should start
the state government had signed an MoU with lifting products from this refinery.”
Chinese firm Peiyang Chemical Equipment Co. Speaking to the importance of gaining buy-in
Ltd (PCC) for the construction of a 1,000 bpd from the local community, the Traditional Ruler
refinery. of the Ologbo community, Owen Akenzua, said:
This project was expected to be completed in “My people are excited that such project will go
April 2019. a long way in improving the socio-economic
Obaseki said: “What we have left now is to development for our community. The gover-
finalise the crude oil sale contract, these facili- nor has this project dear to his heart, not only
ties have to get a certain type of crude from the this project, the power plant is also situated in
Escravos line and that is being finalised. I hope Ologbo.” ™

Sonangol contracts Vitol, TOTSA

for motor fuel imports in 2022

ANGOLA ANGOLA’S national oil company (NOC) product imports and giving it scope to become
Sonangol announced this week that it had con- an exporter of fuels. In addition to the Cabinda
tracted Vitol and Total Trading SA (TOTSA), a unit, the Luanda facility is being overhauled,
subsidiary of France’s TotalEnergies, to import while a 100,000 bpd facility is being constructed
gasoline and diesel for the next year. at Soyo in the northern Zaire province.
The award will see Vitol import gasoline The future flagship of the industry, however,
and TOTSA diesel following a public tender will be the 200,000 bpd greenfield unit that has
launched by Sonangol in March. A total of 27 been at the planning stage, just outside the port
companies were invited to participate, ensuring city of Lobito in Benguela Province, since the
a competitive process. turn of the century.
Bids were submitted by London-based BP; Sonangol last week said it would launch
trading houses Trafigura, Gunvor and Mercuria; a tender for advisory services related to the
Japan’s Idemitsu; Portuguese integrated player establishment of the company that will oper-
Galp; UK-based Gemcorp, which is develop- ate a newbuild refinery and to the financing of
ing a 60,000 barrel per day (bpd) refinery in the the refinery project. It will hold an event on July
Cabinda exclave; Vitol and TOTSA. 9 at which it will explain the requirements for
Only 25% of refined products sold in the participation in the tender, while revealing the
country during 2020 were refined domestically deadlines for submitting bids.
– at the ageing 38,000 bpd Luanda refinery – Sonangol’s downstream arm Sonaref expects
while 3% were provided by facilities belonging the $8bn facility to be completed by 2025 at a
to Chevron subsidiary Cabinda Gulf Oil Com- 1.5-square km site just north of Lobito.
pany Ltd (CABGOC), with the remaining 72% Angola has around 680,000 cubic metres
imported. of liquid fuel storage, with Sonangol hold-
Angola has several ongoing downstream ing 52.45% and the remainder held by trader
projects aimed at reducing its reliance on refined Pumangol. ™

Angola has around 680,000 cubic metres of capacity for liquid fuel storage (Photo: Portal de Angola)

Week 26 30•June•2021 www. NEWSBASE .com P15