Angola to extend its oil and fuel refining capacity

เกจวัดแรงดันน้ำไทวัสดุ is planning to strengthen the its oil and fuel refining capability to satisfy home vitality demand whereas lowering vitality imports and maximizing the monetization of energy resources for regional and world markets – Minister of Mineral Resources, Oil and Gas, H.E. Diamantino de Azevedo has revealed.
Speaking at a gathering in Huambo province within the central region, the minister stated that building new refineries and modernizing current ones will enable Angola to sustain its vitality provide while decreasing prices incurred from energy imports. To date, an absence of infrastructure has resulted in Angola spending over $1.7 billion on oil imports per annum to meet home vitality needs despite the country boasting 8.2 billion barrels of confirmed oil reserves and an estimated 13.5 trillion cubic ft of natural gas reserves.
Angola currently has only one operational refinery, the Luanda Refinery, operated by vitality firm, Fina Petroleos de Angola, and nationwide oil firm, Sonangol, processing up to 65,000 barrels of crude oil per day (bpd). A $235 million venture, nonetheless, is underway to expand the Luanda refinery to 72,000 bpd – a growth which the Ministry of Mineral Resources, Oil and Gas says will assist Angola save $200 million in power export costs.
MIREMPET is also growing two new facilities which embody a $920 million plant in Cabinda to increase Angola’s refining capability by 60,000 bpd as properly as a one hundred,000-bpd refinery in Soyo city – in which the ministry awarded US-based Quanten Consortium Angola the tender to assemble.
In addition, a 200,000-bpd refinery is being developed in Lobito province with Sonangol having selected Japanese conglomerate, JGC Holdings, to supply required companies. With the Russia-Ukraine tensions causing a spike in oil prices, boosting Angola’s oil and gas refining capability will also reduce Angola’s vulnerability to volatile world power costs.
Moreover, with pressure gauge วัด แรง ดัน น้ำ to Eni’s Ndungu early manufacturing venture and TotalEnergies’ CLOV Floating Production, Storage and Offloading unit, expanding Angola’s production and refining capability will allow Angola to maximize the monetization of its power resources. As a outcome, Angola will increase the buying and selling of ready-to-use fuels with Europe as the bloc seeks various energy suppliers to reduce back reliance on Russian assets.
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