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Angola is planning to strengthen the its oil and fuel refining capability to meet domestic power demand while decreasing energy imports and maximizing the monetization of power resources for regional and international markets – Minister of Mineral Resources, Oil and Gas, H.E. เพรสเชอร์เกจ de Azevedo has revealed.
Speaking at a meeting in Huambo province in the central area, the minister said that constructing new refineries and modernizing present ones will allow Angola to sustain its energy supply whereas reducing prices incurred from power imports. To date, a scarcity of infrastructure has resulted in Angola spending over $1.7 billion on oil imports per annum to satisfy domestic energy needs regardless of the nation boasting 8.2 billion barrels of confirmed oil reserves and an estimated 13.5 trillion cubic toes of pure fuel reserves.
Angola presently has only one operational refinery, the Luanda Refinery, operated by vitality firm, Fina Petroleos de Angola, and national oil company, Sonangol, processing as much as sixty five,000 barrels of crude oil per day (bpd). A $235 million challenge, nonetheless, is underway to increase the Luanda refinery to 72,000 bpd – a development which the Ministry of Mineral Resources, Oil and Gas says will assist Angola save $200 million in vitality export costs.
เกจวัดแรงดัน can also be creating two new amenities which embody a $920 million plant in Cabinda to extend Angola’s refining capability by 60,000 bpd in addition to a 100,000-bpd refinery in Soyo metropolis – in which the ministry awarded US-based Quanten Consortium Angola the tender to construct.
In addition, a 200,000-bpd refinery is being developed in Lobito province with Sonangol having selected Japanese conglomerate, JGC Holdings, to offer required companies. With pressure gauge octa -Ukraine tensions inflicting a spike in oil prices, boosting Angola’s oil and gasoline refining capacity may also scale back Angola’s vulnerability to unstable international energy costs.
Moreover, with new tasks corresponding to Eni’s Ndungu early production challenge and TotalEnergies’ CLOV Floating Production, Storage and Offloading unit, increasing Angola’s manufacturing and refining capability will allow Angola to maximise the monetization of its power resources. As a result, Angola will increase the buying and selling of ready-to-use fuels with Europe as the bloc seeks different vitality suppliers to reduce back reliance on Russian sources.
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