Angola's new Cabinda refinery to start up later this year – CEO
Angola’s new Cabinda crude oil refinery is on track to start up later this year before ramping up to full first phase production of 30,000 barrels a day by July next year, the plant’s Chief Executive Marcelo Hofke said on Thursday.
With almost two-thirds of the construction completed, Cabinda is the most advanced of three new planned refineries, alongside an Eni-supported plant in Luanda being upgraded, that sub-Saharan Africa's second-biggest oil producer is leaning on to cut imported refined products for domestic use.
"The idea is to start commissioning by the end of this year...and we want to reach full production by the end of July," Hofke told Reuters.
The first $473-million phase of the modular refinery will produce naphtha, jet fuel, diesel and heavy fuel oil (HFO), with the naphtha and HFO destined for export markets because Angola did not have much use for them, he said.
The first phase is expected to supply 10% of Angola’s domestic fuel market before doubling market share once the second phase to 60 000 bl/d is completed.
Engineering for Phase 2 is expected to start as soon as the commissioning begins by the end of this year, Felipe Berliner, group chief investment officer at Gemcorp Holdings, said.
Gemcorp is a 90% shareholder in the Cabinda refinery and state-owned company Sonangol holds the rest.
Berliner said banks that participated in the first phase are keen to continue funding a second phase that's expected to take the total cost to $1-billion. Among original funders are Africa Finance Corporation and African Export-Import Bank.
"We believe that Cabinda has the potential to go way beyond 60 000 bl/d capacity envisaged to 90 000 or 120 000 barrels a day on the same site," Berliner said.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
For over 30 years, Werner South Africa Pumps & Equipment (PTY) LTD has been designing, manufacturing, supplying and maintaining specialist...
VISIT SHOWROOM
We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
