Angola saves 280 ME in gasoline imports with Luanda refinery - Plataforma Media

Angola saves 280 ME in gasoline imports with Luanda refinery

Angola saves US$280 million per year on gasoline imports with Luanda refinery

Angola will save about US$300 million (280 million euros) annually in gasoline imports, with the quadrupling of this oil derivative at the Luanda refinery.

The new gasoline production complex at the Luanda refinery, a $235 million (219.4 million euros) investment by state oil company Sonangol, was inaugurated today by the Angolan President, João Lourenço

According to the chairman of Sonangol’s board of directors, Gaspar Martins, the new gasoline production complex will reduce gasoline imports by 15% and contribute to achieving self-sufficiency.

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Gaspar Martins also noted that the Luanda refinery started operating in 1958 and currently has a processing capacity of 65,000 barrels of oil per day, and still had limitations in relation to the production of a good part of the oil derivatives needed for the national market.

With the new complex, added the head of the state-owned oil company, gasoline production will quadruple, from 395,000 to 1.5 million liters of gasoline per day.

“In order to overcome these limitations, Sonangol, in cooperation with Eni, an Italian oil company, developed the current project with the objective of maximizing gasoline production,” Gaspar Martins emphasized, also noting the 70% reduction in the use of ‘fuel oil’ in the furnaces, for the production of steam, and the exchange of naphtha for the generation of 10 megawatts of electricity from hydrogen produced at the refinery, as well as the increase in LPG (liquefied petroleum gas) production for domestic consumption.

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“This complex will be handled by young Angolan cadres who have been properly trained, thus reinforcing our bet on the development of national human capital,” he stressed.

In his turn, the Minister of Natural Resources, Oil and Gas, Diamantino Azevedo, said that with the entry into operation of this complex, Angola will have significant gains, among them the reduction of foreign exchange expenditures for the State, as well as the improvement of gasoline quality and benefits of environmental nature.

“Several Angolan executives and technicians participated in the construction of this new catalytic reform unit, and its inauguration will create new direct and indirect jobs that will greatly contribute to the improvement of our population’s living conditions,” the minister emphasized.

Diamantino Azevedo also emphasized in the set of benefits of the project the training and specialization of young nationals at Eni’s Corporate University, in Italy, who acquired new technical skills for the refining activities, including the operationalization of the complex.

The Italian oil company’s representative, the general director of Eni’s Natural Resources Division, Guido Brusco, considered the conclusion of the Luanda refinery expansion and modernization project as exemplary of the long and fruitful strategic partnership between the two Angolan and Italian companies.

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“Today, this event represents the concretization of the commitment made by our CEO [executive chairman] with the President of the Republic, to cooperate, to support Sonangol in improving and increasing the capacity of the Luanda refinery, taking advantage of Eni’s specific ‘know-how’,” Brusco said, affirming the Italian oil company’s full commitment “to continue supporting future possible expansion and modernization efforts.”

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