AFC, Afreximbank close financing for Cabinda refinery
VFuels reported that plant was making progress last week. The project is “ready for pipe insulation and final testing before nitrogen preservation”, the US company said.
Gemcorp
Angola visits Houston, checks in on Cabinda refinery work
VFuels is making progress with its Cabinda refinery work at facilities in Houston, with equipment passing its factory acceptance testing (FAT).
Angola awards work on 100,000 bpd refinery
Angola has awarded a build, own and operate (BOO) contract for the Soyo refinery to a consortium led by US company Quanten.
A tough year down for Africa
As with the global industry, African exploration and production plans hit the COVID-19 and oil price-crash roadblock.
Gemcorp takes FID on Cabinda refinery
Gemcorp has taken a final investment decision (FID) on the 60,000 barrel per day Cabinda refinery, which will be built in the Angolan exclave.
Sonangol income halves in 2019
Sonangol posted net income of $125 million for 2019, while EBITDA reached $4.78 billion up 10% year on year.
Sonangol tees up share sale
Angola intends to privatise 30% in state-owned Sonangol, in a bid to raise money and increase the company’s competitive edge.
BP lines up additional Angolan exploration
The Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG) has signed two deals with BP, on the sidelines of the UK-Africa Investment Summit in London.