Ver Angola

Energy

Cabinda Refinery works to start within the next few days

Atanas Bossandjiev, chairman of the Gemcorp Board of Directors, announced that the first stage of construction of the Cabinda Refinery will start within days. This phase should be completed by the end of next year, he added.

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The official, who was speaking at the official opening of the refinery's Information Centre, said that Gemcorp - responsible for financing about 90 percent of the project - would work hard to ensure that the deadlines set out in the contract were all met.

Cited by Jornal de Angola, Atanas Bossandjiev also made it known that in addition to the construction of the refinery, the company will also invest in the construction of schools and other buildings to improve the quality of life of the people living near the project. These financings are part of the company's social responsibilities, he said.

José Paulino Barroso, Secretary of State for Oil and Gas, who was also present at the ceremony, took the opportunity to underline that "it is in the interest of the Government that the Cabinda Refinery starts operations at the end of next year, in order to guarantee jobs for the young people of the province and beyond and thus provide social stability to the families".

About the information center - which according to Angop will help to bring closer the local communities and the national and foreign investors - Marcos Alexandre Nhunga, governor of Cabinda, admitted that this is an asset for the province because it will help the Cabindans to obtain information about the future refinery.

"The opening of the center is proof that the refinery is no longer an intention, but a reality, and in the coming weeks the construction work of the refinery will begin," admitted the official, cited by Angop.

The project foresees three distinct stages: the first one will enable the refining of about 30 thousand barrels of crude oil per day. The second stage of the undertaking foresees increasing this capacity to double (60 thousand barrels per day). The third stage will allow the refinery to start producing products such as gasoline and diesel.

At the end of the project, planned for 2022, it is estimated that the refinery will generate about 2000 jobs.

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