Ver Angola


More than three billion will be invested by the Quanten consortium in the Soyo Refinery

The Quanten consortium will invest 3.5 billion dollars in the construction of the Soyo Refinery, in Zaire. The announcement was made this Tuesday by Segun Thomas, chairman of the board of directors of the consortium and CEO of TGT, at the end of a meeting with the President of the Republic, at the Presidential Palace.


The official also took the opportunity to say that the project will be carried out within a time frame of three and a half years and to mention that the project, in an initial phase, will generate around 3,000 direct jobs.

Speaking to the press, Segun Thomas informed that at the center of the conversation with the head of state was precisely the Soyo Refinery as well as issues related to local content.

"The topic of our debate with the President was precisely to talk about this Soyo Refinery and also here to highlight the tremendous support and efforts made by the Angolan authorities", he said, quoted by the Televisão Pública de Angola (TPA).

He also referred that they took advantage of the occasion "to put emphasis on issues that have to do with local content as well as the benefit that this refinery will bring to the Angolan population in the most varied domains".

"This is a three-and-a-half-year development project. On Friday, the first stone was laid, after that we will have the cleaning work and also other technical work" and only then "will we move on to the construction itself and within this period, up to three and a half years, therefore, we can now start thinking about refining itself", he added, quoted by TPA.

Regarding the refinery's capacity, Segun Thomas said that it is intended to start with a capacity of 250,000 barrels per day, and the number will increase as needed.

The infrastructure will refine gasoline, low sulfur diesel as well as jet fuel.


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