Ver Angola


National oil company and Chinese company sign memorandum of understanding for Lobito Refinery

The flagship oil company and China National Chemical Engineering (CNCEC) initialed, this Tuesday, a memorandum of understanding for the Lobito Refinery, in Benguela province.


According to a statement from the Ministry of Mineral Resources, Oil and Gas, to which VerAngola, the document was signed in Beijing, China.

"Sonangol, as part of its responsibility to implement and seek funding for the Lobito Refinery project, signed a memorandum of understanding with the company China National Chemical Engineering (CNCEC) on Tuesday in Beijing, China, which could lead to the signing of a contract to build the infrastructure," the ministry's statement said.

According to the ministry, the ceremony was witnessed by the Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo.

The refinery will be able to process about 200,000 barrels of oil per day.


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