{"id":5004,"date":"2023-10-26T09:51:49","date_gmt":"2023-10-26T09:51:49","guid":{"rendered":"https:\/\/ornoirafrica.com\/?p=5004"},"modified":"2023-10-26T09:51:49","modified_gmt":"2023-10-26T09:51:49","slug":"angola-sonangol-and-cncec-reach-final-agreement-to-build-oil-refinery","status":"publish","type":"post","link":"https:\/\/ornoir.africa\/en\/angola-sonangol-and-cncec-reach-final-agreement-to-build-oil-refinery\/","title":{"rendered":"Angola: Sonangol and CNCEC sign final agreement to build oil refinery"},"content":{"rendered":"<p><strong>Under a memorandum of understanding signed in June, Sonangol and CNCEC agreed to work together to raise the funds needed to set up the Lobito refinery, which was suspended in 2016.<\/strong><\/p>\n<p>On Sunday 22 October, Angola's state oil and gas company (Sonangol) and China National Chemical Engineering (CNCEC) formalised the signing of a binding agreement relating to the project to set up a crude oil refinery in Lobito.<\/p>\n<p>Under the terms of the agreement, which comes four months after the parties signed a memorandum, CNCEC will provide technical assistance and supervise the construction of the Lobito refinery.<\/p>\n<p>The new plant is expected to have a refining capacity of 200,000 b\/d. A volume that will support the country's desire to limit expenditure on imports of refined petroleum products.<\/p>\n<p>Stakeholders have not released financial details of the project, the main obstacle that has prevented its completion since 2016, but the initiative is expected to cost around $2 billion, according to some estimates.<\/p>","protected":false},"excerpt":{"rendered":"<p>Dans le cadre d\u2019un protocole d\u2019accord sign\u00e9 en juin, les soci\u00e9t\u00e9s Sonangol et CNCEC ont convenu de travailler \u00e0 la lev\u00e9e des fonds n\u00e9cessaires \u00e0 l\u2019installation de la&hellip;<\/p>","protected":false},"author":1,"featured_media":5005,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","_lmt_disableupdate":"","_lmt_disable":"","page_builder":"","footnotes":""},"categories":[5,676],"tags":[276,2922,341,620],"class_list":["post-5004","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-actualite","category-petrole","tag-angola","tag-cncec","tag-raffinerie","tag-sonangol"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - 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