A Sonangol development that will supply energy to a factory at Soyo puts the country one step closer to fertiliser self-sufficiency.
Diamantino Azevedo
The long-delayed Lobito oil refinery is expected to process around 200,000 barrels a day once completed in 2026.
The southern African nation’s resources minister says he is ‘optimistic’ about working with Chinese companies in the energy, metals and minerals sectors.
Capital and international expertise are needed to fully exploit Angola’s rich reserves of critical minerals, the minister says.
Move is in response to complaints over the lack of fiscal incentives and comes amid the country’s efforts to boost diamond processing.
