Angola Ramps Up Refining Capacity with New Projects to Curb Fuel Import Dependence
SEATTLE (Oil Monster): Angola is gearing up for a significant overhaul of its downstream energy landscape as several major oil refinery projects advance toward completion. The initiatives are expected to drastically cut the nation’s reliance on imported petroleum products, which currently represent nearly 80% of domestic fuel consumption.
The most recent milestone is the Cabinda Oil Refinery, officially inaugurated in September. Developed under a public-private partnership structure, Gemcorp holds a 90% stake in the project, while state-owned energy major Sonangol retains the remaining 10%. The first phase is designed to process 30,000 barrels of crude per day, with a second phase scheduled to double output to approximately 60,000 barrels per day. Once fully operational, the facility is expected to improve fuel availability, enhance local economic activity, and reduce Angola’s foreign exchange outflows for fuel imports.
ALSO READ:
Massive Gas Discovery Off Angola Boosts Nation's Energy Prospects
TotalEnergies Commenced Production from Major Offshore Oil Projects in Angola
In addition, the Lobito Refinery—one of the country’s largest energy infrastructure undertakings—is anticipated to significantly boost Angola’s refining capacity. With a projected processing capability of 200,000 barrels per day, the refinery is positioned to play a central role in the nation’s economic diversification strategy. It is expected to create thousands of jobs across construction and operations, while supporting long-term sustainable energy development.
Meanwhile, the Soyo Oil Refinery project in Zaire Province is moving forward under the leadership of the U.S.-based Quanten Consortium. The plant is designed to handle 100,000 barrels per day once fully commissioned. Construction is slated to begin following the conclusion of land demining activities at the project site.
Taken together, these three refineries mark a crucial turning point in Angola’s energy evolution. By strengthening domestic refining and decreasing dependence on foreign supply, the country aims to boost revenue retention, stabilize internal fuel pricing, and reinforce national energy security.