- *This article will be published in the upcoming AES: Angola COVID-19 Impact ReportThe Angolan government has launched an ambitious strategy to develop its refining capabilities and reduce its reliance upon and associated costs with imported fuel volumes, aiming to increase capacity from 80,000 bpd to 360,000 bpd through a series of works by 2025.
- In the short-term, one key refurbishment and one construction project remain on track for a 2021 completion – in addition to two, longer-term refinery constructions (2024, 2025) – which carry substantial potential to offset export losses and contribute to a diversified, self-sustaining national economy.
- The Lobito refinery represents Angola's longest-term and most ambitious refining project, aimed for completion by 2025 and projected to add 200,000 bpd of refining capacity.
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