10 December 2012

Angola: Ministers Hail Importance of Future Lobito Refinery

Photo: Vanguard
Oil installation

Luanda — The Oil Minister, Botelho de Vasconcelos, said on Monday in Lobito city, central Benguela province, that the laying of the cornerstone for the construction of the local refinery is a singular moment for the sector.

Speaking to the press, on the fringes of the ceremony of launching the first stone for the construction of the referred refinery by Angolan Vice-president, Manuel Vicente, the minister said that project is important because the country lacks by-products of oil.

On his turn, the Transport Minister, Augusto Tomás, said that the construction of Lobito refinery will help to consolidate and strengthen the development of the corridor that surrounds the provinces of Benguela, Huambo, Bié and Moxico.

He highlighted the Benguela and Moçamedes Railways, Lobito Port, the future port logistics platforms anda ir cargo centre of the International Airport of Catumbela, among other projects.

To the minister of Energy and Water, João Baptista Borges, the future Lobito refinery will be an interest park for the energy sector, as there will be a chance to consume fuel locally produced and assist the projected thermal stations.

The project, based in Quileva hill, along the coastline, 10 kilomentres away from Lobito city, will enable the supply of by-products of oil to all Angolan provinces and neighbouring countries.

The future refinery, aimed to end with fuel imports and aggregate the crude oil produced Angola, will process about 200.000 barrels per day and will generate 10.000 direct and indirect jobs during the construction phase of the infrastructure.

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