Luanda — The Luanda Refinery will increase gasoline output to 1,200 tons by the end of 2021, against the 300 tons currently produced, Sonaref chairperson Joaquim de Sousa Fernandes said Monday.
This increase is foreseen in a joint project between the National Fuel Company of Angola - Sonangol, E.P and the Italian oil company ENI, which aims to create another refinery unit for gasoline.
The completion of the initiative depends on a partnership agreement between the two companies and will reduce the market deficit by 20 percent.
According to the manager, who was speaking at a press conference included in the celebration of Sonangol's 43 years, the new production unit is already in the planning phase and in the next few years the contract will be awarded and then it will move on to the construction phase.
The Luanda Refinery operates 95 percent of its production capacity.