Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » Total, BP, Eni in contest to partner Sonangol on local refinery

    Total, BP, Eni in contest to partner Sonangol on local refinery

    February 25, 2012
    Share
    Facebook Twitter LinkedIn WhatsApp

    25 February 2012, Sweetcrude, LUANDA – French oil giant Total, Britain’s BP and Italy’s Eni are vying to partner Angola’s state oil company Sonangol to build the country’s second refinery.

    The three firms are looking at a 50 percent stake in the new installation slated for the southern coastal city Lobito, Sonangol board member Anabela Fonseca told reporters in Luanda.

    “We have begun discussions with Total, with BP and with Eni,” Fonseca said, adding that talks were most advanced with Eni, which had proposed the inclusion of its new patented refining technology.

    Total previously held a 55 percent stake in Luanda’s refinery which it sold to Sonangol in 2007.

    Despite being Africa’s second-biggest oil producer after Nigeria, Angola relies heavily on imported oil products because the Luanda facility, built in the 1950s, has limited capacity.

    Related News

    ‘OPEC oil output rises in May but compensation cuts limit hike’

    Chevron CEO warned staff of rising safety issues before fatal Angola platform fire

    Oil prices steady ahead of US-China trade talks

    E-book
    Resilience Exhibition

    Latest News

    Shipping firms dodges $900m cost, as Nigeria hit by empty container glut

    June 9, 2025

    ‘OPEC oil output rises in May but compensation cuts limit hike’

    June 9, 2025

    Chevron CEO warned staff of rising safety issues before fatal Angola platform fire

    June 9, 2025

    Oil prices steady ahead of US-China trade talks

    June 9, 2025

    Kwairanga reiterates NGX’s commitment to deepening Nigeria’s capital market

    June 9, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.