Government Announces Potential Candidates for Soyo Refinery Construction

Image: Oil Energy 

The Angolan Ministry of Mineral Resources and Petroleum has announced the list of shortlisted candidates for the construction of the Soyo refinery.

Out of 31 submissions, the ministry selected nine companies, many of them relatively unknown or part of consortiums created specifically for this bid. The list includes SDRC, the Jiangsu Sinochem Construction Co, the Quanten Consortium, a joint proposal submitted by CME, AIDA and VSF, the Tobaka Investment Group, Atis Nebest-Angola, Satarem, Gemcorp Capital and finally China Pipeline Petroleum Engineering Company.

According to the ministry, with the exception of SDRC, which submitted a proposal for a 120 thousand barrel per day refinery, all other applicants submitted a project that would accommodate a processing capacity of 100 000 barrels per day, following the tender’s request.

The final winner of this multi-billion dollar project, which is a central part of the government’s grand plan to revamp the oil industry from upstream to downstream and make Angola self-sufficient in fuel production, will be announced on the 31st of March.

Returning for its second year, the Angola Oil & Gas Conference & Exhibition will be hosted in June 16-17, 2020 in Luanda, and will focus on an international investment drive aimed at bringing new deals and signing new entrants into Angola’s oil and gas sector.