#Angola #Country Updates #News #Upstream Oil & Gas News

Sonangol launches international tender for fuel import for one year

Sonangol, the Angolan state oil company, announced today that it has pre-qualified 27 companies out of 34 evaluated, to participate in an international tender, limited by invitation, for the import of fuels.

A note from the National Fuel Society of Angola (Sonangol) states that the tender was launched on the April 1st, for the import of fuels, with a view to supplying domestic demand for gasoline and diesel, in the period between July 1 of this year and July 30, 2022.

“In order to carry out this tender, 34 companies were evaluated, of which 27 were pre-qualified. This tender will result in the selection of the company (ies) for the conclusion of the gasoline and diesel supply contract (s), in a DAP modality – ‘Delivery at Place’, in Luanda, replacing the current supplier entities, whose contracts end on June 30, 2021”, informs the note.

Angola is an oil-producing country, however, its refining infrastructure comprehending only one refinery, with the capacity  to refine 65,000 barrels of oil per day, which cover only about 20% of the consumption of oil products in the country.

The remainder is imported, meaning a large expenditure of foreign exchange for the country and to overcome the situation the Angolan executive outlined the strategy of building three new refineries, namely Cabinda, Soyo and Lobito, and of modernizing and optimizing the Luanda Refinery.

Source: Furtherafrica

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