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Hydrocarbon Processing Refining Databook 2025: Middle East & Africa
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Domestic companies in Nigeria and other African jurisdictions are buying assets from existing majors they view as more likely to deliver production upside under their stewardship
Sonangol must escape former regime’s shadow to achieve IPO
Angola is unlikely to meet the official timeline for an IPO of state-owned oil giant Sonangol in 2026
Letter on Africa: New African refineries could help break old dependencies
A profound shift is occurring in the global refining sector, one which might help redefine Africa’s place in worldwide trade networks
Expanded Afentra eyes fresh growth
The independent is keen to supply feedgas for Angola LNG and is assessing opportunities both in and beyond the southern African nation
Angola project thwarts upstream decline
Kaminho deepwater FID raises hopes of reigniting much-needed further investment in ailing sector
Angola high oil potential blocks for award
Eight blocks in the Lower Congo and Kwanza onshore basins available for award
Angola’s OPEC departure runs deep
Luanda’s decision to leave the influential group surprised many observers but may have been coming for some time
African lenders back Angolan refinery
Efforts by African institutions and others to push development in the continent appear to be gaining momentum
Angola Angola LNG
Ian Lewis
14 May 2019
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Angola reforms set to survive Sonangol sackings

The new boss of Angola’s state oil firm is seen as another safe pair of hands

Last week's sacking of Sonangol chairman Carlos Saturnino and most of the company's board was ostensibly due to President Jao Lourenço's dissatisfaction with the way the company handled a fuel import crisis. But other factors may be been at play too. The country has been suffering fuel shortages, as it failed to import enough refined products to meet demand. Although Angola is Africa's second largest oil exporter, it can only meet less than a fifth of its own fuel needs from domestic refineries and must import the rest Lourenço blamed a lack of communication between Sonangol and the relevant government departments for the fuel shortage. Meanwhile, Sonangol, which oversees fuel imports, ha

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