FOUNDER AND EXECUTIVE CHAIRMAN, TRADINTER AND CHAIRMAN, AECIPA
"Doing business in Angola requires a great deal of imported goods and equipment, which challenges both the companies and the central bank to make foreign currency available. "
"We are committed to becoming a major independent energy producer. This goal drives us to explore new opportunities and monetize the existing gas reserves in the Cabinda South Block."
CEO, SONANGOL REFINING & PETROCHEMICAL COMPANY (SONAREF)
"Sonaref is spearheading three major refining projects: the Cabinda Oil Refinery, the Soyo Refinery, and the Lobito Refinery, which aim to increase our total refining capacity to 425,000 bpd."
"Oil production in Angola has been on a declining trend over the past few years, but our discoveries have bucked this trend with the company’s production increasing by 30% from 2022 to 2024."
"Within a few days, we can transform barren sites into fully equipped facilities, demonstrating our adaptability in supporting Angola's energy sector."
"Angola has strategic plans in place extending to 2027 to increase the acreage explored and boost production. This involves putting more blocks into the market to attract investors."
The Latin America Petrochemicals and Chemicals 2024 report, produced in alliance with APLA, explores the current state of these industries, the challenges they face, and the opportunities they offer.