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Focus ANGOLA Africa Intelligence dated 02/12/2019

Battle rages over Swiss oil refinery removal plan

Angola's Cabinda mega refinery project, which was hatched as a way of ending the embarrassing petrol shortages which regularly paralyse Africa's second biggest oil producer, has attracted all the major international operators, thanks to the financial and oil supply guarantees offered by President João Lourenço. The rush for the contract has quickly turned into a free-for-all, however, which risks tarnishing the reputations of Angolan state oil company Sonangol and its Libyan counterpart Tamoil. [...] (1231 words)
The Tamoil refinery in Collombey, Switzerland
The Tamoil refinery in Collombey, Switzerland ©Reuters
Angola's Cabinda mega refinery project, which was hatched as a way of ending the embarrassing petrol shortages which regularly paralyse Africa's second biggest oil producer, has attracted all the major international operators, thanks to the financial and oil supply guarantees offered by President João Lourenço. The rush for the contract has quickly turned into a free-for-all, however, which risks tarnishing the reputations of Angolan state oil company Sonangol and its Libyan counterpart Tamoil. [...] (1231 words)
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