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Angola: Construction of Oceanic Terminal Officially Underway

Image: SkyscraperCity

Angolan Minister of Mineral Resources, Oil and Gas, H.E Diamantino Azevedo, officially inaugurated the construction of the Oceanic Terminal on September 21. 

With an investment value of $500 million and a storage capacity of 580 000 cubic meters to store petroleum derivatives including Gasoline, Diesel, and LPG, the Oceanic Terminal in Bengo is expected to create over 3,500 direct and indirect jobs during the construction phase of the project.

“We are very proud to launch the oceanic terminal project in Bengo; it’s a project of high national relevance as per Angola’s National Development Plan 2018-2022. It will be highly beneficial to the communities in Bengo along with other opportunities it will create in sectors such as telecommunications and transportation,” H.E Diamantino Azevedo during the launch event.

The Oceanic Terminal on Barra do Dande is scheduled for completion within 17 months from the launch. Once operational, it’s expected to significantly improve fuel distribution in Angola and create safer and cost-efficient regional trade and distribution opportunities.

Energy Capital & Power will produce an Africa Energy Series: Angola 2022 special report and documentary with a new look and multimedia components, during a critical moment in the country’s energy sector development. The documentary will be advertised and aired on local TV and international news outlets, including CNBC Africa, and on Energy Capital & Power’s digital platforms. For editorial enquiries regarding the Africa Energy Series report and documentary, please contact editorial@energycapitalpower.com.

 

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Zenildo dos Santos

Zenildo dos Santos

Zenildo dos Santos is a Field Editor at Energy Capital & Power. Prior to this, he was the Head of Communications for General Electric in Angola. In this role, he led communications projects and initiatives for all GE business units in-country (oil and gas, power, transportation, and healthcare). He is a Heriot-Watt. University graduate and an active #Bravuz volunteer.

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