The contract is aligned with Sonangol’s plans to renew its maritime fleet and strengthen its shipping and trading unit, which represents one of its core business units.
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Angola’s national oil company Sonangol announced the start of construction on its second Suezmax tanker, as part of a two-part contract previously awarded to Hyundai Samho Heavy Industries in Korea.
Construction of the first tanker is currently 45% complete, with both tankers expected to be delivered by September 2023. The Suezmax tankers will be capable of transporting one million barrels of oil, with a gross tonnage of approximately 158,000 metric tons.
The contract is aligned with Sonangol’s plans to renew its maritime fleet and strengthen its shipping and trading unit, which represents one of its core business units.
Ahead of first oil and gas production anticipated in 2023 and 2024, respectively, Senegal is inviting investors to capitalize on the sizable, energy sector-led growth set to transform the West African nation.
During a visit to the West African country, United States Secretary of the Treasury Janet Yellen made clear the Biden Administration’s intention of scaling up investment in Senegal.
