Energy Capital & Power

Sonangol, Gemcorp Sign Cabinda Partnership Deal

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London-based investment firm Gemcorp has signed a partnership deal with Angola’s national oil company, Sonangol, for the construction of the Cabinda refinery, which will be located on the Malembo plain.

The construction of the refinery – which will have the capacity to process 60,000 barrels of oil per day – will be divided into three phases, with the first phase due for completion in 2021.

Phase one and two will produce 30,000 bpd respectively, while phase three will aim to improve production specifications on gasoline, diesel, Jet A1, PLG, kerosene and fuel oil.

Sonangol initially awarded the contract to the United Shine consortium in February 2019, but ultimately terminated the agreement owing to non-compliance with the agreed actions.

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Energy Capital & Power

Energy Capital & Power

Energy Capital & Power is the African continent’s leading investment platform for the energy sector. Through a series of events, online content and investment reports, we unite the entire energy value chain – from oil and gas exploration to renewable power – and facilitate global and intra-African investment and collaboration.