Afpedia Products For Sellers For Buyers Trade Shows Industrial Cluster

Online Translation

Sign In

Join Now



Angola's historic first oil platform to be launched in June

Angola's historic first oil platform to be launched in June

Image from Africanews

The Angolan oil sector has reason to smile with export figures more than satisfactory at the end of 2021-beginning of 2022. In the same vein, the historic launch of the very first oil platform in the country will take place next June.

Going by the name "Lifua A", the platform is under construction in the Malongo camp in Cabinda and should be launched into the sea in a few weeks. Supported by the giant Chevron through its local subsidiary Cabinda Gulf Oil Company Limited (CABGOC), the project required a budget of 60 million dollars.

This information was made public during a three-day visit by President Joao Lourenço to Cabinda Province, during which the project was presented to him.

Last February, José Barroso, Angolan Secretary of State for Oil and Gas, while presenting the results of the sector, confirmed the recovery after a terrible year in 2020. The counters showed 27.87 billion dollars in crude oil export revenues in 2021, an increase of 51.4% year on. A total of 394.22 million barrels of crude oil were shipped to Angola's customers around the world, led by China, which bought 71.51%, followed by India (7%), according to the same source.

The project which is part of the upturn in the Angolan oil sector is intended to create 300 direct jobs and will have its entry into production in late 2023.

Follow Us:
As an authority of media industry, we can provide you integrated brand communication on your products! Reasonable advertising prices will let you enjoy great over-valued service!”
Customized Service
Customized information such as product prices, company trends, market forecasts, price curves, etc. will help you fully grasp the latest trend!
Tailor-made, in-depth, professional research reports which will explore the business opportunities is your effective decision-making reference!
Professional and accurate trade data will help you break through the export bottleneck of products, track peer dynamics, and grasp industry trends!

Buyers Suppliers

Hot Search