Angola: FID for Cabinda refinery

Issue 426 - 05 Nov 2020

London-based investment firm Gemcorp Capital and state oil company Sonangol announced a final investment decision on 30 October for construction of a 60,000 b/d refinery at Cabinda. Sonangol and the Hong Kong-based United Shine consortium signed a deal to build the refinery in June 2019, but that deal was cancelled in December and a new agreement was signed with Gemcorp.

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