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    BREAKING NEWS
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    Angola to Expand Oil Refinery Capability

    Posted On 16 Jul 2022
    By : New Africa Business News, Staff Correspondent
    Comment: 0

    By Richard Adorsu-

    Photo Credit: La Croix

    NEW AFRICA BUSINESS NEWS (NABN) Accra Ghana- Angola’s national oil company Sonangol has announced the addition of a production unit at the country’s only operating oil refinery, the 65,000 barrel per day (bpd) Luanda Refinery.

    Built with support from Italian energy major, Eni, the unit will significantly improve the production of refined fuel products in Angola, enhancing energy security and saving the government millions of dollars’ worth of imports. The refinery expansion comes at a time when global oil prices are in a constant state of fluctuation owing to the ongoing Russia-Ukraine conflict.

    By bringing another production unit online at the refinery, Angola will increase fuel production fourfold to 1,580,000 liters per day, reducing imports by up to 15% annually.

    “We are satisfied with this achievement,” stated H.E. João Lourenço, President of the Republic of Angola at the ribbon cutting ceremony in Luanda, adding that, “Producing fuel in large quantities will allow us to earn well and no longer spend on imports.”

    Despite representing the biggest oil producer in Africa, producing 1.16 million bpd in May 2022, Angola imports the majority of its refined products, with the country spending $1.4 billion importing fuel in 2021.

    With the refinery upgrade, the country aims to improve the production of refined products, increasing domestic supply while reducing imports.

     

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    Current Outbreak of Coronavirus (COVID-19) Disease- Coronavirus advisory information, World Health Organization & United States, Centers for Disease Control and Prevention

    Coronaviruses (CoV) are a large family of viruses that cause illness ranging from the common cold to more severe diseases such as Middle East Respiratory Syndrome (MERS-CoV) and Severe Acute Respiratory Syndrome (SARS-CoV). A novel coronavirus (nCoV) is a new strain that has not been previously identified in humans.

    Coronaviruses are zoonotic, meaning they are transmitted between animals and people.  Detailed investigations found that SARS-CoV was transmitted from civet cats to humans and MERS-CoV from dromedary camels to humans. Several known coronaviruses are circulating in animals that have not yet infected humans.

    Common signs of infection include respiratory symptoms, fever, cough, shortness of breath and breathing difficulties. In more severe cases, infection can cause pneumonia, severe acute respiratory syndrome, kidney failure and even death.

    Standard recommendations to prevent infection spread include regular hand washing, covering mouth and nose when coughing and sneezing, thoroughly cooking meat and eggs. Avoid close contact with anyone showing symptoms of respiratory illness such as coughing and sneezing. Source- WHO

    who.int/emergencies
    Coronavirus Q&A, World Health Organization
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    Coronavirus condition overview, World Health Organization
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    United States, Centers for Disease Control and Prevention
    cdc.gov/coronavirus/2019-ncov

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    For New Africa Business News Richard Adorsu Reports,  Africa Correspondent
    About the Author
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