Africa's Newest Oil Refinery Fires Up to Supply Fuel for Angola.

The article focuses on Angola's Cabinda oil refinery, one of the first new refineries built in Africa in decades, which has begun shipping fuel to strengthen domestic supply and reduce reliance on imports. Owned 90% by investment firm Gemcorp Capital LLP, the refinery currently produces 30,000 barrels per day, supplying diesel locally and exporting heavy fuel oil and naphtha internationally, with plans to double capacity in a $700 million expansion. This development aligns with broader African efforts to increase refining capacity amid disrupted fuel supplies and high prices caused by geopolitical tensions, as the continent imports 70% of its refined fuel despite exporting most of its crude oil. Angola’s state-owned Sonangol and other major projects like Nigeria’s Dangote refinery also reflect ongoing initiatives to enhance Africa’s refining infrastructure. [Extracted from the article]