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Angola set to announce contractor for Soyo Refinery

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The winner of the tender to build the 100,000BOPD refinery in Soyo, in Zaire Province the northeasternmost part of Angola will be announced next week.

The Angolan Ministry of Mineral Resources and Petroleum (MIREMPET) will make the announcement on March 15.

At the start of final evaluation, there were nine proposals from groups that included Atis Nebest-Angola, SDRC, Jiangsu Sinochem Construction Co., Tobaka Investment Group, Satarem, Gemcorp Capital, China Petroleum Pipeline (CPP) Engineering Firm, Quanten Consortium, as well as a joint proposal submitted by CME, Aida and VSF.

One of them has since dropped out, which means that eight companies and consortia had their proposals evaluated by PwC, the government’s due diligence consultant, as of December 29, 2020.

But MIREMPET postponed the announcement, for the second time in January 2021, in order that the best-ranked competitors could renew their investment financing guarantees, “through renowned financial institutions, as well as re-affirmation of the corporate structures involved”, the ministry says in a statement.

The Soyo refinery is one of three refinery projects under development by the Angolan government. One is to expand the capacity of the Luanda refinery, another is the two-phase construction of a new 60,000BOPD refinery at Cabinda, which is underway.

Source Africa Oil + Gas Reports Report
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