Angola has inaugurated the Cabinda Oil Refinery, the country’s first facility of its kind since gaining independence nearly 50 years ago.
The refinery, located in the oil-rich Cabinda province, begins operations with an initial processing capacity of 30,000 barrels per day.
Authorities say output will double to 60,000 barrels per day once the facility reaches full capacity.
Production of refined fuel is expected to begin before the end of the year.
Officials project the refinery will significantly boost Angola’s domestic fuel supply, reducing reliance on costly imports and strengthening the country’s energy security.
The project also carries regional implications, as Angola plans to channel surplus refined products into export markets.
Angola’s government views the refinery as a critical step towards diversifying its oil sector and capturing more value locally rather than exporting crude oil for overseas refining.
Oil remains the backbone of Angola’s economy, accounting for the majority of government revenue and foreign exchange earnings.
Despite being one of Africa’s largest crude producers, the country has long depended on imported fuel, leaving it vulnerable to price shocks and foreign exchange pressures.
