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Angola: Cement plants gain access to Luanda oil refinery supplies

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The cement factories that stopped production due to a cut on Heavy Fuel Oil supplies will start getting the fuel directly from the Luanda Refinery as from 10 November.

This rids the cement plants of their dependence on  their rival Nova Cimangola that has been the main HFO supplier, and improve the cement situation in the national market.

The information was released Monday in Luanda by the minister of Construction and Public Works, Manuel Tavares de Almeida, at the end of a field visit to Nova Cimangola and Luanda Refinery.

The minister said the visit enabled him to learn on the spot of the functioning of the above mentioned institutions that produce the materials required in the civil construction industry.

The visit also earned him guarantees from the Luanda Refinery board of HFO supplies to the trapped cement factories as from 10 November breaking their dependence on rival Nova Cimangola.

According to the minister, the refinery line that supplied the HFO to Nova Cimangola has been split into two to cater for the Luanda-based China International Fund (CIF) and the Fábrica de Cimento do Kwanza Sul (FCKS).

CIF and FCKS halted their production due to a cut on the HFO supplies, resulting in a severe shortage of cement, with price shooting up from Akz 1,500 to Akz 3,000 a bag (Usd 1 is Akz 166).

Source: Angop


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