africa Angola commodities Economy oil Trade

Angola Sonangol selects Totsa and Glencor to supply fuels

International companies Totsa Total Oil Trading and Glencor Energy UK Ltd have been selected to supply refined fuels to Angola, based on an international public tender launched by Sonangol last January, for which 20 companies put forward proposals.

Totsa Total Oil trading will start supplying gasoline while Glencore Energy will be responsible for importing diesel and marine diesel.

According to Angolan state news agency Angop, following this contract, Angola and Sonangol will benefit from a considerable cost reduction on importing refined products in the next 12 months.

Angola is the second largest African oil producer, after Nigeria, producing about 1.6 million barrels of crude oil per day, but reduced refining capacity continues to force the country to import a significant part of its needs for diesel and gasoline .

Sonangol alone imports 2,352,671 tons of diesel, while gasoline purchases from abroad reached 1,030,070 tons.

Source: Macauhub

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