africa Angola commodities Gas oil

Angola: Crude oil derivatives cost over US$4B

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At least 4.3 billion US dollars is the amount authorized in a presidential order to open the simplified contracting procedure for the supply of petroleum byproducts to Sonangol Logística Limitada, ANGOP has learned.

The expenses are inherent to the contracts to be celebrated in the period from April 1, 2018 to March 31, 2019, according to the presidential decree published in the State Gazeta of May 24.

According to the document, there are needs to be contracted to supply gasoline, diesel and marine gas oil to Sonangol Logística Limitada, within the scope of the petroleum system’s logistic oversight under the terms of Articles 40 and 60 of Presidential Decree No. 132 / 13, of September 5.

The legal tool also justifies the need to ensure supplies to the domestic market with petroleum products, as of the second quarter of this year, in light of the current contracts for the supply of derivatives to Sonangol Logística Limitada.

The presidential decree directs the Board of Directors of Sonangol E.P, in order to report to the Ministry of Mineral Resources and Petroleum (as Ministerial Department of Petroleum) on the progress of the process.

Source: Angop

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