Oil Production: 1.13M bpd ▲ +4% vs 2023 | Crude Exports: $31.4B ▲ 393M bbl (2024) | Proved Reserves: 2.6B bbl ▼ Declining | LNG Capacity: 5.2 mtpa ▲ Soyo Terminal | Refining Capacity: 150K bpd ▲ +Cabinda 30K | Hydro Capacity: 3.67 GW ▲ Lauca 2,070 MW | Electrification: 42.8% ▲ Target: 60% | Oil Revenue Share: ~75% ▼ of Govt Revenue | Upstream Pipeline: $60-70B ▲ 2025-2030 | OPEC Status: Exited ▼ Jan 2024 | Oil Production: 1.13M bpd ▲ +4% vs 2023 | Crude Exports: $31.4B ▲ 393M bbl (2024) | Proved Reserves: 2.6B bbl ▼ Declining | LNG Capacity: 5.2 mtpa ▲ Soyo Terminal | Refining Capacity: 150K bpd ▲ +Cabinda 30K | Hydro Capacity: 3.67 GW ▲ Lauca 2,070 MW | Electrification: 42.8% ▲ Target: 60% | Oil Revenue Share: ~75% ▼ of Govt Revenue | Upstream Pipeline: $60-70B ▲ 2025-2030 | OPEC Status: Exited ▼ Jan 2024 |

Refining & Downstream

Angola refining and downstream intelligence — Cabinda and Lobito refinery projects, fuel import dependency, and petrochemical ambitions.

Despite being Africa’s second-largest crude oil producer, Angola imports approximately 80 per cent of its refined petroleum products at an annual cost exceeding $2 billion. The government’s refinery construction programme — anchored by the Cabinda refinery (inaugurated September 2025) and the $6.6 billion Lobito refinery — aims to close this gap. This section tracks refinery projects, EPC contractors, fuel distribution infrastructure, and downstream investment opportunities.

Africa's Refining Capacity Gap: Where Angola Fits In

Analysis of Africa's refining capacity deficit and how Angola's refinery programme positions the country within the continental landscape.

Feb 25, 2026

Angola's Fuel Import Bill: The Economic Case for Domestic Refining

Analysis of Angola's fuel import dependency, quantifying the economic cost and building the case for domestic refining capacity.

Feb 25, 2026

Angola's Refinery Construction Programme: EPC Contractors and Timelines

Guide to Angola's refinery construction programme, covering Lobito, Cabinda, and Luanda projects with EPC details and timelines.

Feb 25, 2026

Downstream Investment Opportunities in Angola's Refining Sector

Analysis of downstream oil investment opportunities in Angola's refining, distribution, and petrochemical sectors for investors.

Feb 25, 2026

Fuel Storage Terminal Infrastructure in Angola

Comprehensive analysis of Angola's fuel storage terminal infrastructure, covering capacity, investment needs, and expansion opportunities.

Feb 25, 2026

Petrochemical Ambitions: Can Angola Move Beyond Crude Export?

Analysis of Angola's petrochemical development potential, from methanol and fertiliser to plastics production and industrial strategy.

Feb 25, 2026

Petroleum Product Distribution Networks in Angola

Analysis of Angola's petroleum product distribution infrastructure, covering terminals, pipelines, logistics, and expansion plans.

Feb 25, 2026

Refinery Construction Projects in Angola: Lobito and Cabinda

Detailed profiles of Angola's Lobito and Cabinda refinery construction projects, covering capacity, investment, partners, and status.

Feb 25, 2026
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