19 July 2011
Luanda — The Angolan Oil minister, Botelho de Vasconcelos, Tuesday in Luanda, announced the construction of a refinery in northern province of Zaire to meet the needs of the market.
The minister made the announcement during the discussion of the Draft Law on Refining, Storage, Transportation, Distribution and Marketing of Oil Products approved by the National Assembly.
According to Botelho de Vasconcelos, the project which is in its preliminary stage and the construction of a refinery in Lobito, Benguela, already in advanced stage, reflects the commitment of the executive to reducing the current levels of import of oil derivatives.
With this, the official added, the Executive intends to adopt new forms of organisation, structure and rules of access and equity for all stakeholders in the oil market in order to make the proposed model more effective and efficient, taking into account the reality of the country.
AllAfrica – All the Time
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Minister Announces Construction of Oil Refinery in Zaire