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Southern Africa

Angola's Cabinda Refinery Reaches Financial Close

The refinery will have a capacity of 60,000 b/d.

July 14, 2023

By Chriselle Moraes
The Cabinda Oil Refinery project in Angola has reached financial close. Africa Finance Corporation and African Export-Import Bank (Afreximbank) announced a US$335 million project financing facility for the refinery on 13 July. The refinery is being developed by the UK's Gemcorp Holding Limited (GHL), in partnership with Angola’s state oil company, Sonangol, which

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