Chinese firm to build major oil refinery in Angola – Bloomberg   ...News

The African country will reportedly sign a $6 billion deal with China National Chemical Engineering Angola is due to sign a contract with China National Chemical Engineering Co. (CNCEC) to build a long-delayed oil processing plant in the municipality of Lobito, Bloomberg reported on Friday. “The processing capacities of the Lobito refinery remain at 200,000 barrels per day and the estimated cost of the investment is around $6 billion,” Diamantino Azevedo, minister of minerals and petroleum, announced after a meeting between Angola’s President Joao Lourenco and CNCEC Chairman Wen Gang. Angola’s state-owned oil comp

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