Angola shelves plans for refinery over ‘economic reality’

摘要

London-Angola’s state-owned Sonangol has had to shelve plans for its much touted Lobito refinery due to sustained low oil prices, leav- ing it no option but to remain reliant on refined product imports and crude exports. Sonangol announced the suspension of building work at the Lobito refinery and the Barra Do Dande shipping terminal on August 19, in order “to reassess the strategic vision and implementation of the projects.”