As sub-Saharan Africa’s second biggest oil producer, Angola is prioritizing the expansion of the downstream industry to enhance domestic fuel security, reduce refined imports and create greater value from the oil and gas sector. Key projects include refinery expansion and addition, liquefied petroleum gas (LPG) rollout and the development of petrochemical facilities. At AOG 2025, Dr. Fernandes will spotlight these initiatives, highlighting the wealth of opportunities available in Angola’s downstream sector.

AOG is the largest oil and gas event in Angola. Taking place with the full support of the Ministry of Mineral Resources, Oil and Gas; the National Oil, Gas and Biofuels Agency; the Petroleum Derivatives Regulatory Institute; national oil company Sonangol; and the African Energy Chamber; the event is a platform to sign deals and advance Angola’s oil and gas industry. To sponsor or participate as a delegate, please contact [email protected].

By the end of 2025, Angola plans to achieve 22% of its goal of increasing the country’s refining capacity to 445,000 bpd. The country expects the first phase of the Cabinda oil refinery to come online in 2025, bringing 30,000 bpd to the market. A planned second phase will double capacity, reaching 60,000 bpd. In tandem, the country is seeking $4.8 billion to bridge the financing gap for the Lobito refinery. With a capacity of 200,000 bpd, one completed, the refinery will become Angola’s biggest facility. The refinery is set for a 2027 launch. Additionally, a planned in Soyo will further enhance Angola’s refining capacity. Led by Quanten Consortium, the refinery targets 150,000 bpd.

Beyond the refining sector, Angola is expanding LPG distribution, seeking to provide an alternative fuel source for the domestic market. The country anticipates a 31% increase in LPG demand by 2027, with upcoming projects set to support this growth. Notably, Angola’s state-owned gas company Sonagas is constructing a 60,300-ton storage facility as part of the Bande terminal. The national oil company Sonangol is also increasing the Cabinda plant’s gas filling capacity from 3,000 cylinders per day to 9,000 cylinders per day. This will increase gas availability by 28% in the country. In Q4, 2024, the country witnessed a 15% increase in LPG distribution, with output reaching 140,185 metric tons. As Angola prepares to start operations at its first non-associated gas project – led by the New Gas Consortium – in late-2025, the country is looking at expanding LPG rollout even further. Opportunities for strengthened petrochemical and fertilizer production are also available, aimed at supporting associated industries such as agriculture.

At AOG 2025, Dr. Fernandes is expected to share insights into how ongoing downstream developments are expected to support regional fuel security. By providing an overview of the country’s refining, LPG and petrochemical sector, Dr. Fernandes will showcase strategic investment opportunities, providing global financiers and project developers direct access to the market.