The Cabinda Refinery plans to begin the first phase of operations in 2025, with a capacity of 30,000 barrels per day (bpd). Developed by investment company Gemcorp, the refinery will be the country’s second operational refining facility once completed. As the refinery prepares to begin production, Cabinda Refinery has joined the Angola Oil & Gas (AOG) conference – taking place September 3-4 in Luanda – as a Bronze Sponsor.
AOG 2025 represents the premier platform for the country’s oil and gas industry, and Cabinda Refinery’s sponsorship reflects its broader commitment to improving Angolan crude processing and distribution. Cabinda Refinery seeks to reduce Angola’s fuel imports through increased domestic refining capacity, aiming to reach 445,000 bpd in the coming years. With the startup of Cabinda Refinery operations, the country will achieve 22% of this target by the end of 2025. Cabinda Refinery’s AOG 2025 sponsorship will support discussions around Angola’s downstream project pipeline.
AOG is the largest oil and gas event in Angola. Held with the full support of the Ministry of Mineral Resources, Oil and Gas; the National Agency for Oil, Gas and Biofuels; the Petroleum Products Regulatory Institute; national oil company Sonangol; and the African Energy Chamber; the event is a platform for deal-making and advancing Angola’s oil and gas industry. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.
The first phase of Cabinda Refinery – costing $473 million – will produce naphtha, jet fuel, diesel and heavy fuel oil, with naphtha and heavy fuel oil destined for export. This first phase will supply approximately 10% of the country’s domestic fuel demand, with a second phase planned to double capacity to 60,000 bpd. Engineering work for the second phase will begin once the first phase is operational. The refinery’s first phase was supported by financing provided by multilateral financial institutions Africa Finance Corporation (AFC) and African Export-Import Bank (Afreximbank), with financial closure achieved in 2023. Additional financing was provided by the Fund for Export Development in Africa – Afreximbank’s impact investment arm. Of the total $473 million investment, $138 million represented equity from project sponsors, while the remaining $335 million was mobilized through the AFC-led mechanism.
As the largest event of its kind in the country, AOG 2025 will connect global investors and project developers to Angolan opportunities. Cabinda Refinery’s sponsorship will not only open doors for discussions on downstream project financing, but will also create new funding opportunities from international institutions. With two additional refining facilities – namely, the 200,000 bpd Lobito Refinery and the 150,000 bpd Soyo Refinery – seeking capital, AOG 2025 will facilitate engagement and deal-making among sector stakeholders.
