Odebrecht Group Company Wins Contract to Build Oil Refinery Worth Over 900 Million Dollars in Angola

Written by Valdemar Medeiros

Published on 14/03/2021 at 14:21

Updated on 14/03/2021 at 18:55

Grupo Odebrecht – Fonte: Reprodução Google

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The Odebrecht Group Company Will Begin Construction of the Oil Refinery in Angola Between April and May

Odebrecht announced this week that it will build a new oil refinery in Angola. The chosen company to carry out the works is OEC, which operates in the engineering and construction sector of the Odebrecht group. The oil refinery will be built in the province of Cabinda, located about 30 km north of Luanda, the capital of Angola. The contract value is estimated at US$ 920 million, and the installation works are expected to start between April and May of this year (2021).

Capacity of the Oil Refinery in Angola

The total capacity of Odebrecht’s oil refinery will process around 60,000 barrels of crude oil per day, which will yield gasoline, diesel, aviation fuel, kerosene, and also fuel oil.

The main focus of this investment is to reduce Angola’s dependence on imported refined products as much as possible, as well as to boost the country’s exports in the oil production sector.

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Statistics

Angola is one of the largest producers of crude oil in Africa, ranking just behind Nigeria. In 2018, the volume was 3.5 million tons of refined products consumed. 80% of the products were imported, with 65% coming from China.

Submit Your Resume to the Odebrecht Group

To register your resume and stay updated on job openings in companies that are part of the Odebrecht group, simply Click this link. You will be redirected to a page where you will find the main companies of the Odebrecht Group, including OEC.

Odebrecht Group’s Vision for the Contract

According to Odebrecht, the contract closed between OEC and Cabinda Oil is essential to boost its project sector, as there was a significant decline when the group was implicated in the Lava Jato operation by the Federal Police between 2014 and 2015, impacting OEC’s operations in Brazil, Latin America, and Africa. The expectation is that this new project will bring better visibility to the controlling group.

Odebrecht Group Company Wins Contract to Build Oil Refinery Worth Over 900 Million Dollars in Angola

The Odebrecht Group Company Will Begin Construction of the Oil Refinery in Angola Between April and May

See Also

Capacity of the Oil Refinery in Angola

Statistics

Submit Your Resume to the Odebrecht Group

Odebrecht Group’s Vision for the Contract

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Odebrecht Group Company Wins Contract to Build Oil Refinery Worth Over 900 Million Dollars in Angola

The Odebrecht Group Company Will Begin Construction of the Oil Refinery in Angola Between April and May

See Also

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