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Click on the top to follow us Angola’s new Cabinda crude oil refinery is on track to start up later this year before ramping up to full first phase production of 30,000 bpd by July next year, the plant’s Chief Executive Marcelo Hofke said. With almost two-thirds of the construction completed, Cabinda is the most advanced of three new planned refineries, alongside an Eni-supported plant in Luanda being upgraded, that Sub-Saharan Africa's second-biggest oil producer is leaning on to cut imported refined products for domestic use. "The idea is to start commissioning by the end of this year...and we want to reach full production by the end of July," Hofke told Reuters. The first $473-MM phase of the modular refinery will produce naphtha, jet fuel, diesel and heavy fuel oil (HFO), with the naphtha and HFO destined for export markets because Angola did not have much use for them, he said. The first phase is expected to supply 10% of Angola’s domestic fuel market before doubling marke
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