Fri, 08 Nov 2019 19:49 - Updated Fri, 08 Nov 2019 19:41
Minister wants effective use of Pumangol fuel base
Luanda - Minister of Mineral Resources and Oil, Diamantino Azevedo, called on Friday for an urgent agreement between Sonangol and Pumangol for the start of the effective use of Pumangol's fuel base in Luanda.
Send by email
To share this news by email, fill out the information below and click Send
To report errors in the texts of articles published, fill out the information below and click Send
Minister of Mineral Resources and Oil, Diamantino de Azevedo.
Photo: Nelson Malamba
Speaking to journalists, after a successful meeting with the management of the two companies, the official wants to see both parties fulfill the promises made during the meeting.
The US $ 500 million investment base, where Sonangol holds close to 27%, has a storage capacity of close to 300,000 cubic meters of petroleum products, being used at only 20%.
According to the Minister, these are modern facilities that are practically unused.
“The process of using the facility has begun at a very low level, but we have been promised that by April 2, 2020, everything will be completed and the facility will be used within its full capacity” , he said.
According to him, the State spends more on the use of floating storage than on land, considering the storage capacity at sea is still considerable, around 340.000 cubic meters.
In his turn, Sonangol's CEO, Sebastião Martins, said that increasing production has to do with the tasks that must be performed upstream and that the State is doing as a national company to identify the areas that have potential for increase production levels.
On the other hand, Pumangol's Managing Director Patrício Echavago ensures that, due to infrastructure, technology and capabilities, he has been investing heavily in human capital, with its workforce and management teams being largely Angolans.
- 10/07/2019 13:39:00
Luanda - Belarus intends to provide a wide range of machines, seeds and other agricultural inputs to aid strengthening Angola's agriculture and diversification of economy, so it is currently taking part in the 35th edition of Luanda International Fair (FILDA) opened Tuesday.
- 05/08/2018 11:21:43
Luanda - Fisheries minister Vitória de Barros Neto on Saturday appealed for fishmongers to use again the facilities that the ministry has built in the Mabunda area of the Samba district, as it has all the hygienic and sanitary conditions for commercialization and handling of fish.
- 16/05/2016 07:53:20
Luanda - The vice governor of Luanda Province for economic matters, José Cerqueira, last Sunday called on entrepreneurs to be committed to the activities turned to the country's development.