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Thu, 05 Dec 2019 19:26 - Updated Thu, 05 Dec 2019 19:25

Luanda licenses oil sector entrepreneurs

Luanda - The Petroleum Derivatives Regulatory Institute (IRDP) has provided application forms for municipal administrations to start licensing, starting on December 16, entrepreneurs interested in trading oil by-products.

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The licensing models for businesspeople were made available during the training seminar for Luanda province's municipal administration officials, as part of the transfer of some skills related to the oil sector.

Luanda was the only province that did not license traders for this type of commercial activity, unlike the remaining 17 provinces that have issued licenses since 2013.

For gas stations, municipal administrations will license citizens interested in building and operating gas stations with a capacity of 200 cubic meters or less.

Administrations will now issue licenses for the sale of retail lubricants, butane gas, illuminating oil and resale of diesel for industrial consumption and gasoline only in tanks with a capacity of 200 cubic meters.

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