AIPEX and Quanten Consortium Angola sign investment contract to build Soyo refinery

Image: DR

Private Investment and Export Promotion Agency (AIPEX) and Quanten Consortium Angola, LLC, inked last week in Luanda, an investment contract for construction and operation of the Soyo refinery, in Zaire province, for conversion of 100,000 barrels per day of crude oil.

The external project (United States) is budgeted at $ 3,5 b and expects to create 900 direct jobs, 77% (700) of which are for nationals, according to a statement from AIPEX.

The statement also added that the project is in line with the new private investment policy and responds to various objectives identified in the National Development Plan (PND) running between 2018-2022, ensuring the achievement of several objectives.

Among the objectives, AIPEX adds, is that of reducing/replacing imports and promoting employment and qualification of the national workforce.

AIPEX as the State’s representative will provide the private investor with the necessary institutional support through monitoring mechanisms, in articulation with the other State bodies involved in private investment.

08/11/2022