Investment in the Luanda Refinery Yet to Reduce Import Dependence

Image: DR

The most recent data indicate that in 2025 the volume of imported fuel increased by 22% compared to the previous year, although total acquisition costs fell by approximately 216 million dollars.

The investment of more than 235 million dollars in the new Luanda Refinery complex, inaugurated in 2022, has yet to produce the expected impact in reducing the country’s dependence on fuel imports.

According to the latest figures, in 2025 the quantity of fuel imported rose by 22% year-on-year, even though total procurement costs declined by around 216 million dollars. The Petroleum Derivatives Regulatory Institute (IRDP) has not clarified the reasons behind the discrepancy between higher volumes and lower overall spending.

Historical data show that in the year the new complex was inaugurated, imported products accounted for just over 69% of national consumption — the lowest share recorded since 2022. By contrast, in 2025 import dependence climbed to 73%, the highest level in the period under review.

Jornal Valor Económico, 25/02/2026