Angola’s rapid economic growth has boosted demand for petroleum products domestically. DT supplies imported products to meet the shortfall.
Angola is Africa’s second largest crude oil producer and exporter. Almost all of its production comes from offshore and deepwater fields. With just one small refinery built in 1955 the country currently imports most of its petroleum products.
These trading dynamics will change when a new refinery comes online in 2017. Angola will become a net exporter of refined products.
Angola also has substantial gas reserves, mainly in existing oil wells. Currently, most gas is vented, flared or re-injected into the wells. Angola’s largest ever investment, a new processing plant, is ratcheting up production.
crude oil exports 2012
domestic petroleum product consumption 2012
domestic refining capacity 2012