Angola’s rapid economic growth has boosted demand for petroleum products domestically. DT supplies imported products to meet the shortfall.
Supplying high quality grades of essential petroleum products.
Angola is Africa’s second largest crude oil exporter, but the country has limited refining capacity. That – along with buoyant domestic growth – triggers frequent shortages in clean petroleum products.
DT trades crude and petroleum products with Angola’s State energy company Sonangol. We trade gasoil, jet fuel, bitumen and some naphtha.
We deal directly with Trafigura and benefit from its global reach. Responsibility for sourcing and risk management remains with its specialist trading desks.
Flexibility was a key requirement when the trading tender was awarded. Sourcing product through Trafigura allows us to respond rapidly to trading requests.
In Angola, Trafigura Group businesses have developed infrastructure and logistics that support our trading activities. Puma Energy retails our imported products at 78 service stations. A great part of the gasoil we sell is used for bunkers and delivered by DT-owned, Puma-operated barges.
We have built strong trading relationships in the bitumen market by offering an integrated service. Our specialist vessels supply bitumen to Puma Energy storage facilities in Luanda and Lobito. Puma’s bitumen distribution network in Angola has so far enabled to build over 120 million m2 infrastructure in Angola.
Angola is Africa’s second largest crude oil producer and exporter. Almost all of its production comes from offshore and mostly from its deepwater fields. With just one small refinery built in 1955 the country currently imports most of its petroleum products.
These trading dynamics will change once a new refinery is built. Once that happens Angola will become a net exporter of refined products.
Angola also has substantial gas reserves, mainly in existing oil wells. Currently, most of the gas produced in the production fields is piped to the Angolan LNG plant in Soyo, Angola´s largest oil industry onshore investment.
crude oil exports 2017
domestic petroleum product consumption 2012
domestic refining capacity 2014