Sonangol taps Standard Chartered for Lobito refinery

Angola’s state-owned Sonangol EP has selected Standard Chartered Bank UK to provide financial consulting for the construction of its Sonaref refinery at Lobito in Angola’s Benguela Province.

As financial advisor, Standard Chartered will provide economic modeling for the project, including the development of the funding strategy, budget planning, risk management, auditing, and adjustments to the fiscal and trade matrices, Sonangol reported.

The Lobito refinery, on which construction began in December 2012 (OGJ Online, Dec. 2, 2013; Aug. 20, 2009), will have a processing capacity of 200,000 b/d, with commissioning to take place sometime between 2017-18, Sonangol said.

Related Articles

Petron advances Bataan refinery revamp

10/14/2014 Petron Corp., Mandaluyong City, Philippines, has started up major units that form part of the $2 billion Refinery Master Plan 2 (RMP-2) upgrade pro...

Exterran joins Woodford Express to build Oklahoma gas plant

10/14/2014 Exterran Holdings, Houston, will join Woodford Express LLC, a subsidiary of Xplorer Midstream LLC, Oklahoma City, to build a 210-MMcfd natural gas ...

Midstream unit awards North Louisiana gas plant contract

10/14/2014 PennTex North Louisiana LLC, a unit of PennTex Midstream Partners LLC, Houston, has selected UOP LLC, Des Plaines, Ill., to engineer, procure, and ...

Kurnell shuts as refinery to become fuel import terminal

10/14/2014 Caltex Australia Ltd.’s 135,000-b/d Kurnell refinery at Sydney has now become Australia’s largest fuel import terminal following the closure of ref...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected