Eni & Sonangol to Update Plans for Lobito Refinery

Source: Reuters 12/19/2015, Location: Africa

Italy's Eni and Angolan state oil company Sonangol have agreed to update their plans for Sonangol's Lobito refinery, Eni said in a statement. The Italian oil major's chief executive Claudio Descalzi met Sonangol's chairman Francisco da Lemos Maria in Luanda and the two signed an agreement to "upgrade the current plans" for the refinery in southern Angola, the statement said.

The Lobito site was originally due to be completed by 2011, but the project was delayed by rising costs and financing problems.


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