Sonangol Says No Formal Stake Request From Botswana
Sonangol says Botswana has not formally requested a stake in the Lobito refinery despite recent reports. Angola is currently seeking $4.8 billion in funding.
Xurve View
Xurve View
State-owned oil company Sonangol has clarified that it has not received any formal communication from Botswana regarding a potential stake in the $6.6 billion Lobito refinery project in Angola. This statement follows reports suggesting the landlocked nation was interested in securing a 30% share in the facility, which is designed to process 200,000 barrels per day once operational.
