Sonangol has selected Totsa Total Oil Trading and Trafigura to supply gasoline and diesel to the country over the next 12 months.
The two companies were awarded following an international public tender launched on 27 February 2019.
The Angolan state hydrocarbon company explains that Totsa Total Oil Trading will supply gasoline and Trafigura will supply diesel and marine diesel for the navy throughout the tenor of the award.
The two companies were selected from a group of nine that submitted bids – BB Energy, BP, ENI Trading & Shipping (ETS), Glencore, Gunvor, Litasco and Vitol and Totsa Total Oil Trading and Trafigura.
Angola has a limited refining capacity of 57,000Barrels of oil a day from the 61 year old Luanda Refinery, even though the country produces around 1.5Million Barrels of oil a day and is Africa’s second largest crude oil producer.
In early May 2019, the city of Luanda faced a fuel crisis, which led to gasoline price speculation at some filling stations as well as on the informal market, where the price of fuel tripled to 500 kwanzas per litre.
The Board of Directors of Sonangol was dismissed as a result of the scarcity.
