The Angolan Ministry of Mineral Resources and Petroleum (MIREMPET) has granted the Quanten Consortium the right to Build, Own and Operate (BOO) the 100,000 barrels of oil per day refinery in Soyo, Zaire Province, the northeastern province of Angola.
The tender for the $3.5 billion refinery started in 2019 with thirty-one companies expressing interest in delivering. The American led consortium’s proposal clinched the ultimate prize above seven others, including Atis Nebest-Angola, SDRC, Jiangsu Sinochem Construction Co., Tobaka Investment Group, Satarem, Gemcorp Capital, China Petroleum Pipeline (CPP) Engineering Firm, and the consortium formed by CME, Aida and VSF.
The refinery is to begin production in 2024 and it is one of the three refinery projects with a combined capacity of 350,000 BOPD that the Angolan government hopes to be producing by 2025.
Work is also ongoing at two other refineries which are:
- The construction of a 60,000BOPD refinery in Cabinda
- Construction works at the Luanda Refinery, an existing crude distillation facility that is undergoing an upgrade that will increase the current output of gasoline from 72,000 tons to 450,000 tons per year.
Quantum Consortium is an American Group that aims to identify high impact use cases and applications for quantum-based technologies, identify gaps in enabling technologies, standards and performance metrics, and workforce that needs to be filled to realize diverse applications, work with stakeholders in industry, academia and Government to fill technology, standards and workforce gaps.
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