Cabinda oil refinery

Angola is heavily reliant on imported refined products, despite exporting 90% of its own crude with no value creation. Local production covers only 20% of consumption and there is limited domestic refining capacity.

A partnership between Gemcorp (90%) and Sonangol (10%) for a new oil refinery in Cabinda operated by Imbono. The Cabinda Oil Refinery was inaugurated in September 2025 – producing 30,000 barrels per day in the first phase and moving to 60,000 barrels per day* in the second phase.

Cabinda will increase refined products supply, adding value to Angolan crude. Reduced imports should expand foreign reserves, and the refinery will create thousands of jobs – a major boost for Angola’s energy security.

Restoring a failing water treatment facility in Angola, guaranteeing a reliable supply of safe drinking water to millions of people and delivering savings on future health costs.

Creating a new hub for industrial agriculture of maize, soybeans, and beans, making a significant contribution to regional employment, sustainable farming, and Angola’s food security.