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Imports of refined oil costs USD 689 million

     Economy              
  • Luanda • Thursday, 01 August de 2024 | 02h14
Bombas de combustíveis
Bombas de combustíveis
Domingos Cardoso - ANGOP

Luanda - One million 144,642 metric tons (MT) of petroleum products were purchased by companies operating in this market in Angola during the 2nd quarter of this year, of which 63.8% of refined products came from imports, valued at about US$689 million.

According to the Regular Institute of Petroleum Derivatives (IRDP), of the total amount of refined products (liquid fuels) purchased, 35.4% came from the Luanda Refinery and 0.8% from Cabgoc – Topping de Cabinda.

 Reviewing the activities of the downstream oil by-products market on Wednesday in Luanda Province, the deputy director general of the IRDP, António Feijó, said that around 59.4% of the quantity of fuels corresponded to Diesel, 22.2% to Petrol, 12.3% to Ordoil Fuel, 3.8% to Jet-A1, 1.2% to Asphalt Bitumen and the remaining 1.1% to Illuminating Oil.

The official noted that the quantities purchased in the period represented a reduction of approximately 8% compared to the previous quarter.

 He also pointed out that the country had an installed storage capacity for liquid fuels on land of 675,968 cubic metres (m3).

 According to António Feijó, at the end of the quarter there were also 1,168 petrol stations (PA), of which 896 were operational.

 Of the total number of APs, 329 belong to Sonangol Distribution and Marketing (36.7%); 82 Pumangol (9.2%); 60 Sonangalp (6.7%); 50 Total Energies Marketing Angola (5.6%); 3 Etu Energias (0.3%); and 372 White Flag - Private Agents (41.5%).

According to the source, the overall sales volume of the various business segments, i.e. retail (B2C), consumer (B2B) and bunkering, in the period under review totalled approximately 1,219,835 MT, an increase of around 3% on the previous quarter.

Regarding the market share in terms of sales volume, he said that remained the leader, with 62.3%, followed by Pumangol (21.9%), Sonangalp (7.2%), Total Energies Marketing Angola (6.6%) and Etu Energias (1.7%).

 Gaseous fuels

 In the period under review, around 137,973 MT of cooking gas (LPG) were introduced onto the domestic market, of which 58.3% came from Angola LNG Factory, 33.4% from Sanha, 6.1% from the Luanda Refinery and 2.2% from Cabinda Topping.

 Compared to the previous quarter, there was an increase of approximately 21% in the purchase of LPG for the domestic market. In this segment, the country had an installed onshore storage capacity of 11,727 MT.

 Regarding the Sales, it totalled 139,560 MT, up 38% compared to the previous quarter.

 In this segment, Sonangol Gas and Renewable Energies led market sales with a 71.9% share, followed by Saigás with 14.1%, Progás (5.9%), Gastém (5.6%) and Canhongo Gás (2.6%).

 The provinces that consumed the most LPG were Luanda (63.3%), Benguela (8.8%), Huíla (5.7%), Huambo (4.3%) and Cabinda (3.0%), accounting for approximately 85% of national consumption.

Lubricants

 Lubricants totalled around 9,522 MT sold on the domestic market by the main companies, representing an increase of approximately 19% on the previous quarter.

 Of the total volume sold, 2,334 MT came from domestic production, corresponding to 25%, and the remaining 7,188 MT came from imports, corresponding to 75%.

 Sonangol Distribution and Marketing led sales in the lubricants market in the period under review, with a share of around 24.5% of the total, followed by Chinangol (9.8%), Lubritec (9.4%), Sonangalp (7.6%) and Jambo (6.4%), rounding off the top 5 in this market. QCB/MRA/DOJ

 





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