Lobito Refinery Project

Summary Information Ownership: Sonangol Website: http://www.sonangol.co.ao/ Wiki Page: Lobito Refinery Location: About 8 km north of Lobito, Benguela, Angola Capacity: 10.0 million tons/annum & 200,000 bbl/day Nelson Complexity: Project Stage: Engineering Expected Completion: Commissioning is expected in 2018 Budget: The Project Project Type: Greenfield Project Summary: The refinery will be a medium to large sized plant, with high complexity. Main Contractors: KBR: FEED KBR: License and engineering services for grassroots FCC and Hydroprocessing technologies Refining Units Atmospheric Distillation Vacuum Distillation FCC Hydrocracker Diesel Hydrotreating (DHT) Kerosene Hydrotreating (KHT) Terminal Capacity Crude Oil: Refined Products: Crude Supply The refinery will process acid Angolan crudes (high percentage of TAN) and heavy crudes such as Kuito Crude and Dalia Crude Products Produced Unleaded gasoline, diesel, jet fuel (Jet1), illuminant oil, LPG and limited quantities of sulfur and petrocoke. The specifications of the products processed will match those of the export target markets which include Europe and the USA. History 2007 - Sinopec drops out of project 2008 - KBR awarded FEED contract 2009 - KBR wins unit licence contracts 2013 - Sonangol chooses Standard Chartered Bank for financial consulting 2014 - Sonangol and China Development Bank signed financing agreement Other Information Construction is expected to start in 2015 Relevant Links Project Information from Sonangol Sonaref Project, Downstream Today KBR Awarded Lobito Refinery FEED Contract by Sonangol, E.P. KBR Awarded FCC and Hydroprocessing Technology Contract for Sonangol, E.P. Refinery Construction project Lobito Refinery: Hiring Financial Advisor Sonangol and China Development Bank signed important financing agreement