Angola’s Sonangol Aims to Bridge $4.8B Gap for Lobito Refinery
In the bustling economic landscape of Angola, Sonangol, the nation's state-owned oil company, is entering a pivotal phase. They're deep in negotiations with both Chinese and European banks, aiming to bridge a $4.8 billion gap crucial for the Lobito refinery project. This initiative is not just a financial maneuver; it's a transformative leap towards energy independence. Imagine a refinery equipped to process a staggering 200,000 barrels of crude each day, reshaping Angola’s energy sector. According to Reuters, this…