The society National Fuel Company of Angola (Sonangol), closes, next Wednesday, its first public tender, for the purchase of refined petroleum products, with a view to expanding its import base.
The oil company needs a company to supply 1.2 million tons of gasoline, 2.1 million tons of diesel, in addition to 480 thousand tons of fuel for ships, according to the Reuters news agency.
The tender for the purchase of refined products signals a step towards the reform of the Angolan oil industry, according to Reuters. “The real liberalization of the market is yet to come, as Sonangol continues to be a monopoly importer,” said a news agency source.
With this tender, the Angolan multinational is committed to reforming the oil industry, in the face of economic challenges. Angola largely depends on the sale of oil to raise revenue for the General State Budget.
The fall in oil prices on the international market in 2014 caused a recession in the economy and created a shortage of foreign currency, mainly the dollar, reducing imports of goods and services.