LUANDA, Feb. 10 (Xinhua) -- A fuel storage terminal in Angola's northern province of Bengo was inaugurated on Monday and is expected to increase the country's onshore storage capacity for diesel, gasoline and other refined petroleum products by more than 80 percent.
The Barra do Dande Ocean Terminal, a strategic infrastructure project owned by the state-run oil company Sonangol, has an initial storage capacity of 580,000 cubic meters. Built at a cost of 642 million U.S. dollars, the facility was constructed by the Brazilian company Odebrecht Engineering and Construction.
Before the new terminal became operational, Angola's onshore fuel storage capacity stood at 676,968 cubic meters, according to an October 2024 report by the Angola Petroleum Derivatives Regulatory Institute.
Despite being one of Africa's major crude oil producers, Angola still imports about 70 percent of its fuel supply. Enditem
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