The purchase of 1.2 million metric tons of oil derivatives for trading consumed US$803 million in the first quarter of this year, an increase of 3% compared to the previous period.
Of the amount acquired for sale, features about 48.2 percent in diesel, 35.3 percent gasoline, 9.4 percent fuel oil, 5.5 percent jet A1, 1.3 percent kerosene and the remaining 0.2 percent asphalt.
Also of the acquisitions made, according to a summary presented Friday by the Oil Derivatives Regulatory Institute (IRDP), 64 percent imported, with 35 percent from the Luanda refinery and 1 percent from the Cabinda Golf Company-Topping de Cabinda.
In Angola, three new refineries are under construction to process crude oil in Cabinda (60,000 barrels/day), Soyo (100,000/day) and Lobito (200,000/day), which will impact on the reduction of current volumes of imported refined products.
In the period under review, according to figures presented by the director-general of IRDP, Luís Fernandes, the country had an installed capacity to store liquid fuel of 675,968 cubic metres on land.
There were 904 filling stations in an operational state, of which 336 belonged to Sonangol Distribuição e Comercialização (37 percent), 79 belonged to Pumangol (9 percent), 54 for Sonangalp (6 percent), 51 to TEMA-Total Energies Marketing Angola (5.6 percent) and a further 384 were white-flagged private agents (42.4 percent).
Despite the number of filling stations available, 40 of the country’s 164 municipalities lack these services, according to IRDP’s mapping.
Sales volume and market share
Overall sales of the various business segments retail (B2C), consumption (B2B) and bunkering were 1.1 million metric tons, a decrease of about 7% compared to the 4th quarter of 2022.
In terms of market share in sales volume, Sonangol Distribuição and Comercialização remains in the lead with about 62%, followed by Pumangol (21%=, Sonangalp (9%) and Total (8%).
Angola LNG feeding the market
Of the 96,091 metric tons (MT) of cooking gas (LPG) introduced into the domestic market, the Angola LNG factory supplied 90 percent of the total. The other quantities were from the Luanda Refinery (6%) and Topping de Cabinda (4%).
The country had an installed onshore storage capacity of 10,927 MT and sales of gaseous fuels were around 108,640 MT, down 6%.
Sonangol Gás e Energias Renovaveis leads the market in this segment with a 79% share, followed by Saigás (11%), Progás and Gastém (4%) and Canhonho Gás (2%).
The range of oil derivatives also includes lubricants, whose volume of acquisitions was around 8,379 MT commercialised in the domestic market.
Of the total volume commercialised, only 1,543 MT were of national production, corresponding to 18% and the remaining 82% were imported.
The provinces of Luanda, Benguela, Huila, Huambo and Cabinda represent the “top five” with a total of 81% of national consumption.
Source: Angola Press News Agency (APNA)
