Cabinda Refinery Secures Platinum Sponsorship for AOG 2026 Amid Strategic Phase 2 Expansion

The Cabinda Refinery has confirmed Platinum Sponsorship of the Angola Oil and Gas (AOG) Conference and Exhibition 2026, positioning itself at the centre of Angola’s downstream investment conversation as it advances planning for a second phase that will double its processing capacity.

AOG 2026 takes place on 9 and 10 September in Luanda, with a pre-conference day on 8 September.  The Cabinda Refinery’s elevation to Platinum level having participated as a Bronze Sponsor at AOG 2025 reflects the refinery’s transition from a project under construction to an operational facility with an active expansion agenda.

Refinery Begins Operations, Eyes Capacity Doubling

Developed by national oil company Sonangol, holding a 10% interest, and investment manager Gemcorp, which holds 90%, the Cabinda Refinery was built at a cost of $473 million and represents Angola’s second operational refining facility, the first constructed in the country in 50 years. 

Phase 1 operations commenced in September 2025 at a capacity of 30,000 barrels per day, with financing provided by the Africa Finance Corporation, the African Export-Import Bank, BADEA, IDC, and BFA.  The facility produces diesel, jet fuel, heavy fuel oil, and naphtha, with Sonangol supplying crude feedstock and receiving refined products in return. 

Phase 2 Engineering Underway, $700 Million Investment Required

Engineering works for Phase 2 are underway and are scheduled to run through October 2026, after which a construction tender will be issued. The second phase will increase output to 60,000 barrels per day, with operations targeted for 2027. Total investment required for Phase 2 stands at $700 million. 

The milestone opens a direct opportunity for international investors seeking downstream exposure in Angola, with AOG 2026 serving as the primary platform to connect capital to the project.

AOG 2026 as a Strategic Financing Platform

Angola is advancing a national strategy centred on sustaining crude output above one million barrels per day, making the alignment between upstream production growth and domestic refining capacity increasingly critical. 

Angola is also working toward bringing the 200,000-barrel-per-day Lobito refinery online in 2027 and continues preparations to develop the 100,000-barrel-per-day Soyo facility, with foreign investment being sought for both projects.  The Cabinda Refinery’s Phase 2 expansion fits within this broader national downstream build-out, one Angola hopes will reduce dependence on imported refined products and retain more hydrocarbon value within its own borders.

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