Construction project Lobito Refinery: Hiring Financial Advisor

abarrelfullabarrelfull wrote on 10 Jun 2014 08:39

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Monday, December 2, 2013

Sonangol EP, announces that following the implementation of the project to build the refinery in Lobito, and aiming at the completion of their functional support structure, the national concessionaire shall retain the specialized services of Standard Chartered Bank for financial consulting project.

As financial advisor, Standard Chartered Bank, held among other activities, the economic modeling of the project, the development of the funding strategy, budget planning, risk management, auditing the key elements of the project as well as the adjustment to the fiscal and trade matrix.

Lobito Refinery, whose works of construction of infrastructure support started in December 2012, will have a processing capacity of 200,000 barrels of crude oil, and a production of about 10 MTA has its scheduled completion for the period 2017/2018.

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