Angola's Sonangol in talks with China for $4.8 billion refinery loan

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Published Feb 26, 2026

Angola's Sonangol in talks with China for $4.8 billion refinery loan

Angola's state-owned oil company Sonangol announced Wednesday it is negotiating a $4.8 billion loan with Chinese financial institutions to partially finance a new refinery in the Atlantic port of Lobito, marking the country's first such borrowing from China since 2017.

READ MORE : http://www.africanews.com/2026/02/26/angolas-sonangol-in-talks-with-china-for-48-billion-refinery-loan

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