Angolan oil refinery can boost public finances, says Gemcorp – The Africa Report
Angolan oil refinery can boost public finances, says Gemcorp – The Africa Report
Angola’s oil refinery under construction in Cabinda can help bolster the country’s public finances by reducing pressure on foreign exchange reserves, Gemcorp CEO Atanas Bostandjiev told The Africa Report. It is “not economically viable” for Angola to export crude oil and then import refined products, says Bostanjiev. “It creates a hard currency drain.” The project […]
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