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.
Friday 6 March 2026
africanews - 8 days ago
Angola s Sonangol in talks with China for $4.8 billion refinery loan
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