Project Cost: $6.6B | Capacity: 200K b/d | Completion: 2028 | Construction: 42% | Chinese Debt: $3.5B | Jobs Created: 8,000+ | EPC Lead: Gemcorp | Products: 5 | Project Cost: $6.6B | Capacity: 200K b/d | Completion: 2028 | Construction: 42% | Chinese Debt: $3.5B | Jobs Created: 8,000+ | EPC Lead: Gemcorp | Products: 5 |

Economics — Lobito Refinery

Economics section of Lobito Refinery intelligence platform.

Crude Supply Logistics — Angolan Grades, Pipeline vs Tanker Feed, Optimization

Analysis of crude oil supply logistics for the Lobito Refinery — Angolan crude grades (Girassol, Dalia, Plutonio), pipeline versus tanker delivery options, crude diet optimization, and supply security considerations.

Updated Mar 22, 2026

Domestic Fuel Pricing — Price Caps, Subsidy Costs, Deregulation Timeline, and Consumer Impact

Analysis of Angola's domestic fuel pricing regime — regulated price caps, subsidy costs and fiscal burden, the deregulation timeline, consumer impact scenarios, and implications for the Lobito Refinery's commercial viability.

Updated Mar 22, 2026

Downstream Value Chain — Distribution, Retail, LPG, and Petrochemical Opportunities

Analysis of downstream value chain opportunities beyond the Lobito Refinery — product distribution and retail, LPG bottling and distribution, petrochemical derivatives, and industrial integration.

Updated Mar 22, 2026

Employment Multiplier — Direct, Indirect, and Induced Jobs, GDP Contribution

Comprehensive analysis of the Lobito Refinery's employment impact — direct construction and operational jobs, indirect supply chain employment, induced economic activity, fiscal revenue generation, and GDP contribution.

Updated Mar 22, 2026

Energy Security Contribution — Strategic Reserves, Supply Resilience, and Import Reduction

Analysis of the Lobito Refinery's contribution to Angola's energy security — strategic petroleum reserve capability, supply disruption resilience, import dependency reduction, and national security implications.

Updated Mar 22, 2026

Import Substitution Analysis — 130-145K bpd Imports, $3-4B Annual Cost, and Lobito's Impact

Comprehensive analysis of Angola's refined product import dependence — 130,000-145,000 bpd of imports costing $3-4 billion annually, the Lobito Refinery's import substitution impact, foreign exchange savings, and the path to self-sufficiency.

Updated Mar 22, 2026

Lobito vs Cabinda Refinery — Scale, Cost, Timeline, and Strategic Comparison

Comparative analysis of Angola's two major refinery projects — Lobito versus Cabinda, comparing scale, capital cost, construction timeline, ownership structure, financing approach, and strategic positioning.

Updated Mar 22, 2026

Product Demand Forecast — Gasoline, Diesel, Jet Fuel, and LPG Growth to 2035

Detailed forecast of Angola's refined product demand — gasoline, diesel, jet fuel, and LPG consumption projections through 2035, growth drivers, demand elasticity, and implications for the Lobito Refinery's market.

Updated Mar 22, 2026

Refinery Margin Analysis — Crack Spreads, Processing Costs, and EBITDA Potential

Detailed analysis of the Lobito Refinery's margin structure — crack spreads for Angolan crude, processing cost structure, feedstock advantage, EBITDA potential across market scenarios, and comparison with regional refining margins.

Updated Mar 22, 2026

Regional Export Potential — Zambia, DRC, Zimbabwe, and Malawi Market Analysis

Analysis of regional export opportunities for the Lobito Refinery — refined product demand in Zambia, DRC, Zimbabwe, and Malawi, logistics corridors, pricing competitiveness, and market entry strategy.

Updated Mar 22, 2026
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