Angola's Sonangol in talks with China for $4.8 billion refinery loan
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Source: AfricaNews
Published: 2026-02-26 23:57 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Asia, Energy, Economy & Finance, China, Business & Economy, Asia Pacific
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Snippet:
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.
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