Entity

Cabinda Refinery Corporation is a joint venture project company established in 2020 to develop and operate Angola's first privately-developed oil refinery since independence. The company represents a pioneering public-private partnership between UK-based investment firm Gemcorp Holdings Limited (90% ownership) and Angola's national oil company Sonangol E.P. (10% ownership).

Cabinda Refinery Corporation operates under a unique processing fee business model that maintains Angolan sovereignty over petroleum resources. Under this arrangement, Sonangol supplies all crude oil feedstock and retains ownership of refined products, while the Corporation charges processing fees for refining services. This structure allows Angola to leverage private investment and operational expertise while maintaining strategic control over its energy resources.

The company's 30,000 barrel-per-day Phase 1 facility was inaugurated in September 2025, with commercial operations expected by year-end 2025. The Corporation plans a Phase 2 expansion to double capacity to 60,000 barrels per day, positioning it to supply approximately 20% of Angola's refined product demand and significantly reduce the country's dependence on petroleum product imports.