Angola's Sonangol in talks with China for $4.8 billion refinery loan

Angola's Sonangol in talks with China for $4.8 billion refinery loan 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. READ MORE : http://www.africanews.com/2026/02/26/angolas-sonangol-in-talks-with-china-for-48-billion-refinery-loan Subscribe on our Youtube channel https://www.youtube.com/c/africanews?sub_confirmation=1 and receive all the latest news from the continent. Africanews is available in English and French. Website : www.africanews.com Facebook : https://www.facebook.com/africanews.channel/ Twitter : https://twitter.com/africanews #AfBusiness