Angolan Mining Oil & Gas published on 26 February 2026 an article titled "Sonangol Seeks $4.8 Billion Loan from China to Fund Lobito Refinery Expansion" by Makungu Coco.
Sonangol, Angola's state oil company, is pursuing a $4.8 billion loan from Chinese financial institutions to accelerate construction of its new refinery at the Atlantic port of Lobito. This would be Sonangol's first major loan from China in seven years.
