Bilateral trade between Angola and China totalled $36 billion

refinaria

Bilateral trade between Angola and China totalled nearly $36 billion last year, according to the Chinese customs services, revealed news agency France Press.

The newswire from AFP, quoted by several international media,also mentions that “Sonangol will benefit from a new $2 billion line of credit from the Chinese Development Bank to finance new projects” as revealed yesterday by a press relase issued by the Angolan oil company.

This investment is focused on the financing of Sonangol’s plans for expansion in oil and gas, and among the first projects is a new refinery in Lobito, southern Angola, due to begin next year.

“During a state visit to Angola by Chinese Prime Minister Li Keqiang in May”, as AFP remebers, “the Chinese PM and President Jose Eduardo dos Santos pledged to diversify their cooperation, currently concentrated in the construction sector”.

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