Towards advancing on plans for the completion of the Lobito refinery site, that was postponed due to rising costs and financing problems, Sonangol has announced that it has signed a contract with Eni.

Under the contract, Eni is to provide its expertise in the downstream sector to complete the site, which was supposed to have been completed four years ago.

The two companies have agreed to increase demand on investments in the exploration sector, especially in the operated Block 15/06 for the development of the West and East centers.

Current discussions also included the current appraisal of the gas resources in the Lower Congo Basin which are estimated to help in increasing domestic energy supplies and diversify the Angola’s economy, Petroleum Africa reports.