Sonangol Ensures Fuel Supply Amid Middle East Conflict

Luanda: Angolan State-sponsored oil company Sonangol has assured the continuity of fuel supply to the national market, despite the ongoing war in the Middle East that has led to the closure of key global oil and natural gas routes. This assurance was provided by Sonangol's Director of Supplies and Purchasing, Alfredo Alberto, who emphasized that their operations are proceeding as planned to maintain Angola's energy stability and security.

According to Angola Press News Agency, Alfredo Alberto shared that the company's logistics program, which involves reception, storage, stock replenishment, and regular scheduling of new shipments, is functioning smoothly. This system is crucial for ensuring a steady fuel supply to the national market. Speaking on Angola's public radio station, Alberto conveyed a message of reassurance, stating that Sonangol is committed to efficient fuel storage and distribution management, ensuring normal market supply.

The war in the Middle East, primarily involving Iran, Israel, and the United States, has resulted in significant global ramifications. The conflict intensified following attacks on Iranian nuclear facilities and has expanded across several countries in the region.

Strategic routes like the Straits of Hormuz and Bab el-Mandeb, which handle a substantial portion of the world's oil and gas shipments, have faced closures and threats, leading to global energy price fluctuations. The conflict's impact extends to countries with North American military bases, including Bahrain, Kuwait, Saudi Arabia, Qatar, and the United Arab Emirates.

Since the conflict's escalation on February 28, the price of Brent crude oil, key to Angola's oil exports, has surged to US$119 per barrel.