Norway’s Statoil Hydro to produce biodiesel in Angola

April 29, 2008

In Angola, Norwegeian oil company StatoilHydro announced a partnership with Sonangol to produce biodiesel, as soon as Angolan legislation clears the way for the venture. Capacity and timelines were not disclosed; Statoil has been long active in Angolan oil exploration.

Last year, in another Portuguese-language development, StatoilHydro and Brazil’s Petrobras signed an agreement for joint biofuel ventures. The involves both development opportunities in Brazil and internationally. The two state-owned energy companies are partners on oil projects in Brazil, Nigeria and in the Gulf of Mexico. The partnership will include investment in Brazilian biofuel projects.

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Written by Jim Lane · Filed Under International