Standard Chartered Bank to Move Angola's Lobito Refinery Project Forward

JOHANNESBURG--February 26, 2014--Written by Richard Finlayson, Senior International Editor for Industrial Info Resources (Sugar Land, Texas)--Angola's Lobito refinery project in Benguela province has been "under construction" since 2002, but preparations for construction began in earnest at the end of 2012. At the end of 2013, the state-owned oil company Sonangol (Luanda) appointed Standard Chartered Bank U.K. (LSE:STAN) (London, England) to provide financial consulting for the construction of the refinery. Other companies featured: KBR Incorporated (NYSE:KBR)