Angola plans to launch a renewable energy auction that could help reduce reliance on oil, after one of its worst fuel shortages in May, energy secretary Antonio Costa said on Tuesday. Africa’s second-largest crude producer relies on imports for 80% of its demand for refined products such as petrol and diesel, despite pumping out around 1.5 million barrels of oil per day. Last month’s shortage was one of the worst in years, causing long queues at petrol stations but Costa told an Africa Energy Forum in Lisbon that the situation had normalized. “Our goal now is to stop Angola from exporting all crude oil and to produce oil derivatives which bring added value to the country and its economy,” he added. The country was also looking at renewable energy, Costa said, adding it would soon launch an auction for 500MW of renewable […]