Angola Seeks Chinese Funds for Refinery, Air Force Base

The port of Lobito in Angola.

Photographer: Eric Lafforgue/Art in All of Us/Corbis News/Getty Images
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Angola seeks financing from China or private investors to build a refinery at the port city of Lobito, a petrochemical plant and a military air force base, President Joao Lourenco said.

The southwest African nation also wants to attract investors from China for its oil blocks, Lourenco said in excerpts of a speech published in the Luanda-based Jornal de Angola.