Angola’s Cabinda oil refinery is set to start production by April, as it finishes its very first stage simply ahead of schedule but over spending plan, the CEO of Gemcorp Holdings Minimal, the job’s greatest shareholder, told Reuters on Tuesday.

The refinery will be commissioned in January-February, with its very first products of fuels reaching the regional market in March-April, Atanas Bostandjiev, founder and chief executive of Gemcorp, stated on the sidelines of the Financial Times Africa Summit. The company owns 90% of the refinery.

The brand-new job, which will be Angola’s 2nd oil refinery, will assist make sub-Saharan Africa’s No. 2 oil manufacturer less reliant on costly fuel imports, especially as Angola aims to eliminate fuel aids.

The greenfield project will refine Angolan Cabinda crude,. supplied by state-controlled Sonangol at a rate of 30,000. barrels daily (bpd), and will supply 5-10% of the country’s. needs, Bostandjiev said. Sonangol is a 10% investor in the. project.