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Economy

  • Sonangol, Equinor sign oil exploration Memo
    Tue, 26 Jun 2018 16:27

    Sonangol, Equinor sign oil exploration Memo

    Luanda - Angola’s Oil company "Sonangol" signed a Memorandum of Understanding with Norwegian state oil company Equinor (ex-Statoil) enabling the latter to continue investing in exploration and rise of the oil production in Angola.

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  • Wed, 20 Jun 2018 12:02

    Angola to attend OPEC meeting in Vienna

    Luanda - Angola is to attend a meeting of the members of the Organization of Oil Producers and Exporters (OPEC) and independent producers, on April 23 in Vienna, Austria.

  • Mon, 18 Jun 2018 11:53

    Somoil Company renews 300km of crude oil pipelines

    Soyo - About 300 kilometres of a network of crude oil transportation pipelines, managed by the Angolan Oil Society (Somoil) in Soyo Municipality, northern Zaire Province, were renewed by the mentioned company in the past ten years.

  • Sat, 16 Jun 2018 15:04

    Angolan ambassador discuss foreign investment in Italy

    Rome - The Angolan government is creating propitious conditions to diversify the country?s economy so as to lure foreign investments and create jobs, especially for youths, said on Friday in Rome Angola?s ambassador to Italy, Florêncio de Almeida.

  • Sat, 16 Jun 2018 14:34

    Angola to get 1.2 million tons/year of oil from TOTAL

    Luanda - The French oil company TOTAL will supply 1.2 million tons of oil per year to the Angola state oil company (Sonangol) to meet the needs of the country?s domestic market.

  • Mon, 11 Jun 2018 09:39

    Brent opens low in London Monday

    London - Brent crude kept in stock for delivery in August opened low in London's Futures Market on Monday, with the barrel being traded at USD 76.31.

  • Mon, 04 Jun 2018 17:54

    Total E&P Angola takes over Block 48 operations

    Luanda - The Oil company Total E & P Angola is taking on the exploration, research, development and production of liquid and gaseous hydrocarbons from Block 48, whose mining rights were previously granted to the national concessionaire.

  • Tue, 29 May 2018 11:11

    France: Total announces end of layoffs in Angola

    Paris - The director general of Total Angola EP, Laurent Maurel, announced in Paris that the company is in a position to put an end to the process of dismissal of employees in the Angolan territory.

  • Mon, 16 Apr 2018 13:25

    Primagest was never part of Sonangol

    Luanda - The Angolan State-owned oil company Sonangol last Friday issued a press release explaining that the following companies, Berkeley, Primagest and Leadervalue were never part of the business of the institution.