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Economy

  • Sonangol, Pumangol agreement allows fuel reserve creation
    Wed, 22 Apr 2020 14:01

    Sonangol, Pumangol agreement allows fuel reserve creation

    Luanda - Sonangol and Pumangol have agreed to use the Pumangol fuel terminal (TCPL), in Luanda, owned by Puma Energy, to create a fuel reserve for the country.

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  • Tue, 24 Dec 2019 12:14

    Sonangol, Total agree on joint distribution of oil by-products in Angola

    Luanda - Angolan state oil firm Sonangol and the French TOTAL E&P have finalized the agreement for the joint distribution and sale of crude-oil by-products.

  • Fri, 08 Nov 2019 17:43

    Chevron launches second well stimulation ship

    Luanda - The second "Gammage Tide" oil well stimulation vessel launched this Friday in Luanda will optimize the production of blocks zero and 14 in Cabinda, operated by Chevron.

  • Fri, 01 Nov 2019 16:04

    Irish oil company resumes investment in Angola

    Luanda - Irish Oil company Tullow has expressed interest in getting back to Angola to invest in deep water and oil and gas block at the Namibe Basin, Angop learnt Thursday.

  • Sat, 19 Oct 2019 14:57

    New fuel distribution company soon

    Luanda - The Competition Regulating Authority (ARC) has given the green light to the Angolan National Fuel Society (Sonangol) and Total Oil Company to create a company to operate in the logistics, distribution and trading of oil products.

  • Thu, 17 Oct 2019 18:16

    Total increases oil production in block 17

    Luanda - The French Oil company Total said it spent USD 2.5 billion on three new projects in 2018 to increase the production of more 100,000 barrels of oil per day in block 17 in the Angolan offshore.

  • Thu, 17 Oct 2019 17:13

    Sonangol investigates drillship detention

    Luanda - Angola's Oil company (Sonangol) Thursday said it was investigating the accuracy of the detention of the Quenguela drillship by Malaysian authorities for allegedly berthing without authorisation in the territorial waters of that Asian country.

  • Tue, 01 Oct 2019 16:32

    ANPG launches tender for oil exploration in Namibe, Benguela

    Luanda - Angola's National Oil, Gas and Biofuels Agency (ANPG) announced that it will launch a public tender on Wednesday to bid for 10 blocks of oil exploration in Namibe and Benguela basins, which covers an area of approximately 55, 387 square kilometers.

  • Mon, 23 Sep 2019 17:14

    Mirempt holds public tender for Soyo Refinery

    Luanda - The Ministry of Mineral Resources and Oil (Mirempt) will launch on 24 October next year an international public tender for private investment to build an oil refinery in Soyo municipality, Zaire province.