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Economy

  • Fri, 17 Jan 2020 18:26

    Eni takes block 28 of Namibe basin

    Luanda - The National Oil and Gas Agency (ANPG), concessionaire for oil and gas rights in Angola, attributed Block 28 to Eni (as operator, with 60%), as a result of the competitive international bidding round that took place in 2019.

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  • Fri, 17 Jan 2020 12:17

    Sonangol, Gemcorp sign partnersip deal for Cabinda refinery

    Luanda - The state run-oil firm Sonangol and the Gemcorp Capital LLP signed last Thursday in Luanda a partnership agreement providing for the construction of Cabinda refinery.

  • Fri, 17 Jan 2020 11:59

    Agogo field starts oil production

    Luanda - The Agogo field, located at Angolan offshore, more precisely in Block 15/06, started last Thursday the commercial exploitation of the block’s crude oil, with an initial production of 10,000 barrels per day, nine months after its discovery, announced the Oil, Gas and Biofuels National Agency (ANPG).

  • Fri, 10 Jan 2020 17:44

    Sonangol denies allegations on employees layoffs

    Luanda - Sonangol has denied allegations it is making the employees redundant as part of the restructuring process underway in the state-owned oil company since 2018.

  • Thu, 09 Jan 2020 10:01

    Transformation of Namibe's mining potential into wealth defended

    Mocâmedes - The minister of Natural Resources and Petroleum, Diamantino de Azevedo, reinforced last Wednesday in Mocâmedes, capital of the south-western Namibe Province, the need to turn the region?s mining potential into real wealth.

  • Fri, 03 Jan 2020 13:22

    Brent oil rises 4% after death of Iranian general

    London - Brent oil barrel opened at $68.90, four percent higher, on Friday Jan 3, after the US confirmed the death of the Iranian Revolutionary Guard general, Qassem Soleimani.

  • Tue, 17 Dec 2019 16:48

    Sonangol chief stresses company financial strength

    Luanda - With a registered capital of over US $ 12 billion, Sonangol is strong enough to continue its business, maintaining the trust and credibility of its partners (investors and banks).

  • Thu, 14 Nov 2019 18:27

    ANPG validates Sonangol, ENI and TOTAL exploration proposals

    Luanda - The National Oil, Gas and Biofuels Agency (ANPG) Wednesday, in Luanda validated the proposals presented this year by oil companies Sonangol, ENI and TOTAL, for the exploration of the Namibe and Benguela sea basins.

  • Thu, 14 Nov 2019 12:12

    ANGP validates Sonangol, ENI, TOTAL bids for oil exploitation

    Luanda - Angola’s National Petroleum, Gas and Biofuel Agency (ANPG) validated on Wednesday the bids for oil exploitation of Namibe and Benguela maritime basins made by the state-owned firm Sonangol, Italian (ENI) and French (TOTAL).