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Economy

  • Mon, 16 Sep 2019 14:41

    Crude oil prices rise nearly 20%

    LONDON - Oil prices increased nearly 20% on Monday, with Brent posting the biggest intraday gain since the 1991 Gulf War after an attack on Saudi oil facilities over the weekend that halved the production of the kingdom.

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  • Fri, 06 Sep 2019 17:48

    South Africans interested in oil from Angola

    Luanda - South African authorities Wednesday in Perth, Australia, expressed interest in acquiring oil and gas from Angola.

  • Thu, 05 Sep 2019 12:08

    Angola: Tax incentives boost marginal fields

    Luanda - Angolan government's fiscal and contractual incentives launched in 2017 allow the development of identified marginal fields, which were not profitable under existing contracts, said the CEO of National Oil, Gas and Biofuels Agency (ANPG), Paulino Jerónimo.

  • Fri, 16 Aug 2019 13:28

    Petroleum and Gas Agency invites investors to road-show

    Luanda - The National Petroleum, Gas and Biofuel Agency (ANPG) is making the registration of those interested in taking part in the international road-show it will hold from September 3 to 23 to introduce the oil blocks of Namibe and Benguela basins for further auctioning.

  • Tue, 13 Aug 2019 18:47

    Sonangol injects capital into Banco Económico to respond regulator

    Luanda - The minister of Mineral Resources and Petroleum, Diamantino Azevedo said that the increase in Sonangol's stake in Banco Económico stemmed from shareholder agreements because the Central Bank, as a regulator, has demanded a capital increase and one of its shareholders has not applied it.

  • Thu, 08 Aug 2019 13:28

    Petroleum Ministry seeks to reduce oil spill impact on sea

    Luanda - The Ministry of Mineral Resources and Petroleum wants to have major control of the oil spilled in the ocean and reduce its negative impact in the sea to improve quality of life in the earth and secure a sustainable economic activity, said the minister of the sector, Diamantino Azevedo.

  • Wed, 07 Aug 2019 19:04

    Oilfield service companies told to develop know-how

    Luanda -Companies connected with oilfield service should have more knowledge and skill to better compete on an equal footing with foreign counterparts.

  • Tue, 30 Jul 2019 13:19

    Bloc 31 with new investments opportunities

    Luanda - New investments opportunities have been opened in bloc 31 in the aftermath of the Executive Decree nº 157/19 issued in the State Gazette, which approves the declaration on discovery of the marginal fields, Ástrea and Juno deposit in the referred bloc.

  • Tue, 09 Jul 2019 10:24

    Government establishes fuel reserve for 30 days

    Luanda - The volume of oil by-products security reserves, such as petrol, diesel, JET-AI, JET-B and kerosene corresponds to 30 days, in order to prevent crises situations, reads a presidential order.