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January 29
Angola: Sonangol Declares Not Owning Ship Hit By Missile in Red Sea
Angolan national oil company Sonangol on Monday, in Luanda, clarified that the tanker named "Marlin Luanda", hit by a missile in the Red Sea, is not part of its fleet or freighted… Read more »
January 10
Angola: Government Assesses Process of Withdrawing Fuel Subsidies
The Minister of State for Economic Coordination, José de Lima Massano, said on Wednesday in Luanda that the Angolan government is organising the process of withdrawing price… Read more »
January 08
Angola: Attorney - General Concerned About Fuel Smuggling Effects On Country's Economy
Large-scale fuel smuggling into the Democratic Republic of Congo (DRC) has resulted in enormous losses for the national economy, as the product escapes border taxation mechanisms. Read more »
January 03
Angola: Dande Ocean Terminal First Phase Will Be Completed This Year
The first phase of the construction of the "Barra do Dande" Ocean Terminal (TOBD), with a capacity to store 582,000 cubic meters of liquid and gaseous fuels, will be completed this… Read more »
Angola: Angola's First Gold Refinery to Be Completed This Year
The first gold refinery in Angola, which is being built in the Viana Industrial Park in Luanda, will be completed later this year (2024), the Minister of Mineral Resources, Oil and… Read more »
December 21, 2023
Angola: Attorney General's Meeting Suggests Innovative Measures to Curb Fuel Smuggling
The installation of satellite positioning systems (GPS) in tanker trucks carrying fuel to inner zones of the country was suggested on Wednesday in Soyo, Zaire province, as a… Read more »
November 09, 2023
Angola: Minister Wants Greater National Participation in the Provision of Oil Services
The Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, on Thursday in Luanda called for greater participation of Angolan companies in the provision of services to the… Read more »
October 18, 2023
Angola: President Discusses Lobito Refinery Construction
Angolan president João Lourenço on Wednesday granted an audience in Luanda to the CEO of the Chinese state-owned company China National Chemical Engineering (CNCE),… Read more »
October 16, 2023
Angola: Angola Expecting Oil Production Above 1.1 Million Barrels Per Day
The Government will continue to work to maintain competitiveness and crude oil production levels above 1.1 million barrels/day, planning to bid for another 50 oil blocks by 2025,… Read more »
September 12, 2023
Angola: Sonangol Receives 2nd Oil Tanker, Names It 'Njinga Mbande'
Angola's Oil company Sonangol officially received Tuesday in Mokpo, South Korea, the second Suezmax-type oil tanker with a capacity of one million barrels of oil, increasing the… Read more »
September 11, 2023
Angola: Head of State Highlights Role of Refineries in Oil Product Export
Angolan president João Lourenço has stressed the strategic importance of Barra do Dande Ocean Terminal (TOBD) and the refineries under construction in the country. Read more »
September 01, 2023
Angola: Angola's National Oil Company Begins First Onshore Drilling
The drilling of Sonangol's first onshore oil well, in Luanda, starts within a week, as part of production strategy to be developed by 2027, the Angolan state oil company announced… Read more »
August 15, 2023
Angola: Oil Production in July Increases By Over Two Million Barrels
The production of crude oil in Angola reached just over 35.6 million barrels in July of the current year by registering an increase of 2,023,000 barrels compared to what was… Read more »
August 16, 2023
Angola: Chevron Starts Manufacturing Equipment in Angola
Chevron, through its subsidiary Cabinda Gulf Oil Company Limited (CABGOC), started Tuesday (15th) the manufacture of the N'dola Sul wellhead platform in Cuanza Sul province. Read more »
August 13, 2023
Angola: Sonangol Launches Bonds Worth Over U.S.$89 Million
The national oil company, Sonangol is launching today (Monday) the first issue of bonds, worth 75 billion kwanzas, through a public subscription offer. Read more »
July 29, 2023
Angola: Construction of Sonangol Research Centre in Final Stage
The completion of the construction works of Sonangol's Research and Development Centre is scheduled for September 2023, ANGOP has learnt. Read more »
July 25, 2023
Angola: Crude - Angola Exports 94.06 Million Barrels Worth Usd 7.16 Billion
Angola's crude oil exports reached 94.63 million barrels in the second quarter of this year, 2023, at average price of USD 76.19 / barrel, totalling about US$7.16 billion in… Read more »
July 05, 2023
Angola: Government Reiterates Oil Exploration Strategy
Angolan minister of Mineral Resources, Oil and Gas, Diamantino Azevedo reiterated, in Vienna, the country's strategy to stabilize the oil production based on the dynamization of… Read more »
June 19, 2023
Angola: National Agency for Petroleum Presents Bidding Proposals for Oil Blocks
The National Agency for Petroleum, Gas and Biofuels (ANPG) on Tuesday presented in Luanda the bidding script for oil concessions in the Kwanza and Lower Congo onshore basins. Read more »
June 10, 2023
Angola: Main Opposition Considers It Necessary to Withdraw Fuel Subsidies
The leader of Angola's main opposition UNITA party, Adalberto Costa Júnior, considered this Saturday, in Luanda, the removal of fuel subsidies a necessary measure, despite… Read more »
June 01, 2023
Angola: Govt Announces Increase in Petrol Price
Angolan government announced the increase of price of a liter of gasoline from the previous 160 to 300 kwanzas. Read more »
Angola: Government Denies Rumors On External Pressure to Cut Fuel Subsidies
Angola has denied rumors that its decision to cut petrol subsidies stemmed from the external pressure of the International Monetary Fund (IMF). Read more »
Angola: Angola to Eliminate Totally Fuel Subsidies By 2025
Angola is currently carrying out a gradual removal of the fuel subsidies, whose aim is to cut off State subsidies on petrol and diesel by 2025, the country's Finance minister, Vera… Read more »
June 02, 2023
Angola: New Petrol Price in Force
A litre of petrol will cost, as of this Friday, with the entry into force of the new rate, that is 300 kwanzas (USD 0,51) per litre, against the previous 160 Kwanzas (roughly USD… Read more »
May 17, 2023
Angola: Oil Tax Revenue Drops in First Quarter This Year
The oil tax revenue stood at 1.3 billion kwanzas in the first quarter of this year, Kz 800 billion less compared to the same period of 2022, during which the sector collected Kz… Read more »
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