Angola: Diesel Price Goes Up to Akz 300 Per Liter

A liter of diesel in Angola increased from 200 to 300 kwanzas, as of 1 a.m. Monday, as part of the gradual adjustment of retail prices of petroleum by-products to market levels,… Read more »

Angola: Sonangol's CEO Highlights Modernization in the Oil Sector

The Chairman of the Board of Directors of SONANGOL E.P., Sebastião Pai Querido Gaspar Martins, said on Monday that the Barra do Dande Ocean Terminal (TOBD), in Bengo, is one… Read more »

Angola: Angola Reiterates Commitment to Gradual Elimination of Fuel Subsidies

The Angolan government remains committed to the gradual elimination of fuel subsidies, although it does not intend to eliminate them completely by 2025, Minister of State for… Read more »

Angola: Oil Spill Affects Cacongo Coast

In the early hours of Wednesday morning, small oil slicks were recorded on the coast of the municipality of Cacongo, in Cabinda province, following an alleged rupture of an oil… Read more »

Angola: Oil Exploration in Cabinda Norte Block Begins in 2025

Onshore oil exploration in the Cabinda Norte Block, Cabinda Province, will begin in 2025, the Operations Director of ACREP-Exportação Petrolífera S.A.,… Read more »

Angola: Vice-President Calls for Major Women's Participation in Oil Sector

The Vice-President of Angola, Esperança da Costa, on Thursday encouraged companies in the mining, oil and gas sector to make greater efforts towards greater gender… Read more »

Angola: Police Stop Smuggling of Over 14,000 Litres of Fuel

The National Police in the province of Lunda-Norte thwarted the export of 14,375 litres of fuel, which was destined for the Democratic Republic of Congo (DRC), as part of a… Read more »

Angola: Sonangol and Chevron Sign Contracts for Oil Exploration in Lower Congo

Sonangol and Cabinda Gulf Oil Company Limited (CABGOC), Chevron's subsidiary in Angola, on Tuesday in Luanda signed two 'Risk Services Contracts' for the concession of blocks 49… Read more »

Angola: Fuel Storage Capacity Exceeding 600,000 Metric Tonnes

Angola with has storage capacity for liquid fuels at 675,968 metric tonnes (TM), the volume of purchases for the domestic market over the last six years has been around 21,241 MT,… Read more »

Angola: Angola Has Around 50 Billion Barrels of Oil Yet to Explore

The country has a potential of approximately 50 billion barrels of oil to be explored, of which almost 10 billion have already been found/discovered, according to the executive… Read more »

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 »

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 »

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 »

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 »

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 »

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 »

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 »

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 »

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 »

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 »

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 »

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 »

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 »

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 »