Can Angola Overcome Its Oil Production Decline?
OPEC member Angola is halving the tax rates on development of oil discoveries with less than 300 million barrels of reserves as new President Joao Lourenco is trying to incentivize Continue Reading
Angola: Low Crude-Oil Production Caused By Investments Reduction
The minister of Mineral Resources and Oil, Diamantino Azevedo, on Monday in Porto Amboim, central Cuanza Sul Province, admitted that the decline in crude-oil production was caused by the substantial Continue Reading
Expect more oil from Angola
Reaching a production plateau off the coast of Angola stabilizes output at more than 150,000 barrels of oil per day, Italian energy company Eni said. The company said Wednesday it Continue Reading
OPEC Cuts May Go Deeper as Another Member Sees Output Slump
Angola’s crude exports fall to lowest since at least 2008 OPEC disruptions could send prices above $80 a barrel: BofAML While plunging output in Venezuela captures the oil world’s attention, Continue Reading
OPEC Oil Producer Angola Seeks IMF Help To Reform Economy
Africa’s second-largest oil producer Angola is seeking non-financial assistance from the International Monetary Fund (IMF) to help it with reforms aimed at revitalizing the economy that has suffered from low Continue Reading
OPEC-member Angola could be on the rebound
With production close to a two-year low, presidential action in OPEC-member Angola has the potential to reverse a steady decline, analysis finds. “Low oil prices and the fact that the Continue Reading
More oil coming from OPEC-member Angola
Production has started in an area that revealed more than 3 billion barrels of oil in place off the coast of Angola, Italian energy company Eni said. Eni and Angolan Continue Reading
Angola’s First Offshore Oil Project Prepares To Begin Producing
Even as OPEC-member Angola continues to comply to bloc-wide crude production cuts, its progress on its first offshore oil project remains unhindered, according to a new report by Reuters. Total, Continue Reading
Angola Faces Oil Industry Crisis
Angola has been OPEC’s second most compliant member with regard to the 2016 oil production cut deal, but just like the number-one compliant member, Venezuela, this prestige does not come Continue Reading
Rains, filth and medicine shortages turn Angola into malaria hotbed
Heavy rains, filthy conditions, medicine shortages and endemic corruption have combined to make a lethal malarial cocktail for Angola. Since the start of the year, more than 300,000 cases of Continue Reading