Exclusive: Angola opens up fuel imports with first major tender
Angolan state oil firm Sonangol has issued its first public tender to buy refined products to widen its import base, market sources who have seen the tender said, in a Continue Reading
Big Oil Backs Away From a Former Industry Darling
The boom in oil money helped crown Angola’s seaside capital, Luanda, as the world’s most expensive city. Angola was once a magnet for the world’s biggest oil companies, drawing billions Continue Reading
Africa’s richest woman removed as head of Angola state oil group
Angola’s president João Lourenço has dismissed Africa’s richest woman, Isabel dos Santos, as head of the country’s state oil company, in a bold move to wrest power from the family Continue Reading
Portugal Dominated Angola for Centuries. Now the Roles Are Reversed.
How the roles have reversed: The colonizer, some Portuguese contend, has been colonized. On the Portuguese coast of Cascais, where the nation’s royal court used to summer, a new 14-story Continue Reading
Angola adds to supply-side strains for oil
Italian energy company Eni said Wednesday it started production at an oil facility off the coast of Angola in record-setting fashion. The company said operations started at its East Hub Continue Reading
Angola’s March Oil Exports To Drop To 1.51 Million Bpd
Angola’s state-held oil firm Sonangol plans to load 1.51 million barrels per day in March under its finalized exports schedule, down from plans to export 1.62 million bpd in February, Continue Reading
Angolan Fund Says China Exim Will Lend $600 Million for New Port
The Export-Import Bank of China is lending Angola as much as $600 million for the construction of a deep-sea port in the northern enclave of Cabinda, according to Jose Filomeno Continue Reading
Sonangol considering return to Iraq
Three years after security problems forced them out, Iraq is courting the Angolan state firm back to the Qayarah and Najmah fields. Iraqi Oil Minister Jabbar al-Luiebi (right) meets in Continue Reading
Economy strained for OPEC-member Angola
The steady decline in crude oil prices from 2014 peaks above $100 per barrel has left lasting impacts on the economy of OPEC-member Angola, the International Monetary Fund said. Angola Continue Reading
Analyst: Angolan Gas Discovery Has At Least Decade Before it Comes Online
The recently announced gas discovery in the offshore Kwanza basin has a number of hurdles to overcome, say oil and gas analysts. The recently announced gas discovery in Angola’s offshore Continue Reading