Africa: Angola Leads Oil Production in Africa
With its 1.7 million barrels of crude oil a day, well above Nigeria’s 1.5 million, Angola stood in September this year, for seven running months, at the head of the Continue Reading
The Toilet Paper Crisis: Angola’s Oil Firm Can’t Supply The Basics
Sonangol, the state oil company of Africa’s current number-one oil producer seems to be in shambles, with the management unable – or unwilling – to pay for washroom supplies, according Continue Reading
Angola Was China’s Largest Foreign Crude Supplier In September
China oil Angola overtook Russia as China’s biggest oil supplier last month, exporting 1.02 million barrels per day to the Asian country, up by 45.8 percent on the year, Reuters Continue Reading
More oil pending from Angola
Italian energy company Eni said it was one step closer to its goal of pulling more oil from Angola with the pending launch of an offshore production facility. Eni said Continue Reading
More Angolan Soldiers Reportedly Killed in Oil-Rich Cabinda Area
At least ten Angolan soldiers were killed during the last clash with the Front for the Liberation of the Enclave of Cabinda (FLEC) in the oil-rich Cabinda enclave, according to Continue Reading
Angolan/OPEC Relations: Toxic or Worse?
On Tuesday, news broke of Angola’s decision to back out of a deal with Cobalt International Energy to purchase an oil discovery for $1.8 billion. Sonangol, Angola’s state energy firm, Continue Reading
An oil boom made it the most expensive city in the world. Now it’s in crisis.
A girl stands beside a laundry line in a poor neighborhood overlooking Cabinda, a heavily guarded territory that accounts for half of Angola’s oil output. (Nichole Sobecki/For The Washington Post) Continue Reading
Angola sees gloomier economic prospects on oil price slump
Angola is at a critical juncture as its government sees a bleak year ahead as the continued oil price slump has made it halve its 2016 growth forecast. The oil Continue Reading
Angola’s Inflation Rate Climbs to Highest Since at Least 2011
Angola’s inflation rate rose to the highest in at least five-and-half years in June. Inflation accelerated to 31.8 percent last month from 29.2 percent in May, the Luanda-based National Statistics Continue Reading
Angola Must Live a New Era Without Oil – Economist
Angola must create objective conditions to live a new era in which there would be political, economic and social stability without relying on the oil industry, a sector which currently Continue Reading