India-based VD Global discovered the 0.329-carat, D-color, type IaAB diamond, named the Beating Heart, in October, and returned it to De Beers for testing, the miner said last week. The stone originated from one of De Beers’ mines in Botswana, Canada, Namibia or South Africa. The miner sent the stone to the De Beers Institute of Diamonds, which performed a preliminary analysis, as well as optical and scanning electron microscopy (SEM), infrared spectroscopy and fluorescence,
The Republic of Angola and Portugal signed two cooperation agreements focused on budgetary and fiscal matters that will allow the Angolan government to manage its treasury, national and international financing and contract public debt more effectively, and in accordance with the international standards practiced in the European Union. The agreements, signed on Wednesday 5th April by the Minister of Finance of Portugal, Fernando Medina, and his Angolan counterpart, Vera Daves, will see Portugal increase the flow
Construction of the 26,906 MW Luena Solar Energy Park in Angola’s Moxico Province is due for completion by 2024, with the country’s Government having indicated that contractual deadlines will be met. The project, which is 60% completed, is being developed by solar project developer Sun Africa and engineering and technology consulting company, MCA Group, and will cover an area of 0.5km2 in the Samalesso District, Luena City. “The Luena Solar Energy Park will “contribute to improving electricity
H.E. Diamantino Azevedo, Angola’s Minister of Mineral Resources, Oil and Gas, met with his Namibian counterpart, H.E. Tom Alweendo, last Thursday 6th April as part of an official state visit to Windhoek last week. At the invitation of H.E. Minister Alweendo, the African energy Ministers discussed existing and future areas of cooperation within their respective extractive industries. The meeting follows the signing of a Memorandum of Understanding between Angola and Namibia last November, at the Angola Oil &
The Government does not supply crude oil at prices lower than those of the international market to the refineries being implemented in the Angolan petrochemical industry, nor does it not stop exporting “a single barrel of oil” for these units, declared the president of the Executive Committee of the Angolan refinery. Luanda. “It is a false problem to think that the Government of Angola is obliged to supply raw materials for refineries at a low
Pumangol has so far created a total of 400 direct jobs and around 2,000 indirect jobs, as part of a strategy that has already implemented 80 fuel filling stations across the country. The data was shared by the chairman of the Board of Directors of the company, Ivanilson Machado, in the interview he gave to Jornal de Economia & Financeira, from Edições Novembro EP As he said, Pumangol is now owned by Sonangol as part
The naming ceremony for the Suezmax oil tanker took place yesterday in the city of Mokpo. The president of Sonangol Marine Service, João Almeida, said that the company will no longer charter ships to meet its objectives in this segment. According to João Almeida, it is an oil tanker that increases the fleet, which goes from 9 to 10 ships. João Almeida said that, by the end of the year, the fleet could have one
Sonangol received, this Monday 10th April, in the city of Mokpo (South Korea), the new oil tanker, named “Kulumbimbi”. The oil tanker built at the Hyundai Sambo Heavy Industries shipyards cost the Angolan oil company US$68 million. The ship will have a crew made up of 80 percent Angolans and a useful life of 20 years. It is part of the Suezmax line, with the capacity to transport 1 million barrels of crude, within internationally accepted
The cut in production by the OPEC+ members (groups of oil exporting countries + Russia), in the last six days, resulted in an appreciation of prices by at least six dollars. Negotiations for a barrel of Brent, oil that is the benchmark for exports from Angola, rose from USD 79.7 recorded between Friday and Sunday of last week, to USD 85.4 registered on Friday, a price that goes up to Sunday, and may change depending on
Sonangol now has one more vessel for operations to transport crude oil. The naming ceremony for the Suezmax oil tanker takes place today in the city of Mokpo. The president of Sonangol Marine Service, João Almeida, said that the company will no longer charter ships to meet its objectives in this segment. According to João Almeida, it is an oil tanker that increases the fleet, which goes from 9 to 10 ships. João Almeida said
