Sonangol recorded, in the 2022 financial year, a turnover of US$12.6 billion, corresponding to an operating result (EBITDA) estimated at US$4.9 billion. The information was released on Friday 24th February, in Luanda by the chairman of the Board of Directors of the Angolan oil company, Sebastião Gaspar Martins, during the conference to present the provisional performance balance sheet. The manager said that the company is present in around 35 concessions as a partner, currently being the
Angola’s oil production for the month of January was 34 million 294 thousand 39 barrels, corresponding to a daily average of 1 million 106 thousand 285 barrels of oil/day against 1 million 197 thousand 939 barrels forecast. According to the monthly production summary of the National Petroleum and Gas Agency (ANPG), production of associated gas during the month of January was 82 million 534 thousand cubic feet, corresponding to a daily average of 2 million 662
Sonangol reduced gasoline import costs by US$92 million, due to the completion and start-up of the new Gasoline Production Complex at the Luanda Refinery, having achieved production of around 85,000 tonnes by the end of 2022 metrics. These data were released this Friday 24th February in Luanda, at a press conference by the Board of Directors of the national oil company, in reference to the 47th anniversary, where he underlined that “the data in question
Diamond exports from the Democratic Republic of Congo (DRC) to Belgium increased by 12% in 2022. During this period, the country officially exported 11.68 million carats of diamonds against 12.68 million in 2021. According to statistics made public in February 2023 by the Ministry of Mines, the share of the United Arab Emirates in these exports has fallen by 10%, from 60% to 50% in one year, while that of Belgium has increased. to reach
Sonangol is involved in refining projects that aim to materialize the Executive’s strategy “so that we can achieve self-sufficiency in fuels by 2027”, said, this Friday 24 feb, in Luanda, the Secretary of State for Oil and Gas. José Barroso, who was speaking at the opening of the press conference alluding to the 47th anniversary of Sonangol, also said that the state-owned oil company is also committed to increasing its capacity for storing liquid and
The country will raise US$27 billion with the extension of the concession of Block 0 in the maritime zone of Cabinda province, for another 20 years, until 2050, advanced, Minister of Mineral Resources, Petroleum. and Gas, Diamantino Azevedo said yesterday, february 23, in Luanda. The minister was speaking at the National Assembly, during the discussion and approval of the Legislative Authorization Project that authorizes the President of the Republic, as holder of the Executive Power,
Sonamet and Sarens transported a 2,200-tonne Jacket platform from Belgium to Angola via a large vessel known as a barge. According to data from the institution to which Jornal de Angola had access, the Jacket is intended for the Sanha Lean Gas Connection (SLGC) project of the oil company Chevron. The data indicate that the crew used 4 jacks of 200 tons for the movement with 20 ballast pumps to keep the barge at the right
The European Union managed to exceed the goal of cutting demand for gas this winter, according to new data from Eurostat. Eurostat data shows that the European Union’s winter demand has fallen by 19 percent compared to the five-year average, beating the 15 percent target it has set for itself to help it survive the winter. The biggest drop was in Finland, which reduced its use by nearly 60 percent. Lithuania had the second biggest drop, down
Saudi Arabia’s state-run oil giant, Saudi Arabia, is now the world’s third-largest company by market capitalization, according to the companiesmarketcap.com list. Aramco, with a market cap of $1.903 trillion, slid to the number three position behind Apple ($2.413T) and Microsoft ($1.920T). Just two months ago, in mid-December, Aramco held the Number two position with a market cap of $1.81T, behind only Apple. And before that, In May of last year, Aramco was sitting at the
Brent (a benchmark for Angolan exports) for delivery in April started this week’s session (yesterday 21st February) on a high, at US$83.53 a barrel, i.e. 0.53 percent more compared to the close of markets on Friday. fair. Oil showed a daily range of 82.75 – 84.30 dollars. On Friday 17th feb, Brent crude fell $2.14, or 2.5 percent, to $83.00 a barrel, ending the week down 3.96 percent, as traders worried that future rises in interest
