Somoil doubled, between 2020 and 2022, oil production from eight to 17 thousand barrels/day, due to the investment applied, in the last two years, in drilling and in new technologies, according to the chairman of the Executive Board. Edson Rodrigues dos Santos said that the Angolan oil company – Somoil, which operates in block 2/05, in shallow waters and in the FS&FST block, in the “Onshore”, in the municipality of Soyo, in the province of
The consultancy Focus Economics predicts that the Angolan economy will grow 3.2 percent this year and accelerate to up to 3.6 percent in 2024, also forecasting an expansion below the average of sub-Saharan African countries. “Growth is expected to accelerate significantly this year, in a context in which the easing of restrictions related to the pandemic boosts domestic demand, while the external sector benefits from high raw material prices”, write analysts at Focus Economics. ,
According to the Minister of Energy and Water, João Baptista Borges, the replacement of thermal energy by solar energy represents a saving of 275 million liters of diesel per year for the country. The head of the Energy portfolio spoke to the press at the inauguration of the Biópio photovoltaic power plant, in the municipality of Catumbela, in the province of Benguela. The Biópio photovoltaic plant, as well as the Baía Farta plant, inaugurated this
The chairman of the Board of Directors of the Angolan National Diamond Company (ENDIAMA EP), Ganga Júnior, expressed his expectations on Friday that, next year, Angola will be among the three largest diamond producers in the world. Ganga Júnior, who made these statements to Jornal de Angola, on the sidelines of the inauguration of the orphanage “Lar Casa Mãe”, in Lubango, expanded and equipped with funding from ENDIAMA, said that it is “very close” to
The consultancy FocusEconomics predicts that Angola’s economy will grow 3.2% this year and accelerate to up to 3.6% in 2024, also forecasting an expansion below the average of sub-Saharan African countries. “Growth is expected to accelerate significantly this year, in a context in which the easing of restrictions related to the pandemic boosts domestic demand, while the external sector benefits from high raw material prices”, write analysts at FocusEconomics, in the monthly analysis of sub-Saharan
MCA Group is strongly committed to carrying out its strategy of consolidating Angola’s new energy matrix, which will allow the installation of seven photovoltaic parks in six provinces in the south of the country. Through Data consulted Angola indicate that the Portuguese company takes an effective role in promoting green energy and environmental sustainability. of solar resource in Angola, with an average annual global radiation in horizontal plane between 1370 and 2100 kWh/m2. Based on
Oil revenues in Angola rose 71.1% in the first half of the year, compared to the first six months of last year, despite production having increased by just 3.3%, according to consultancy Oxford Economics Africa.\ “Despite historically low levels of oil production, statistics from the Ministry of Finance continue to show a strong improvement in oil revenues, mainly due to higher prices”, write the analysts, noting that revenues reached 4.2 billion kwanzas. , in the
The Geological Institute of Angola (IGEO) and the Korean Association for Economic Development of Africa (AKEDA) signed, Sunday, in Seoul, South Korea, an agreement with the objective of creating a working group to define the terms and conditions of prospecting and research projects for world-class mine exploration in Angola. According to a press release sent to Jornal de Angola Online, the agreement was signed in the presence of the Plenipotentiary Ambassador of Angola to South
The Ministry of Transport of the Government of Angola has announced the award of the concession tender for rail services and logistics support for the Lobito Corridor, a key route connecting mines in the Democratic Republic of the Congo (DRC) to the Lobito port in Angola and international markets beyond. The 30-year concession, with the potential of a 20-year extension, has been awarded to a consortium comprising Trafigura Pte Ltd (“Trafigura”), a market leader in
Crudes from Algeria, Equatorial Guinea and Angola became the most expensive in the world during June and for the first half of 2022 as a whole, according to the Organization of the Petroleum Exporting Countries’ (OPEC) monthly report released on July 12. Algerian crude, Sahara Blend, has become the most expensive in the world during the past June and the first six months of 2022. The average price of this low-sulfur, very low-density crude reached
