The director of KAPU GEMS, Kalpesh Vaghani, revealed Thursday27th April at Saurimo, that his company will continue to invest in Angola in the cutting and polish diamond industry. Vaghani said that KAPU GEMS has already invested more than one million dollars since 2021 and created more than one hundred employment. “We have been facing many challenges during the last two years. Cutting and polish diamond activity is new in Angola and there is rule that
Nigeria, the largest oil producer in Africa, has come out on top as the leading crude oil producer on the continent, according to the latest monthly report from the Organisation of Petroleum Exporting Countries (OPEC). The report indicates that Nigeria produced 1.268 million barrels per day (bpd) in March 2023, surpassing its African peers, Algeria and Angola, which produced one million and 972,000 bpd, respectively. However, the report also sheds light on Nigeria’s struggle to
The Ministry of Mineral Resources, Oil and Gas, within the framework of the Mining Sector Development Plan, is promoting, throughout the country, strategic actions, among national and foreign investors, which will make mining activity more sustainable, in the prevention of the environment, and support to populations residing in areas of prospecting and exploitation of mineral resources, said the National Director of Mineral Resources, on 25th April 2023. Paulo Niva Tanganha, who spoke on the theme
The diamond project, Yetwene, in Camissombo (Lucapa), Lunda-Norte province is back in production, started this Wednesday, 26th April after ten years of inactivity. The entrance to the mining exploration phase takes place on the day that marks “Miner’s Day” and should be attended by the Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo and the governor of Lunda-Norte, Deolinda Vilarinho. Association in Participation, the Yetuwe Project is formed by Endiama Mining, Mountain Stability, Sociedade
Companies such as Sonangol, the National Electricity Distribution Company (ENDE) and the National Petroleum, Gas and Biofuels Agency (ANPG) are identified as fundamental to the country’s economic growth, acting as actors for the increase in the Gross Domestic Product, in the creation of jobs and essential services to citizens. According to the platform for investment in the energy sector on the continent, the unprecedented growth that the country has been experiencing in the energy sector,
Namibia’s Jonker-1X light oil discovery – made last month by partners Shell, QatarEnergy and the National Petroleum Corporation of Namibia (NAMCOR) – represents the third discovery in a string of Orange Basin exploration successes announced in the past year. Coupled with the Graff-1X and Venus-1X finds (made in 2022 merely weeks apart), leading International Oil Companies (IOCs) are proving the size and scope of Namibia’s deepwater hydrocarbon resources. As such, Namibia’s E&P sector is expected to attract
Following three successful editions that united a strong slate of players from across the regional and global energy landscape, the Angola Oil & Gas (AOG) conference and exhibition makes its return in 2023 for its fourth edition, bringing together African energy and petroleum ministers, global investors and thought-leaders and project developers and service companies to discuss the future of Angolan energy. Building on the event’s long-standing partnership with Angola’s Ministry of Mineral Resources, Oil and Gas and
South Africa’s Department of Mineral Resources and Energy has granted French major TotalEnergies environmental authorization to conduct exploration activities in the offshore Block 5/6/7, located in an area approximately 10,000km² between Cape Town and Cape Agulhas. The decision follows the conclusion of all prescribed procedural requirements by TotalEnergies, including public consultation and environmental checks, with the major expected to drill up to five exploration wells between Q4 this year and mid-2024. Representing a high-potential block –
Year-on-year inflation in Italy slowed to 7.6 percent in March, against 9.1 percent in February, thanks mainly to the slowdown in energy prices, announced the Italian National Institute of Statistics (Istat). The slowdown in inflation is mainly due to the deceleration in the prices of non-regulated energy goods (from 40.8 to 18.9 percent) and the fall in regulated energy prices (from 16.4 to 20.3 percent), whose effects were only partially offset by acceleration in unprocessed
Negotiations of Brent, the benchmark for Angolan oil exports, for delivery in June, opened lower on Wednesday 19th April in the international market, positioning at US$80.82 per barrel, a drop of 0.10 percent. In previous barrel trading, Crude Oil was likely to find support at $79.91 and resistance at $83.44. The Dollar Futures Index, which tracks the performance of the US dollar against a basket of six major currencies, gained 0.02 percent to trade at
