The Minister of Mineral Resources, Oil and Gas, Diamantino Pedro Azevedo, announced Wednesday 8th February in Cape Town, South Africa, that many companies have guaranteed investment for the Angolan mining sector, during this year’s edition of the Forum “Indaba Mining ” 2023. Diamantino Azevedo advanced these guarantees at the end of the intergovernmental conference, held on the sidelines of “Mining Indaba 2023”, having also stressed that at the said meeting he presented the achievements of
The Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, invited this Tuesday 7th Feb, in Cape Town, South Africa, more than 250 companies linked to the mining sector to invest in critical miners in the country. Diamantino Azevedo, who is participating in the Mining Fair “Indaba Mining 2023”, to attract investment in the mining sector, was satisfied with the number of companies interested in investing in the national market. Tuesday, the day that was reserved
The president of ENDIAMA, José Manuel Ganga Júnior, said on Tuesday 7th feb in Cape Town that the state-owned diamond company is increasingly focusing on diversifying its economic activity. Speaking to the press as part of Angola’s participation in the International Conference on Mining in Africa, Ganga Júnior explained that ENDIAMA plans to increase its value chain, and that includes increasing cutting to 20 percent of diamonds produced in the country. Ganga Júnior noted moreover
We encourage all parties to investigate – and invest in – Africa’s rising stars for long-term energy solutions Africa’s oil and gas industry is going to breathe new life into many African economies and will create new opportunities for every many Africans in 2023. During the recent African Energy Week, many players and host nations outlined some of the most ambitious plans produce more natural gas, diversify our economies and create more jobs especially for
U.S. and African Presidents must address energy poverty and a Just Transition We are confident that, like previous meetings between American and African Leaders, the events of the highly anticipated Africa Leaders’ Summit, taking place Dec. 13-15 in Washington, D.C., will show America’s earnest and enduring commitment to Africa in the broad sense. The African Continent, some organizers have said, will shape the future of the world. We truly believe that the leaders who will
Savannah Energy has announced the completion of its acquisition of ExxonMobil’s upstream and downstream asset portfolio in Chad and Cameroon The African Energy Chamber (AEC) supports the acquisition by Africa-focused British independent energy company Savannah Energy of oil and gas supermajor ExxonMobil’s entire upstream and midstream asset portfolio in Chad and Cameroon. The sale was closed on 9 December to the tune of $407 million. The announcement comes after Savannah Energy and ExxonMobil’s signing of
Having reached out on multiple occasions to Africa Oil Week, African Energy Week will no longer pursue collaboration with the conference or event organizers and will continue to work towards supporting Africa’s energy sector and making energy poverty history at AEW 2023 While African Energy Week (AEW) (www.AECweek.com) organizers, the African Energy Chamber (AEC), have made continuous efforts to engage with Africa Oil Week (AOW), these efforts have been in vain, with AOW expressing complete
A barrel of Brent oil, a reference to Angolan exports, was traded yesterday until around 5 pm in Angola, at the price of US$78.29.Until that moment, the price represented an appreciation of 2.19 dollars, equivalent to 2.88 percent when compared to 76.1 dollars the day before. As can be seen from the indicators on the Investing.com platform, Monday’s trading peaked at $78.58. Over the past few days, oil prices have been steadily easing on fears
US oil company ExxonMobil is expected to leave Equatorial Guinea in 2026, after reducing production at the Zafiro well to 15,000 barrels per day. “We are currently evaluating the best way to leave, in close collaboration with the Ministry of Mines and Hydrocarbons”, confirmed a spokeswoman for ExxonMobil, after news from the specialized press that reported the complete exit from the country. ExxonMobil reduced production in the Zafiro field from 45,000 to 15,000 barrels of
The National Diamond Trading Company (SODIAM) will auction 43 special diamond stones, including a 170.20 carat pink diamond, whose viewing sessions will take place from October 24th to November 14th. The bidding process for these stones ends on November 15, 2022 and will only be done electronically to customers registered by SODIAM and who have “expertise” in the marketing of special stones, the company says in a statement. The auction included seven special stones weighing
