Fuel has become Angola’s most exported product, reaching the mark of 94.9% of exports in 2022. In percentage terms, ores and minerals represented the second most exported product, making up 4.3% in the year in question.The data was released this Wednesday 30th August by the Ministry of Mineral Resources, Oil and Gas, on Facebook, which cites the National Bank of Angola as the source of the 2022 export balance.Equipment and machinery, food, wood and cork,
The Angolan Association of Oil and Gas Services Companies (AECIPA) and the Namibian Association of Offshore Oil and Gas Service Providers (NAOGSP) signed, on Monday August 28th, in Windhoek, an agreement to cooperate in strengthening the oil and gas industries. gas from the two countries. Under the terms of the agreement, AECIPA and NAOGSP will cooperate in several areas, including enhancing economic and commercial benefits for members, sharing industry information, research and development of new
Diamond miner Lucapa Diamond’s rough diamond revenue for the half-year ended June 30 was $46.8-million on a 100% basis at an average price of $1 633/ct. Lucapa recovers large and high-quality diamonds from its Lulo alluvial mine, in Angola, and the Mothae kimberlite mine, in Lesotho. The company’s 100%-owned subsidiary, Australian Natural Diamonds acquired the Merlin diamond project in Australia’s Northern Territory in 2021. The company is also advancing exploring and evaluation activities on several projects in Africa and Australia. Owing to continued solid demand for
Lulo Mining Company and Workers’ Labor Union Commission have recently signed a collective job agreement for two years, which reflect the parties’ willingness to continue working to improve the conditions of the workers assigned to the mine, located in the municipality of Lucapa, Lunda-Norte province. During the negotiations, the vice-chairman of the Lulo Mining Company’s Management Board, Henrique Campos, called on the workers to suspend the strike, warning of the damage resulting from the stoppage
Angolan diamond sales in July reached 295,532.16 carats, bringing the total volume traded to 4,591,284 carats, according to data from the General Tax Administration (AGT) published on the Ministry of Finance’s website. The proceeds from sales, according to the Monthly Diamond Revenue Map, amounted to US$73,519,912, at a price, last month, of US$261.81 per carat, with a cumulative figure of US$847,895,450 in the calculation of first seven months of the year, indicate the data in
Sonangol is unloading 34 tanks of liquefied petroleum gas (LPG), known as cooking gas, at the Barra do Dande Ocean Terminal (TOBD), as part of the completion of that project designed to gather a storage capacity of 102 thousand meters cubic meters of that fuel, optimize the distribution and constitution of the country’s Strategic Petroleum Derivatives Reserve. The operation is complex, according to the project director, Mauro Graça, quoted yesterday by the Sonangol program at
The Angolan Debt and Stock Exchange (BODIVA) approved, on Friday 25th August, in Luanda, the requests for a Special Session to be held on the Stock Exchange and for admission to trading of the private Bonds of the Sociedade Nacional de Combustíveis de Angola, EP (SONANGOL). As explained in the statement sent to the newsrooms, the Special Session on the Stock Exchange will take place between 9:00 am and 3:00 pm on September 13th and
Revenues from Angolan diamond exports for the first six months of this year fell by 2.8 percent compared to the same period last year. From January to June, 4.66 million carats were sold, resulting in a gross value of approximately US$711.7 million. These data were released yesterday, in Luanda, by the National Director of Mineral Resources. Paulo Tanganha stressed that the main destinations for Angolan diamond exports were the United Arab Emirates, with 65.6 percent, and
The Ministry of Mineral Resources, Petroleum, and Gas (MIREMPET) is holding a meeting on Thursday to present the achievements in diamond production, marketing, and exportation. The meeting will take place at the MIREMPET Building and will have the participation of companies such as Endiama, Catoca Mining Company, Somiluana Mining Company, among others.
The Minister of State for Petroleum and Gas, José Barroso, observed the progress of the construction of the future refinery in Cabinda. During the technical visit to the refinery project, José Barroso received explanations from the Odebrecht representative, Joel Peito, with a focus on phase 1 of the refinery. Joel Peito also presented the ongoing infrastructure and civil works, the 30,000 barrels per day distillation unit, which is considered the heart of the refinery, the
