Category: Local

The Minister of Mineral Resources and Oil, Diamantino Azevedo, acknowledged difficulties in financing refineries but assured that the government remains focused on achieving self-sufficiency in refined products. He emphasized that these projects would be successfully completed. Speaking at the inaugural “Conversas sem Makas,” a forum initiated by journalist and economist Carl Rosado de Carvalho, Minister Azevedo reviewed his tenure since 2017. He highlighted the importance of Angola’s mineral resources, describing them as a “blessing” that

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The English upstream oil and gas company Afentra, focused on acquiring production and development assets in Africa, has successfully completed the acquisition of a stake in the KON 19 block, located in the Kwanza Basin onshore. This acquisition follows the announcement on July 10th, confirming the award of the Angola KON 19 onshore license by Presidential Decree, which was signed last weekend with the National Petroleum, Gas and Biofuels Agency (ANPG). As part of this

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Diamantino Azevedo, the Minister of Mineral Resources, Oil and Gas, will lay the first stone for the construction of Sonangol’s headquarters in Cabinda and Zaire today and tomorrow. According to the agenda, the minister, accompanied by Sonangol’s CEO Sebastião Martins and Afreximbank President Benedict Oramah, will visit the Falcão-2 and Amufert Projects in the city of Soyo, Zaire, where they will officially launch the construction of Sonangol’s headquarters in that oil city. In the afternoon,

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Angola’s new Cabinda crude oil refinery is set to commence operations later this year, with a target to reach full production of 30,000 barrels per day by July next year, according to Chief Executive Marcelo Hofke. Nearly two-thirds of the construction is complete, making Cabinda the most advanced of the three planned refineries. y These new facilities, including an upgraded Eni-supported plant in Luanda, are crucial for Sub-Saharan Africa’s second-largest oil producer to reduce its

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