French Energy Companies Strengthen Angola Presence Amid $18 Billion Investment Portfolio A French business delegation from the energy sector arrived in Angola this week to explore investment opportunities, at a time when French investment in the country exceeds $18 billion. “We have a business mission with ten companies,” said Sophie Aubert, French Ambassador to Angola, during a press briefing in Luanda. “They are not only here to make contacts but also to establish operations and
Angola Oil & Gas 2025 Highlights Natural Gas, Refining Expansion, and $60 Billion Investment Portfolio Oil and gas continue to drive Angola’s economic development, taking center stage at Angola Oil & Gas (AOG) 2025, which kicks off Wednesday with more than 2,500 delegates from 40 countries. Luis Conde, Director of the event—the largest industry conference in Angola—expressed optimism about the country’s energy strategy, emphasizing that Angola remains attractive to investors despite volatile crude prices. “The
Angola’s Cabinda Oil Refinery to Begin Fuel Production by 2025, Reducing Reliance on Imports Angola’s long-awaited Cabinda oil refinery, the first new refinery built since the country gained independence nearly five decades ago, is expected to start producing fuel before the end of 2025, Oil and Gas Minister Diamantino Azevedo announced Monday. The 30,000-barrel-per-day (bpd) facility will be Angola’s second refinery and aims to reduce the country’s dependence on costly fuel imports, especially as the
Angola’s Future: High-Tech Diamonds, Digital Oilfields, and Renewable Power Angola is reshaping its economic identity through a high-tech transformation of its diamond and oil & gas industries. Long reliant on raw exports, the country is now investing in artificial intelligence, blockchain, and clean energy to create sustainable, transparent, and efficient resource sectors. The Saurimo Diamond Development Hub in Lunda Sul province is a centerpiece of Angola’s diamond renaissance. The complex integrates polishing factories, a hybrid
Angola’s Oil & Gas Sector Embraces Digital Transformation and Clean Energy Transition Angola is accelerating its transformation into a modern energy hub by deploying cutting-edge digital technologies in oil and gas exploration while expanding its renewable energy portfolio. The country, traditionally dependent on crude exports, is pursuing a balanced strategy: boosting efficiency in hydrocarbon production while investing in clean energy and infrastructure that can power sustainable growth. Angola’s oil-rich offshore basins remain a cornerstone of
Angola Diamond Industry Poised for Growth with Focus on Sustainable Exploration The diamond subsector in Angola holds promising prospects, despite ongoing challenges, said Laureano Afraid Paulo, Executive Administrator of ENDIAMA-EP, during a press briefing in Luanda. Speaking on the final day of Expo Catoca, where he participated in a panel on “The Future of the Diamond Subsector: Reserves, Innovation, and Added Value,” Laureano Paulo emphasized that rising production levels bring increased responsibility to ensure diamond
Angola’s National Diamond Company Highlights Sustainability and Social Responsibility at Expo Catoca The National Diamond Company of Angola is participating in the inaugural edition of Expo Catoca, presenting an exhibition that highlights its diverse areas of operation, with a strong focus on environmental sustainability and social responsibility. The event, which concludes on Thursday, July 28, has impressed participants and coincides with the 30th anniversary of Sociedade Mineira de Catoca. During the opening ceremony, Diamantino Azevedo,
Pensana Meets U.S. Government to Establish Strategic Rare Earth Supply Chain Amid China Restrictions Rare earths developer Pensana has announced that its CEO Tim George and CCO Will Izod recently met with David Copley, deputy director for critical and emerging technology at the White House National Security Council, to discuss establishing a secure and resilient rare earth supply chain into the United States. The meeting concluded a week of high-level engagements in Washington, during which
Angola–UAE Non-Oil Trade Hits $2.2 Billion, Boosting Logistics and Transport Growth Non-oil trade between Angola and the United Arab Emirates (UAE) reached US$2.2 billion in 2024, marking a 36% increase compared to 2019. This milestone reflects growing mutual trust, rising investment opportunities, and the consolidation of a long-term strategic alliance between the two nations. As part of this deepening partnership, new memorandums of understanding were signed with AD Ports Group to modernize Angola’s port and
AD Ports Group and Angola Partner to Launch Digital Logistics Platform and Expand Truck Fleet The Ministry of Transport of the Republic of Angola has taken a major step toward modernizing the nation’s logistics sector through a series of strategic agreements signed with AD Ports Group. These agreements include the development of a Single Digital Logistics Window and the expansion of Angola’s national truck fleet, both critical initiatives to enhance efficiency and competitiveness. In addition
