The president of the Board of Directors of Porto do Lobito EP, Celso Rosas, announced plans to forge new partnerships with international entities to secure additional financing and address developmental challenges facing the port. Rosas outlined these goals during a meeting in Lobito, Benguela province, with the team from the Committee for Foreign Affairs of the United States House of Representatives (HFAC). He expressed hope that the visit by the American deputies would validate the
An aluminum processing industry with an annual capacity of 100 thousand tons will be constructed in the Barra do Dande Free Trade Zone, Bengo province, at a cost of US$200 million. The initiative, led by the Chinese company Wutong Group, will occupy a 400-hectare site, according to sources from the Angola-China Chamber of Commerce reported by JA Online. The project, slated to create approximately three thousand jobs by 2027, saw its ceremonial cornerstone laid in
Angola’s diamond production reached 4.18 million carats between January and May this year, as reported by the Ministry of Mineral Resources, Oil and Gas via Jornal de Angola. During the 14th thematic session “Communicate for Angola,” which centered on the Program for Development and Modernization of Geological-Mining Activities (2023/2027), Secretary of State for Mineral Resources, Jânio Correa Victor, emphasized the need to attract national and foreign investment. This initiative aims to boost diamond production and
Officials from the Ministry of Mineral Resources, Oil and Gas (MIREMPET) convened on Tuesday to review objectives, goals, challenges, and strategies outlined in the National Development Plan (PDN) 2023-2027. Led by Minister Diamantino de Azevedo, the meeting included State Secretaries, national directors, Boards of Directors, supervisors of institutions, and senior managers from key companies involved in mineral and hydrocarbon resources. The details were shared by MIREMPET on Facebook.
Etu Energias, formerly known as Somoil, plans to increase its current crude oil production from 25,000 to 50,000 barrels per day by 2026, announced the company’s Board of Directors President during a press briefing in Soyo. Speaking at a ceremony where 220 graduates received certificates from the Soyo Polytechnic Institute (IPS), Edson dos Santos emphasized the company’s strategic focus on profitable and sustainable growth through investments in human capital and digital technologies. As a petroleum
The 1st National Diamond Conference, organized by CATOCA Chair and the Center for Studies and Scientific Research of the Higher Metropolitan Polytechnic Institute of Angola, convened in Luanda under the theme “Economic Potential and the Impact of Its Industry on National Development.” During the opening address, Paulo Tanganha, the national director for Mineral Resources at the Ministry of Mineral Resources, Petroleum and Gas, underscored the pivotal role of the diamond sub-sector in driving Angola’s economy.
Jânio Corrêa Victor, the Secretary of State for Mineral Resources, emphasized last week in Luanda that Angola is committed to diversifying its mineral production to increase the sector’s contribution to more than 2% of the Gross Domestic Product (GDP). Speaking at the Aníbal de Melo Press Center during thematic sessions organized by the Ministry of Telecommunications, Information Technology, and Social Communication, Victor outlined the “Objectives and Main Projects included in the National Development Plan 2023-2027”
Rare earths mining company Pensana has announced the appointment of Luigi Bruni as the construction manager for the site team at the Longonjo rare earths project in Angola. Bruni brings extensive experience to the project, having served as construction manager for 15 international mining and oil and gas projects over the past 20 years. Recently, containerized accommodation facilities for 350 personnel arrived in Angola from South Africa via sea, rail, and road. The successful confirmation
Galp has finalized the sale of its stakes in key projects in Mozambique and Angola, marking a strategic shift in its portfolio. In May and June 2024, the Portuguese energy company sold its blocks and shares in these regions, starting with a significant transaction involving the Abu Dhabi National Oil Company (ADNOC). Reuters and Bloomberg first reported in May that Galp sought to sell a 40% stake in the Mopane discovery PEL 83 in the
The United States is supporting Angola’s transition from an oil-dependent economy to a hub for critical minerals processing and clean power exportation, according to a senior US official. “Angola and the United States are aligned on all the major points related to energy access, energy security, decarbonization, and critical minerals,” stated US Assistant Secretary of State for Energy Resources Geoffrey Pyatt during an online media briefing on Tuesday. Angola, a leading crude oil producer in
