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Local Economy News Oil

Angola Exceeds Oil Production Targets with 33.8 Million Barrels in November

In November, Angola produced over 33.8 million barrels of oil, averaging approximately 1.1 million barrels per day, according to the National Agency for Oil, Gas, and Biofuels (ANPG). The official monthly report on oil production, accessed by VerAngola, revealed that the country achieved a total of 33,841,872 barrels during the month. “Angola’s oil production for November was 33,841,872 barrels, which corresponds to a daily average of 1,128,062 barrels per day (BOPD), surpassing the projected 1,073,910

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Local Economy Partnerships

Angola and South Africa Strengthen Economic Ties During President Lourenço’s Visit

Angolan President João Lourenço visited South Africa last week to strengthen economic ties and explore strategic partnerships between the two nations. The visit aimed to enhance bilateral trade and investment, focusing on key sectors such as energy, mining, infrastructure, and logistics. Discussions centered on maximizing the benefits of the African Continental Free Trade Agreement, advancing mineral beneficiation strategies, and leveraging Angola’s Lobito Trans-Africa Corridor as a model for regional integration. Both countries also explored cross-border

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Local Gas Mining Projects Oil

ANPG Plans New Oil and Gas Projects to Sustain Production Beyond 2027

The National Agency for Oil, Gas, and Biofuels (ANPG) has announced that the Agogo Full Field (Block 15/06), CLOV (Block 17), Begonia (Block 17/06), Greater Infills, Plutonium (Block 18), and KARI (Block 32) projects will begin production in 2025. These are among the key assets to help maintain oil production above one million barrels per day until 2027, as outlined in the ANPG’s report presented at the X Consultative Council of the Ministry of Mineral

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Local Transport and Logistics

Lobito Corridor Key to Sustainable Economic Development and Regional Integration

The importance of the Lobito Corridor in fostering inclusive and sustainable economic development in the region was recently highlighted by the EU-Angola Dialogues team, which visited Benguela. According to a press release sent to Jornal de Angola, the Lobito Corridor is part of the European Union’s Global “Gateway” strategy and is a central element in its cooperation with Africa, contributing to regional economic growth and integration. The project, the statement explains, involves the development and

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Corporate News Diamonds Local

Catoca Mining Company Wins Major Awards at Angola Mining Awards 2024

The Sociedade Mineira de Catoca emerged as the top winner in the “Mining Operator of the Year in the Diamond Industry” category at the inaugural Angola Mining Awards held in Luanda on Friday. The event, which aimed to recognize the standout players in the mining industry over the past year, celebrated various achievements across multiple sectors. Pedra Rubra won the “Marketing and Jewelry” category, while the “Cutting” category was claimed by the Kassinga Project in

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Corporate News Gas Local Oil

Sonangol E.P. Boosts Efficiency with 30% Increase in Block 3/05 Production

Sonangol E.P. has implemented a series of key initiatives between 2019 and 2024 to address declining production, the impacts of the COVID-19 pandemic, and improve operational efficiency. Key milestones include the development of a strategy to mitigate production declines, restoring water injection systems, restarting production in Block 3/05A, and achieving a 30% production increase in Block 3/05 in 2023, equating to 6,000 barrels per day. According to a report seen by Jornal de Angola, by

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Local Economy News

Angola and U.S. Forge Partnership to Boost Trade and Investment

Angola’s Ministry of Commerce and the U.S. Department of Commerce have signed a Memorandum of Understanding (MoU) to establish the U.S.-Angola Commercial and Investment Partnership (CIP). This landmark agreement seeks to foster private sector collaboration and identify opportunities in agricultural technology, infrastructure, and other key sectors. “Through the CIP, the Department and Ministry plan to engage with private sector stakeholders to promote equitable, private sector-led economic growth,” stated the U.S. Department of Commerce. The agreement

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Local News Renewable Energy

Angola’s Energy Sector Set for Major Milestones in 2025

Angola is gearing up for a transformative year in 2025, marked by key developments in oil, natural gas, and renewable energy. With a strong focus on maintaining crude production above one million barrels per day (bpd) and diversifying its energy mix, the country is advancing projects in green hydrogen, solar energy, and natural gas. Angola’s next international oil and gas tender is slated for the first quarter of 2025. As part of the six-year licensing

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Local Economy News Oil

Angola to Focus on Stabilizing Oil Production Amid Challenges

Angola is intensifying efforts to address imbalances in oil production, a challenge the country is progressively overcoming, according to Diamantino Azevedo, Minister of Mineral Resources, Oil, and Gas. Speaking at the 10th Advisory Council Meeting of the Ministry, held under the theme “Mineral Resources, Oil and Gas: Challenges and Solutions,” the minister emphasized ongoing strategies to stabilize oil production above one million barrels per day. Minister Azevedo underscored the ministry’s focus on increasing the replacement

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Corporate News Diamonds Economy Local

Endiama Targets Increased Diamond Production Despite Challenges

Endiama, Angola’s state-owned diamond company, has projected a production target of 15.1 million carats of diamonds for 2025, surpassing the 14.6 million carats forecasted for 2024. These projections were announced during the 10th Advisory Council meeting of the Ministry of Mineral Resources, Oil, and Gas, held under the theme: “Mineral Resources, Oil and Gas: Challenges and Solutions.” In the past year, Endiama focused on optimizing production processes and enhancing geological and mining research, especially in

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