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Port of Lobito Showcases New Management Model at Benguela International Fair

The Port of Lobito unveiled its new “Landlord Port” management model, called the Senhorio program, during the 13th edition of the Benguela International Fair (FIB) 2024. This model shifts the port’s role from direct container handling operations to overseeing and regulating maritime and port activities. Implemented in the last quarter of the previous year, the Senhorio program delegates container loading and unloading operations to concessionaires. África Global Logistics (AGL) now manages the Multipurpose Terminal for

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Local News Oil

TechnipFMC Delivers First Subsea 2.0 Production System to TotalEnergies for Angola’s CLOV Project

Energy engineering and technology company TechnipFMC has successfully delivered the first Subsea 2.0 Production System to TotalEnergies. This innovative system aims to simplify, compact, and enhance submarine equipment, boosting production for the CLOV project in Block 17 offshore Angola. The Subsea 2.0 Production System results from a contract signed between TechnipFMC and TotalEnergies, under a framework agreement established in May 2022. This system is crucial for developing Phase 3 of the CLOV project in Block

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Local Gas Mining News Oil

Diamantino Azevedo Calls for Increased Investment in Angola’s Mineral Resource Processing

The Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, emphasized the urgent need for greater investment in the transformation of Angola’s mineral resources through the construction of more processing factories. Speaking at the IX Extended Consultative Council in Cuito, Bié province, Azevedo highlighted the critical issue of Angola and Africa being predominantly raw material producers, exporting these materials to industrialized nations that reap the maximum benefits. “Currently, our country still imports around 20 percent

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Renewable Energy Local News

Luena Solar-PV Energy Park Inaugurated to Boost Angola’s Energy Diversification

The Luena Solar-Photovoltaic Energy Park in Moxico, with an installed capacity of 25.3 megawatts peak (MWp) and the potential to supply electricity to 59,463 customers, was officially activated on Friday last week. This project is part of the Angola 2025 Plan, a government initiative aimed at diversifying the country’s energy mix and ensuring that 82 percent of the rural population has access to electricity. According to a statement from the Ministry of Energy and Water,

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Local News Transport and Logistics

Luanda Truck Drivers Call for Government Support to Modernize Aging Fleet

Osvaldo Mateus, president of the Association Núcleo dos Camionistas de Luanda (ANCL), has called on the government to provide institutional financing for acquiring new truck fleets, replacing those that are over 30 years old. In an interview with Jornal de Angola, Mateus highlighted that despite some ANCL members owning five to ten trucks, the majority of vehicles are over three decades old and in dire need of replacement. He emphasized the “notorious shortage of parts

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Oil Economy Local News

Angola Pledges Stability in Investor Contracts and Embraces New Technologies in Oil Sector

Angola is committed to maintaining stability in contracts with external investors while investing in new technologies to enhance the oil sector. This was announced by the Minister of Mineral Resources, Oil, and Gas, Diamantino Pedro Azevedo, during the opening of the “1st Offshore Exploration Forum in Angola” held in Luanda. Minister Azevedo emphasized that the strength of Angola’s oil sector lies in the stability of its contracts with companies. He assured that this cooperation would

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Local News Oil

Liberia and Angola Forge Stronger Ties in Oil and Gas Sector

Liberia’s Foreign Minister H.E. Sara Beysolow Nyanti, representing His Excellency Joseph Nyuma Boakai, Sr., President of the Republic of Liberia, met with His Excellency João Lourenço, President of the Republic of Angola, at the Presidential Palace in Upper City, Luanda. This high-level diplomatic engagement marks a significant step forward in bolstering bilateral relations, with a particular emphasis on cooperation in the oil and gas sector. During the meeting, both leaders expressed their commitment to deepening

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Local Economy News Oil

Angola Prioritizes Contract Stability and Technological Investment in Oil Sector

Angola aims to maintain stability in contracts with external investors for the development of its oil sector while investing in new technologies. This was announced by the Minister of Mineral Resources, Oil and Gas, Diamantino Pedro Azevedo, during the opening of the “1st Offshore Exploration Forum in Angola” held in Luanda yesterday. Minister Azevedo highlighted that the stability of contracts with companies has been a cornerstone of Angola’s robust oil sector. He emphasized the importance

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Local News

Angolan Security Forces Halt Illegal Cryptocurrency Mining Operation

Security forces in the neighborhood of Chiva, on the outskirts of Huambo, halted an illegal cryptocurrency mining operation led by two Chinese nationals, ANGOP reports. In a statement to the press, sub-inspector Abel Kangombe, spokesperson for the Criminal Investigation Service (SIC) in Huambo, revealed that the suspects had been conducting these illicit activities since last year in disguised facilities. Kangombe explained that the virtual currencies were produced in workshops, party venues, and milling industries, making

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Local News Oil

Angola Holds Potential for 50 Billion Barrels of Untapped Oil Reserves

Angola has an estimated potential of approximately 50 billion barrels of oil, with nearly 10 billion already discovered, according to Ana Miala, executive director of the National Oil, Gas and Biofuel Agency (ANPG). Speaking at the first Offshore Exploration Forum in Luanda, Miala emphasized the need for increased investment to fully exploit this potential and enhance the competitiveness of Angola’s crude oil market. She highlighted that contractual stability and favorable laws are critical factors encouraging

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