China’s Ambassador Highlights Benefits of Caio Deep Water Terminal in Angola

China’s ambassador to Angola, Zhang Bin, emphasized the significant advantages the Caio Deep Water Terminal in northern Cabinda will bring to commercial relations between Angola, other African regions, and beyond. Speaking during his recent visit to the terminal’s construction site, Ambassador Zhang noted that the project would not only foster socio-economic development in Cabinda province but also enhance trade exchanges with various regions across the continent and globally. The diplomat expressed keen interest in the

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Moçâmedes Railway Resumes Operations After Flood-Induced Losses

The Moçâmedes Railway (CFM) incurred a loss of approximately 160 million Kwanzas (about $190,704) during a 31-day suspension of operations on the Huíla/Cuando Cubango section due to severe rains that washed away two hydraulic crossings. The flooding on February 3rd and 4th significantly damaged the railway infrastructure, destroying the hydraulic passages between the towns of Chanja and Olivença. Repairs, which took a month to complete, cost the public company based in Lubango around 100 million

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TotalEnergies chooses Angola over Nigeria for $6 billion energy project

French oil major TotalEnergies has chosen Angola over Nigeria for a $6 billion energy project. The oil giant is moving forward with the development of the Kaminho oil project, located 100 km off the coast of Angola, following a final investment decision on the block, it announced on Tuesday. The $6 billion project involves developing two oil fields, Cameia and Golfinho, located in Block 20/11, according to a statement from Angola’s national hydrocarbon agency, ANPG.

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Luachimo Hydroelectric Plant Inaugurated, Boosting Economic Growth in Eastern Angola

The inauguration and commencement of full operations at the Luachimo Hydroelectric Plant in Lunda-Norte marks a significant step in revitalizing economic growth in Angola’s eastern provinces. The plant, with a capacity of 34 megawatts (MW), will initially supply electricity to the city of Dundo. Minister of Energy and Water João Baptista Borges, speaking at the inauguration ceremony, emphasized the importance of the project in integrating the future 220 KVA electricity network connecting Dundo, Lucapa (Lunda-Norte),

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Angola Plans to Bid for Over 50 Oil Blocks by 2025

Angola aims to bid for more than 50 oil blocks by 2025, announced José Paulino, the President of the Board of Directors of the National Agency for Petroleum, Gas, and Biofuels (ANPG), on Tuesday in Luanda. Speaking at the opening of the 1st Luanda Exploration Forum, Paulino emphasized that this ambitious bidding plan underscores the government’s dedication to the development of the oil sector. “These actions reflect our country’s vision of increasing production in a

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Angola’s Oil Production Set to Rise by 3% in 2024

Angola’s oil production is expected to increase by 3% this year, rising from 1.13 million barrels per day (bpd) in 2023 to 1.16 million bpd in 2024, according to British consultancy Oxford Economics. Despite a slight drop in production in April, where output fell to 1.11 million bpd, 60,000 barrels less than the previous month, production has overall increased since the beginning of the year. Oxford Economics forecasts that Angola’s oil production will maintain an

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Kwame Oil e Gás to Invest $1 Million in Infrastructure and Training

By the end of the year, Angolan company Kwame Oil e Gás will invest $1 million to improve infrastructure and high-pressure washing equipment in oil tanks, announced General Director Aurélio dos Santos on Monday in Luanda. In an interview with Jornal de Angola, dos Santos highlighted that unlike some local companies, Kwame Oil e Gás, a consortium with 100 percent Angolan capital, prioritizes the training and development of local young people with no prior experience.

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Sonangol, Total Energies, and Petronas Partner for $6 Billion Oil Exploration Project in Angola

On Monday in Luanda, Sonangol, Total Energies, and Petronas signed a joint partnership agreement to explore and produce oil in the Kaminho Project of Block 20. This investment, valued at $6 billion, is expected to ensure a daily production of 70,000 barrels by 2028. The Kaminho Project in Block 20 includes the Cameia and Golfinho fields, located 100 kilometers off the coast of Luanda. The block has oil reserves estimated at 400 million barrels. Total

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Luena Photovoltaic Plant Set to Boost Moxico’s Energy Supply by Next Month

The Luena Photovoltaic Plant in Moxico province is slated to become operational next month, following the completion of electrical grid interconnection work scheduled for May 30th. This project will significantly enhance the city’s electricity distribution capacity, contributing over 26 MW to the local grid. According to the Moxico provincial government’s Facebook page, the plant is currently in its experimental phase and has the capacity to meet the energy demand of approximately 20 MW. The final

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Angola Gears Up for Extractive Industry Transparency Initiative (EITI) Evaluation

The Extractive Industry Transparency Initiative (EITI) is set to evaluate Angola again in October, marking a crucial step in certifying members’ compliance with transparency standards. According to Beatriz Catomi, Deputy Director of the National Secretariat for the Implementation of the EITI, the second evaluation report will be released in September, a month ahead of the evaluation process. Catomi made these remarks yesterday during the opening of a seminar in Luanda, aimed at informing stakeholders about

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