he Board of Directors of the Institute of Industrial Projects is already in place. The act of taking office was led by the Chairman of the Board of Directors of ENDIAMA- EP, Ganga Júnior, at a ceremony held on Wednesday 17th in Catoca Village, Saurimo- Lunda Sul province. On the occasion, Ganga Júnior considered the creation of INPROITEC to be a great achievement for the Angolan mining sector. “The aim is to have the mining
The technical-scientific conference on Mining Workers’ Day, observed on April 27, commenced with a round table discussion focusing on the theme “History of Leadership in the Mining Sector.” Esteemed speakers, including industry leaders like Ganga Júnior, Paulino Neto, Eugénio Bravo da Rosa, and Jacinto Rocha, shared pivotal moments from their extensive careers spanning over 40 years in the sector. The event, attended by students and professionals, was organized under the guidance of Secretary of State
PetroAngola, under the leadership of Chairman Patrício Quingongo, is urging Angolan entrepreneurs to explore the potential business opportunities emerging from the Zone of Common Interest (ZIC) between Angola and the Democratic Republic of Congo (DRC). Quingongo believes that this initiative presents a unique chance for Angolan companies to spearhead significant segments of the oil market in the DRC. With a keen understanding of the Democratic Congo market, PetroAngola sees Angolans playing a pivotal role, leveraging
Afentra, an upstream oil and gas company, has received approval from the Angolan government to acquire a 12% stake in Block 3/05 and a 16% share in Block 3/05A from international energy firm Azule Energy. The acquisition process between Afentra and Azule Energy is in its final stages, with expectations to conclude the deal within the second quarter of 2024. Notably, the Angolan government has designated the Punja Development Area, located in Block 3/05A, as
A total of 785 jobs were generated by Sociedade Mineira de SOMILUANA, located in the municipality of Lucapa, province of Lunda-Norte, with the inauguration, last week, of a new sorting plant, which will increase production levels. The information was provided by the chairman of the company’s Board of Directors, Reinaldo Trindade, during the inauguration, revealing that 98 percent of the jobs created are occupied by Angolan citizens. Reinaldo Trindade announced that, with the start of operation of
Angola has taken a decisive step in curbing the illicit trade of petroleum products with the recent approval of Law No. 5/24. This legislation, aimed at combating smuggling, introduces harsh penalties for offenders and implements measures to confiscate assets gained from illegal activities. Under the new law, individuals involved in importing or exporting petroleum products to and from Angola face severe consequences, including prison terms ranging from three to twelve years. Moreover, swift mechanisms have
Trade between Angola and Indonesia rose from 190.6 million dollars in 2019 to 1,033 million in 2023, a growth of 84.95 percent in five years, announced last week in Luanda, the minister advisor for Economic Affairs of the Indonesian Embassy in Namibia. Sulthon Sjahril made these statements at the Angola/Indonesia Business Forum, adding that, in 2022 alone, Angolan exports of petroleum oils, oils obtained from bituminous minerals and crude amounted to US$837.63 million. That same
During the 1st quarter of this year, Angola exported around 94.41 million barrels of crude oil, valued at approximately US$7.77 billion, with an average price of US$83.161 per barrel. The data was announced this Wednesday, 25.04, during the presentation of the behavior of the Angolan oil and gas industry for the 1st quarter of 2024 and projection for the 2nd quarter. As in previous quarters, China was the main destination for Angolan oil (49.65%), followed
Yesterday in Luanda, Mankenda Ambroise, a consultant to the Minister of Mineral Resources, Oil and Gas (MIREMPET), delivered key insights at the 3rd Mining Business Forum in Angola, themed “Innovation and Sustainability: Towards Industry Transformation Minas Gerais.” The forum, scheduled to conclude today, serves as a platform to address challenges and opportunities in Angola’s mining sector. Ambroise, speaking on behalf of Minister Diamantino Azevedo, highlighted the ongoing efforts to diversify mineral production in Angola and
Angola’s energy sector continues to demonstrate resilience and potential, as highlighted by recent reports from the Ministry of Mineral Resources, Oil and Gas (MIREMPET). In the first quarter of 2024, the country exported a significant volume of Liquefied Natural Gas (LNG), Liquefied Petroleum Gas (LPG), and condensates, totaling 966,394 metric tons, generating revenue of $393.6 million. While these figures represent a slight decrease compared to the previous quarter, they underscore the ongoing strength of Angola’s
