Extension of Block 0 will yield US$27 billion by 2050

The country will raise US$27 billion with the extension of the concession of Block 0 in the maritime zone of Cabinda province, for another 20 years, until 2050, advanced, Minister of Mineral Resources, Petroleum. and Gas, Diamantino Azevedo said yesterday, february 23, in Luanda. The minister was speaking at the National Assembly, during the discussion and approval of the Legislative Authorization Project that authorizes the President of the Republic, as holder of the Executive Power,

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Chevron to Supply More Gas to Angola LNG

Sonamet and Sarens transported a 2,200-tonne Jacket platform from Belgium to Angola via a large vessel known as a barge. According to data from the institution to which Jornal de Angola had access, the Jacket is intended for the Sanha Lean Gas Connection (SLGC) project of the oil company Chevron.    The data indicate that the crew used 4 jacks of 200 tons for the movement with 20 ballast pumps to keep the barge at the right

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BP Oil International and Trafigura Supply Derivatives to Sonangol

BP Oil International will be Sonangol’s gasoline supplier for the next 12 months of the current year, the same period in which Trafigura will be responsible for supplying diesel to the national oil company, as winners of the public tender held on 6 January to February 14, within the framework of the Logistics Superintendence of the Petroleum Derivatives System, which establishes the award for each of the products. According to a note sent to Jornal

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Saurimo Diamond Hub Awaits Private Investment

The Saurimo Diamond Development Pole, in the province of Lunda-Sul, has more than 20 lots available that are waiting for private investment in the diamond cutting sector. The information was provided by the consultant to the Minister of Mineral Resources, Oil and Gas, Mankenda Ambroise, on the sidelines of the 2nd edition of the exhibition and parade of jewelry with embedded diamonds from Angola, held Thursday 16th February in Luanda. The person in charge said

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36 Diamonds Recovered at Lulo kimberlite L164 and kimberlite L056 samples

Lucapa Diamond Company and its project Lulo partners, Endiama and Rosas & Petalas, have recovered 23 diamonds from a second sample from kimberlite L164 and 13 diamonds from kimberlite L056. Lulo kimberlite bulk sample KBS/164/02, totalling 365 m3 of kimberlite material was processed through the Lulo Kimberlite Bulk Sample Plant, yielding 16.32 carats at a recovered grade of 4.47 cphm3, with the largest diamond recovered weighing 2.38 carats. This is the highest grade yet recovered from

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EITI International Secretariat Visits Angola

From the 14th to the 18th of February, the working visit of the International Secretariat of the Extractive Industry Transparency Initiative (EITI) to Angola takes place. According to a note sent to JA Online, EITI’s work agenda includes analyzing both the degree of execution of the Work Plan, as well as the structure of the National Secretariat.  The delegation’s visit also includes the sharing of information on the status of implementation of EITI Angola, meeting

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ENDIAMA congratulates “Luachimo” for its Six Years of Existence

The chairman of Endiama’s Board of Directors, JosĂ© Manuel Ganga JĂşnior, congratulated Sociedade Mineira de Luachimo (SML) and its collective of workers for yet another year of existence, marked last Friday,10th February. In a note, on the occasion of the 6th anniversary of Sociedade Mineira de Luachimo, Ganga JĂşnior praises the efforts undertaken by its Management Board to maintain the mine’s production levels. The PCA of Empresa Nacional de Diamantes de Angola reiterated, on the

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Ports in Angola discuss the state of infrastructure

Security specialists, professionals and managers, managers of ports, maritime terminals and other operators, as well as port captaincies, recently participated in a round table on the theme “The importance of corridors in the growth of ports and the economy national” and at the symposium “Improving security in ports in Angola”. According to a document that JA had access to yesterday, 13 feb the two events were organized by the Association of Ports of Angola (APANG).

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Brent starts session with a 0.61% decline

Brent oil (a benchmark for Angolan exports) for delivery in April started the week’s session, this Monday, February with a drop of 0.61 percent, standing at US$85.86 a barrel. On Friday 10th February (end of session), Brent for April was traded on the Intercontinental Exchange (ICE) up   2.24 percent ($1.89), at $86.39 a barrel. In turn, WTI oil, a benchmark in the United States of America, fell by 0.68 percent yesterday 13th Feb to US$79.19. Globally, oil

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Mines Minister Foresees a Robust Mining Industry for Angola

 Angola’s minister of Mineral Resources, Oil and Gas Diamantino de Azevedo said Tuesday 7th Feb in Cape Town, South Africa, that the country is in the process of having a stronger mining industry, which could contribute to the diversification of the country’s economy. The minister said so after addressing a topic on “Critical Minerals for Energy Transition”, a lecture addressed to several players in the mining market at the International Conference on Mining in Africa,

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