Demand for oil is expected to reach an all-time high in 2024, and is expected to decline thereafter, bringing prices down by almost 20% in 2050, compared to current levels, according to an analysis by Crédito y Caución, released today, 14th March. “In the reference scenario of the long-term credit insurer, which assumes that the various energy commitments already announced by the different countries and governments will be fulfilled, the demand for oil will reach
The consultant Fitch Solutions considered, Monday, that the oil refining capacity in Angola will more than double, going from the current 100 thousand barrels of oil per day, to almost 250 thousand in 2025. The oil refining segment in Angola will expand rapidly until the middle of this decade, fueled by the Cabinda refinery and the Soyo project”, writes Fitch Solutions. The consultant points out that this growth in refining capacity “results from the Angolan
The headquarters of the Regional Center for Renewable Energy and Energy Efficiency in Central Africa (CEREEAC) will be inaugurated, Friday, in Luanda, in an act to be chaired by the Minister of Energy and Water, João Baptista Borges, JA Online learned. “This center is a ECCAS specialized institution, whose mission is to ensure the coordination of the implementation of the ECCAS policy on renewable energies and energy efficiency and to promote the creation of an
The Minister of Energy and Water, João Baptista Borges received, this Thursday, in audience, the executive director of the World Bank group for Angola (WB), Nigeria and South Africa, Ayanda Dlodlo. JA Online learned from a note that, at the meeting, several subjects were addressed, with emphasis on the programs in execution, namely the Project for Improvement and Access to the Electricity Sector (ESIAP), the Project for Institutional Development of the Water Sector ( PDISA)
The new Pumangol post, on Avenida Pedro de Castro Van-Dúnem “Loy”, in the municipality of Talatona, in Luanda, represents an investment of US$3.7 million, which resulted in 45 direct jobs. The information was advanced, on Tuesday night, during the opening act, by the chairman of the Board of Directors of Pumangol. Ivanilson Machado said that the last Pumangol post had opened in 2020. Since then, according to its PCA, there has been a slight stagnation,
This Tuesday 7th Mar, the European Investment Bank (EIB) reaffirmed its commitment to finance projects in Angola in the Energy and Water, Health and Agro-industry sectors. The matter was analyzed today 8th Mar, in Doha, Qatar, at a meeting between the Minister of Economy and Planning, Mário João, and the vice-president of the EIB, Thomas Ostros, on the sidelines of the 5th United Nations Conference on Least Forwards, LDC5 (acronym in English), which takes place
The National Agency of Petroleum, Gas and Biofuels (ANPG) and Cabinda Gulf Oil Company Limited (CABGOC), a subsidiary of Chevron, announced the start of oil production at the Lifua-A project, forecast to produce 6,500 barrels/day. The Lifua-A platform, in Block 0, is interconnected to the existing facilities in the Takula area and is expected to produce a total of 6,500 barrels of oil per day from the Vermelha and Likouala reservoirs. According to the ANPG,
The Minister of Finance, Vera Daves de Sousa, said this Tuesday morning on the “Café da Manhã” program on LAC radio, that the fuel subsidy costs the Government between US$3 and US$4 billion. According to the minister, these numbers should be analyzed with the importance they deserve, as the social sector would need these values a lot. Vera Daves de Sousa recalled, for example, that the Integrated Plan for Intervention in Municipalities (PIIM) is funded
The national company that distributes oil derivatives, Pumangol, will inaugurate today, starting at 6 pm, the 80th Supply Station of the distribution network, located at Avenida Pedro de Castro Van-Dúnem Loy, Talatona, in Luanda According to a press release sent to Jornal de Angola, the project is one of the company’s main assets and is part of the programs contained in the National Development Plan Based on the National Development Plan (PDN) 2018/2022 and the
The impact of the war in Ukraine is being felt far beyond the European continent. In a bid to cut its dependence on Russian gas, Europe is keen to shore up its energy supply and look for alternative sources. As the war in Ukraine passed its one-year mark, and following the visit of French President Emmanuel Macron and Felipe VI, the King of Spain, Euronews spoke to Angola’s President João Lourenço about the vision of Africa’s second-largest
