Angola has registered a “certain stabilization” in oil production since 2021, the result of actions and agreements that it has been establishing in this field, “it has all the instruments to exonerate the decline” and does not fear “negative” international projections, he said this yesterday 14th March, the chairman of the Board of Directors of the National Petroleum, Gas and Biofuels Agency (ANPG), Paulino Jerónimo. “There is indeed this international concern about the decline in
The executive president of the distributor of fuels and other oil derivatives Pumangol, Ivanilson Machado, declared that, despite the current circumstances of difficult balancing of the economic balance due to the difficulties inherent in subsidizing fuel prices, due to the delay in liberalizing prices, the company remains committed to developing its sustained growth strategy. Evanilson Machado made these statements on the sidelines of the inauguration of the company’s 80th filling station, in Luanda, at the
The Ministry of Mineral Resources, Oil and Gas will work on the long-term strategy, according to advanced information at the Forum of the Association of Prospectors and Developers of Canada (PDAC), which took place from the 5th to the 8th of this month. Participation in the event aimed to attract the largest companies in the world’s extractive industry to the mineral resources sector, in addition to those already operating in the market, as well as
Heavily dependent on oil revenues and investment, Angola is opening up its economy like never before as it pursues opportunities in sectors such as agriculture, fisheries, industry and financial services with the help of established foreign partners, including Japan. The Angolan economy is opening up to investors like never before, with the recent acceleration of its drive to diversify and attract the interest of foreign companies active in a wide range of industries and sectors.
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
