12 projects were licensed for the production and export of gold, but only 5 started. At a time when the 1st stone was laid for the construction of a refinery. Seven of the 12 projects licensed for the production and export of gold in Angola have not started activity, reveal data from the Ministry of Mineral Resources, Oil and Gas (MIREMPET) released at the time of laying the foundation stone for the construction of the first
Angola represents one of the richest mineral markets in the world, with sizeable gold, diamond, iron ore and rare earth minerals leading to the development of large-scale mining operations across key basins. At the forefront of the country’s mineral wealth is the diamond sector, with the $1.2 billion industry positioning Angola as the fourth largest producer globally and the second largest in Africa. Now, with ambitions to further diversify the economy on the back of
The Cabinda Refinery equipment was tested on May 2, in Houston, at the facilities of VFuels, the company responsible for its construction. The result of the Factory Acceptance Test was positive, followed, now, by the shipping phase to Angola and, later on, its assembly in Cabinda. The Factory Acceptance Test verifies and certifies that the equipment produced and packaged meets the functionality and the defined objectives, before delivery at the destination, being one of the decisive
Angola’s National Agency of Petroleum, Gas and Biofuels (ANPG), along with French oil and gas supermajor, TotalEnergies, and its partners have made a Final Investment Decision (FID) of $850 million for the launch of the CLOV Phase 3 Project in Block 17, offshore Angola. The investment is expected to increase production while reducing operating costs through the standardization of subsea equipment, innovative engineering, and contractual structures. Situated approximately 150km off the Angolan coast in the
As a diverse sector with a large consumer base and offering a complex range of services, Angola’s energy sector is responsible for the manufacture, distribution, and supply of energy to both the southern African country’s domestic population and its businesses. Extensive support is available from the tertiary sector of the economy for Angola’s energy industries via key service companies. These specialize in fields such as logistics; transportation; professional services; telecommunications and media; human resource management;
Oil Field Calculator is an Angolan company offering customized solutions to project costs for energy and industrial projects. Energy Capital & Power spoke to Silverstre Lombo, CEO of Oil Field Calculator to understand the firm’s technology and services and the impact it has on the Angolan energy sector. Oilfield Calculator is an Angolan company established to produce cost estimations for the oil and gas industry since 2017. Please tell us more about the inception of your
