Sonangol raised 20,197 million kwanzas with the sale of the shares it held in Banco Caixa Geral de Angola (BCGA), with demand exceeding supply by 142.02%, announced this Thursday, the Debt and Securities Exchange Angola (BODIVA). According to a BODIVA press release, the price of the shares was fixed at five thousand kwanzas for the general public, corporate bodies and workers, who could access 10% of the capital, and 3,399 kwanzas for Angolan shareholders to
The Angolan oil sector should soon see the entry of new projects, which will add added value to the market as a result of new investments. The consultancy Oxford Economics Africa predicted, at the start of this week, that oil production in Angola will rise 4.4 percent this year, to 1.18 million barrels a day, after having grown 3.8 percent from January to August. . “Oil production in Angola continues to improve this year, in
During the continent’s premier event for the oil and gas sector, an Invest in Equatorial Guinea side event will showcase the numerous opportunities present across the country’s energy landscape Taking place under the theme Exploring and Investing in Africa’s Energy Future while Driving an Enabling Environment, the 2022 edition of African Energy Week (AEW) (https://AECWeek.com/) – taking place from October 18-21 in Cape Town – will not only drive Africa’s narrative on global energy matters
The Deputy Prime Minister, Minister of the Environment and Sustainable Development, Eve Bazaïba, presented to the Council on Friday, September 16, the file relating to the environmental aspect of the Call for tenders for the exploration of 27 oil blocks and 3 gas blocks launched by the Government on July 28, 2022. On this occasion, she recalled “that no provision of the international legal instruments ratified by the Democratic Republic of Congo prohibits its Government
The three-year partnership aims to drive investment and energy security to South Africa The Central Energy Fund and Africa Oil Week (https://Africa-OilWeek.com) are proud to announce a three-year partnership to drive investment and energy security for South Africa. The Central Energy Fund (CEF) is a state-owned diversified energy company that reports to the Department of Mineral Resources and Energy of the Republic of South Africa. Its mandate is to contribute to the security of the
The Central Energy Fund will drive dialogue around how Africa can maximize energy developments to address its looming energy shortages as the host National Oil Company and a platinum sponsor of AEW 2022 With Africa seeking to accelerate its economic growth whilst ensuring energy access for all, the optimal production and exploitation of the continent’s estimated 125.5 billion barrels of crude oil and 620 trillion cubic feet of gas reserves is key, and Africa’s national
Africa’s leading oil and gas event sees the strongest presence of Ministers and Government officials Libya’s Minister of Oil and Gas, Hon. Mohamed Mahemed Oun is amongst over 30 ministers Africa’s leading oil and gas event sees the strongest presence of Ministers and Government officials attending Africa Oil Week 2022 (https://Africa-OilWeek.com). Africa Oil Week is thrilled to announce Hon. Mohamed Mahemed Oun’s attendance at the leading Oil and Gas event in South Africa’s Cape Town.
Angola produced, in August this year, 36,406,716 barrels of oil, corresponding to an average of 1,174,410 barrels/day. Compared to July, there was a drop of 85,338 barrels, when the country produced 36,492,054 barrels of “crude”. And according to the website of the National Agency of Petroleum, Gas and Biofuels (ANPG), during the same period, the production of associated gas was 89,522 million cubic feet, corresponding to a daily average of 2,888 million cubic feet Compared
The consultancy Oxford Economics Africa predicts that oil production in Angola will rise 4.4% this year, to 1.18 million barrels a day, after having grown 3.8% from January to August. “Oil production in Angola continues to improve this year, in line with our projection; production grew 3.8% to 1.17 million barrels per day from January to August, compared to the same period last year, and the our short-term outlook is optimistic, with production forecast to
The MoU attests to the commitment of ECOWAS and all the countries crossed by the gas pipeline, to contribute to the feasibility and technical studies, the mobilisation of resources and execution of this key project A Memorandum of Understanding was signed on Thursday 15 September in Rabat, Morocco between ECOWAS, the Federal Republic of Nigeria and the Kingdom of Morocco. The three sides were respectively represented by Mr Sediko Douka, ECOWAS Commissioner for Infrastructure, Energy
