Category: Petroleum

The Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, asked, last week for greater dynamism from the new executive administrator of Sonangol’s Board of Directors to achieve Sonangol’s objectives in increasing prospecting and research for more resources. By delegation of powers from the President of the Republic when inaugurating the new executive administrator of the Board of Directors of Sonangol, Belarmino Chitangueleca, appointed on Wednesday, Diamantino Azevedo requested greater commitment to the execution of

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Angola’s exit from the Organization of Petroleum Exporting Countries (OPEC) will allow it to maintain the objective of increasing production and surpass the average value of 1.2 million barrels per day. This view is expressed in a note attached to the study presented by Deloitte on this week. Deloitte’s partner for the Energy, Resources and Industry Sector, Frederico Martins Correia, cited in the same document, reveals that in relation to the Angolan market, “the year

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Belarmino Emilio Chitangueleca has been appointed Executive Director of the Board of the Directors for Angola’s national oil company Sonangol. Chitangueleca previously served as Executive Director of Angola’s national concessionaire the National Oil, Gas & Biofuels Agency (ANPG). Angolan President João Lourenço announced the appointment this week, thereby concluding Chitangueleca’s contract at the ANPG. Before taking on the role at the ANPG, Chitangueleca served as Production Director at Sonangol.

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Angola’s crude oil production was steady throughout 2023, with output averaging 1.098 million barrels per day (bpd). According to the country’s national regulator, the National Oil, Gas and Biofuels Agency (ANPG), output during the period January 2023 to December 2023 equated to 400.72 million bpd, making the country the third largest producer in Africa. While production marginally declined from 2022 levels of 1.16 million bpd, December 2023 showed a slight increase in output, with production

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The companies and consortiums qualified to operate in the oil blocks of the Lower Congo and Kwanza Onshore Basins are already known from this fiscal year onwards. According to a statement released yesterday Jan 22nd by the National Petroleum, Gas and Biofuels Agency (ANPG), the public tender for the Lower Congo and Kwanza Onshore Basins, open last year to national or foreign entities, resulted in the qualification of companies and constitution of contractor groups. According

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