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Economy Energy Gas Oil

Angolan Oil & Gas Infrastructure Sparks Investor Frenzy

Angola has become an attractive investment destination, particularly in the oil and gas infrastructure sector, enticing global and regional players to expand their presence or enter the market. The country has seen foreign capital flow into its market for some time, but recent months have witnessed heightened investment flows driven by advancements in the oil and gas infrastructure sector. Angola’s attractiveness as an investment destination is expected to further increase due to its attractive fiscal

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Economy Energy Oil

Angola’s Downstream Development to Drive Domestic Capacity

Angola, as the largest oil producer in Africa, faces a significant challenge with its minor downstream industry and heavy reliance on petroleum imports, which currently account for approximately 80% of its refined petroleum products. To address this issue, the Angolan government has made increasing domestic crude processing capacity a strategic priority. With vast proven oil reserves of over 8.2 billion barrels and abundant natural gas resources totaling 13.5 trillion cubic feet, Angola has the potential

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Energy Local News

Country has potential to respond to energy demand in the southern region

The growth of the oil and gas industry in the country has the potential to meet the growing regional demand for energy. The information is contained in a report by the African Energy Consultant. According to the document, with the country holding around 27 trillion cubic feet of natural gas and 7.8 billion barrels of oil reserves, and with Sub-Saharan Africa representing one of the lowest rates of access to energy worldwide worldwide, developments in Angola’s

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Economy Energy Gas Local News Oil

Sonangol to increase production in mature and emerging basins

Sonangol signed, in the last 12 months, contracts with national and foreign companies to increase exploration and production, both in mature and emerging basins. According to a note from Energy Capital & Power that Jornal de Angola had access to, the aforementioned contracts were signed to make the country a regional energy centre, although it is already one of the largest oil producers in Africa. Companies such as Azule Energy (the largest independent oil and

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Economy Energy Gas International News

TotalEnergies may resume gas project in Mozambique

The conditions have been met to allow TotalEnergies to resume its natural gas exploration project in the country, suspended since 2021, following a major jihadist attack, Mozambican President Filipe Nyusi assured this week. At the end of March 2021, a coordinated attack on the coastal city of Palma forced the French group to suspend a €16.5 billion natural gas development project. Facilities still under construction on the Afungi peninsula were evacuated. “Cooperation and coordination with Total

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Energy International

Mozambique plans to generate 3,000 MW of energy by 2030

The Mozambican Minister of Economy and Finance, Max Tonela, recently informed that the Government intends to invest around US$34 billion in generating more than 3,000 Megawatts (MW) of energy by 2030. Speaking in Washington, United States of America, in a lecture under the motto “United for Energy Security and Sustainability, Triple Victory in Regional Energy Trade”, Max Tonela stressed that Mozambique is outlining strategies aimed at attracting the necessary financial resources to exploit the high

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Economy Energy Gas Local News Oil Petroleum

Angola Oil & Gas Returns Bigger and Better than Before in 2023

Following three successful editions that united a strong slate of players from across the regional and global energy landscape, the Angola Oil & Gas (AOG) conference and exhibition makes its return in 2023 for its fourth edition, bringing together African energy and petroleum ministers, global investors and thought-leaders and project developers and service companies to discuss the future of Angolan energy. Building on the event’s long-standing partnership with Angola’s Ministry of Mineral Resources, Oil and Gas and

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Economy Energy International

TotalEnergies Granted Authorization to Explore Offshore South Africa

South Africa’s Department of Mineral Resources and Energy has granted French major TotalEnergies environmental authorization to conduct exploration activities in the offshore Block 5/6/7, located in an area approximately 10,000km² between Cape Town and Cape Agulhas. The decision follows the conclusion of all prescribed procedural requirements by TotalEnergies, including public consultation and environmental checks, with the major expected to drill up to five exploration wells between Q4 this year and mid-2024.  Representing a high-potential block –

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Economy Energy International

Prices register Reduction in the Italian Energy market

Year-on-year inflation in Italy slowed to 7.6 percent in March, against 9.1 percent in February, thanks mainly to the slowdown in energy prices, announced the Italian National Institute of Statistics (Istat). The slowdown in inflation is mainly due to the deceleration in the prices of non-regulated energy goods (from 40.8 to 18.9 percent) and the fall in regulated energy prices (from 16.4 to 20.3 percent), whose effects were only partially offset by acceleration in unprocessed

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Economy Energy Local News

Sonangol Prioritizes Gender Inclusivity, Diversity in Energy Transition

Amidst the global pivot towards an energy transition, African nations are seizing this transformative moment to create new and exciting pathways for women to thrive in the energy sector. Kátia Epalanga, Executive Director of Angola’s National Oil Company (NOC), Sonangol, attended a webinar held by the African Energy Chamber’s African Women Business Energy Network (AWBEN), alongside other influential women in the energy sector to address the critical issue of diversity and inclusivity in the industry

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