Ahead of South Sudan Oil & Power 2022, Honorable Minister Gwede Mantashe sat down with the Energy Capital & Power team to discuss his Ministry’s 2022-2023 agenda and the role regional cooperation will play With the fifth edition of South Sudan Oil & Power 2022 (https://bit.ly/3A1hgvV) kicking off on Tuesday, Hon. Gwede Mantashe, South Africa’s Minister of Mineral Resources and Energy, provided insight into the role regional cooperation and intra-African trade plays in Africa, as
The African Energy Chamber renames the African Energy Lifetime Achievement Award to Mohammed S. Barkindo Lifetime Achievement Award in celebration of the late OPEC Secretary General’s dedication in driving socioeconomic developments through energy industrial growth. In honor of the late H.E. Muhammad Sansui Barkindo – oil industry veteran and former Secretary General of the Organization of Petroleum Exporting Countries (OPEC) – the African Energy Chamber (AEC) – the voice of the African energy sector –
TAAG and the US builder Boeing, the main supplier of aircraft to the national flag company, reached an agreement on the resolution of “financial pending” creating the conditions for cooperation in the supply of aircraft for the future. According to a TAAG press release, after a long and complex negotiation carried out since the swearing in of TAAG’s new management with Boeing, “we communicate to the market that the two entities have reached an agreement
Brent oil a benchmark for Angola’s exports, for delivery in November opened up 4.14 percent, to around US$3.69, to US$92.84, in the session. At the close (Friday) it accumulated a weekly loss of 0.19 percent. WTI oil for October advanced 3.89 percent to $3.25 in the session, at $86.79 a barrel, but had a slight drop of 0.09 percent for the week. Against this backdrop, crude oil futures closed up about 4 percent on Friday,
The president of the Angola-China Chamber of Commerce, Luís Cupenala, praised the enormous cooperation between Angola and China in the commercial field, stating that the level of bilateral cooperation is consistent and reliable. Luís Cupenala, who was speaking to the Chinese newspaper, Xinhua, also said that such cooperation has contributed to the improvement of infrastructure, industrialization, as well as efforts to combat poverty in the African country. The official mentioned the Benguela Railway (CFB) as
The energy ministers of the European Union hold an Extraordinary Council today in Brussels to discuss possible emergency measures to be applied at Community level to mitigate the effects of rising prices in the sector. The current Czech Presidency of the Council of the EU said yesterday that “”ministers will be invited to identify the preferred measures that could be implemented at EU level in a short period of time to alleviate the burden of
North Sea oil, a benchmark for Angolan sales, was traded yesterday on London’s International Exchange Futures at US$96.88 a barrel, a day after the group of 23 oil-producing countries OPEC+ decided to reduce production by 100,000 barrels a day from October. The decision was adopted after several days of market speculation about the possibility of taking measures to prevent oil prices from falling due to the slowdown in the global economy and canceling the increase
A delegation from the Angolan embassy in Argentina, led by counselor José Zombo Gongo, has been participating since yesterday in the Investment Forum “Invest in Paraguay 2022 – Prosperous and Sustainable Business”. At the event, which ends today, after being inaugurated by the President of Paraguay, Mário Abdo Benítez, the Angolan delegation holds courtesy meetings with local authorities and potential investors, according to information sent to our newsroom by the diplomatic representation in Argentina. The
The energy ministers of the European Union hold an Extraordinary Council today in Brussels to discuss possible emergency measures to be applied at Community level to mitigate the effects of rising prices in the sector. The current Czech Presidency of the Council of the EU said yesterday that “”ministers will be invited to identify the preferred measures that could be implemented at EU level in a short period of time to alleviate the burden of
No disruptions to event in wake of Queen Elizabeth II’s death It is with great sorrow that we learn of the passing of Queen Elizabeth II. Our thoughts and condolences are with the Royal Family during this difficult time. Many of us will want to take some time to mourn this great loss and pay our condolences. Africa Oil Week, which is taking place at CCICC2, will continue to run its scheduled dates of 3-7
