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Oil

Angolan crude oil production increased

16, July, 202216, July, 2022

Angolan oil production increased in June, when the Sunflower vine was the third most expensive in the world, according to a report by the Organization of Petroleum Exporting Countries (OPEC) released yesterday by the international press. The document indicates that Saudi Arabia, the United Arab Emirates, Iran and Kuwait also increased production that month, when Venezuela decreased, and that Angola’s oil was the third most expensive in the world among 13 OPEC member crudes, only

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Oil International

Angolan oil was the third most expensive in the world in June

16, July, 202216, July, 2022

Brent oil, which serves as a benchmark for Angolan exports, was the third most expensive in the world among 13 crudes from the members of the Organization of Petroleum Exporting Countries (OPEC), only surpassed by Algeria and Equatorial Guinea. According to the OPEC monthly report published this week, among the 13 types of oil that make up the OPEC reference basket, the Angolan Sunflower crop reached US$127.03 in June, also having the highest rise in

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Energy International

Berkeley Energy invests $1.5 billion

14, July, 202214, July, 2022

The international company specializing in renewable energy projects, Berkeley Energy, has already invested US$1.5 billion in the construction of hydro, wind and biomass photovoltaic plants in various locations across the country. The information was provided by the executive director of Berkeley Energy, Luka Buljan, at the International Conference on Renewable Energy, held recently in Luanda, under the aegis of the Ministry of Energy and Water, in partnership with the Lusófona and Angolan associations of Renewable

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International Oil

Oil yields 70 percent above forecasts in the first half

14, July, 202214, July, 2022

The country’s oil revenue during the first half of this year was estimated at 4.17 billion kwanzas as a result of the export of 209 million barrels at an average price of US$99.68, equivalent to more than 70 percent of annual forecasts. for the sector. The data are contained in the oil sector performance report, available since Monday on the Ministry of Finance’s institutional website. For the aforementioned indicators, for example, the National Concessionaire –

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International Oil

OPEC puts Angola and Nigeria below oil production quota by 2023

12, July, 202212, July, 2022

The Organization of Petroleum Exporting Countries (OPEC) considers that Nigeria and Angola, the two biggest oil producers in sub-Saharan Africa, will not be able to produce the maximum allowed by quotas, at least for another year. According to OPEC’s latest report on world oil production, the region’s two biggest producers will not even be able to reach the production limit agreed several years ago due to “persistent underinvestment and maintenance problems”. Angola saw its production

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Oil

Sub-Saharan African oil production drops 3.7% this year – Fitch

12, July, 202212, July, 2022

Consultancy Fitch Solutions estimates that oil production in sub-Saharan Africa will fall 3.7% this year, dragged by the fall in Nigeria, but foresees a “brighter future” for the region’s gas. “We anticipate that production of crude, natural gas and other liquids will fall by 3.7% this year, impacted by the persistent decline in Nigeria, the region’s largest oil producer, which has been significantly affected by reduced investment in current wells and by a lack of

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Oil International

Angola recovers from strong 9.2% oil decline in 2021, says Fitch Solutions

12, July, 202212, July, 2022

Angola could recover from the sharp decline of 9.2% in oil production in 2021, estimated this Sunday, the consultancy Fitch Solutions, noting that “prices and the removal of production limits by the Organization of Petroleum Exporting Countries and allies (OPEC+) will help this rise. “Positive growth in Angola should help to accommodate the general drop in regional production, as exploration activities that are starting by several international companies will boost production by 3.5%”, says the

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Energy

Sonangol decides to restart construction of the Lobito Refinery on its own

11, July, 202211, July, 2022

Sonangol decided to reactivate the construction of the Lobito Refinery on its own. The information was provided by the chairman of the Board of Directors (PCA) of the oil company, Sebastião Gaspar Martins, who informed that the answers they received in the public tender did not satisfy “what was the objective” of the company. “We are already doing preliminary work, in order to proceed with a series of works that were going to be and

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Oil

Oil production in sub-Saharan Africa drops 3.7 percent this year

11, July, 202211, July, 2022

Consultancy Fitch Solutions estimates that oil production in sub-Saharan Africa will fall 3.7 percent this year, dragged by the fall in Nigeria, but foresees a “brighter future” for the region’s gas. “We expect production of crude, natural gas and other liquids to fall by 3.7 percent this year, impacted by the persistent decline in Nigeria, the region’s largest oil producer, which has been significantly affected by reduced investment in current wells and due to a

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Oil

Angola and Zambia agree rapid construction of the pipeline

11, July, 202211, July, 2022

The Zambian Energy Minister, Peter Chibwe Kapala, reiterated, Thursday (7), in Luanda, his country’s commitment to accelerate feasibility studies for the construction of the pipeline aimed at exporting oil and its derivatives from the South. from Angola. Peter Chibwe Kapala assured journalists, at the end of a meeting held between the delegation he led and that of the Ministry of Mineral Resources, Oil and Gas, to seek to underline the “economic advantages” that Zambia could

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