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Blocks 3/05 and 3/05A, operated by Sonangol, reached, last Sunday, record production of 25 thousand barrels of oil per day (bpd), 4.0 percent more than at the beginning of the year, when it was at 16 thousand bpd, announced the company’s Exploration and Production Business Unit (UNEP). Data released by UNEP on the Ngol program, broadcast by Sonangol on Rádio Nacional de Angola, indicate that these production levels had not been observed for more than
In November, Angola’s oil production recorded a decrease of approximately 9.0% compared to November 2022. The National Petroleum, Gas, and Biofuels Agency (ANPG) released this data on December 15th in its Oil Production Report for that month. The document indicates that November’s monthly production corresponded to an average of 1,083,768 barrels of oil per day (BOPD), below the forecast of 1,161,285, also ending up being lower than the October average of 1,147,203 BOPD. In turn,
Niger has announced that it will begin exporting its crude oil through the newly constructed Niger-Benin pipeline in January 2024. The pipeline, which was inaugurated last November, establishes a crucial link between Niger’s Agadem oilfield and Benin’s Port of Cotonou. Niger anticipates the export of 90,000 barrels per day (bpd) through the pipeline to Benin, earning export revenues on approximately one-quarter of the total volume. Currently, Niger operates a modest oil refinery with a capacity
Last month, US President Joe Biden met with Angolan President João Lourenço in Washington D.C. to pledge support for Angola’s development and identify new areas for collaboration. The state visit was a milestone in bilateral relations between the two countries, cementing Angola’s position as a strategic ally to the US and indicating new flows of US capital and technology into the southern African country. According to President Biden, the US has committed over one billion
London-listed Petra Diamonds has entered into a nonbinding term sheet on an exclusive basis with an undisclosed interested party for the potential sale of the Koffiefontein diamond mine, in South Africa. The diamond miner has been exploring a responsible exit from Koffiefontein since April 2022, with the operation having been placed on care and maintenance in November 2022. The company continues to transition Koffiefontein towards closure, with a closure application expected to be submitted to
Sonangol emphasizes its commitment to transparent practices through its Regeneration Program, active from 2018 to 2021. The company’s Communications Director asserts that Sonangol is now affiliated with key associations advocating for transparency and ethical business conduct, safeguarding the company against unethical behaviors. “Sonangol is now aligned with transparency-focused associations, upholding ethical business practices,” stated the Communications Director. He highlighted the ongoing implementation of a Compliance Program aimed at adapting management practices to evolving national and
Sonangol announced, yesterday 14th December, the opening of a Public Tender for the concession of the exploration of PAENAL, a shipyard for the manufacture and integration of facilities for the oil and gas industry, located in Porto Amboim, Cuanza-Sul. In a statement, the company which holds a shareholding in PAENAL, indicated that the exploration concession is part of a restructuring strategy aimed at expanding the company’s activity, encompassing the repair, maintenance, manufacture of vessels and
The Secretary of State for Oil and Gas, José Barroso, highlighted, on Wednesday, in Luanda, the role of Compliance in improving the business environment in the extractive sector. José Barroso, who spoke at the opening of the II Forum on Compliance, considered that integrity and compliance constitute an essential tool to guarantee the confidence of investors and society in general and for consolidation of an increasingly transparent, attractive and robust industry. “Compliance is a commitment made
The second phase of Sonangol’s Gas Reception and Distribution Unit (URDG), called “Falcão Phase 2”, which will process 50 million cubic feet of gas/day, came into operation this Thursday December 14th, in the municipality of Soyo, in the province of Zaire. The inauguration ceremony was presided over by the Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, witnessed by the governor of Zaire, Adriano Mendes de Carvalho, and the PCA of Sonangol, Gaspar Martins,
Minister Diamantino Pedro Azevedo underscored the significance of Sonangol’s “Falcão 2” Gas Reception and Distribution Unit (URDG) in Soyo, Zaire, marking a crucial stride toward completing the ammonia and urea factory, pivotal components of fertilizer production. Addressing the inauguration of the facility that will process and manage 50 million cubic feet of gas daily, supplied by Angola LNG to fuel the Soyo I Combined Cycle power plant, Minister Azevedo urged the Sonangol and Opaya consortium—tasked
