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The Ministry of Mineral Resources, Petroleum, and Gas presented the “Angola Mining Conference” to the press this Monday, scheduled for November 22nd and 23rd in Luanda. The event was led by the Secretary of State for Mineral Resources, Jânio Víctor. The Angola Mining Conference is a trade show dedicated to the country’s mining industry and the attraction of partners for the mineral supply chain.
The French multinational integrated energy and petroleum company TotalEnergies expects to make a Final Investment Decision (FID) on the Matola Liquefied Natural Gas (LNG) import terminal, located at the Matola Port in Mozambique, by September 2024. Developed by TotalEnergies in collaboration with industrial gas supplier Gigajoule, Mozambique’s Matola Gas Company, and the country’s National Oil Company, Empresa Nacional de Hidrocarbonetos, the $550 million terminal will receive natural gas from a permanently-moored Floating Storage and Regasification
Algeria is currently in talks with Germany to become a major supplier of green hydrogen to Europe’s largest economy. With plans underway to upgrade its pipeline connections to reach a wider swath of the continent, the North African country is poised to cover up to 10% of European demand for green hydrogen. The discussions between Algeria and Germany, which took place in Algiers on October 23, focused on converting and extending existing natural gas pipelines
Egypt’s natural gas imports have ground to a halt, in a development that reflects the impact of the Gaza conflict on the North African nation and could dash hopes of a resumption of exports to Europe. The cabinet, explaining the reasons for the expansion of power cuts that have roiled the country for months, said that natural gas imports have fallen from 800mcf/d to zero at a time when warmer-than-usual temperatures led to an increase
The consulting firm Capital Economics believes that Angola’s economy will grow by 1.5% this year and enter a recession next year, contracting by 0.5% due to the effects of low oil production and the depreciation of the kwanza. Angola’s economy will slow down due to the combination of low oil production and the effects of the recent fall of the kwanza in 2024 and 2025,” write the analysts, as quoted by Lusa, in a commentary
The 130 participants praised the initiative to present the country’s production chain and identify opportunities for local companies to become involved in the project called “Conexão Aebran.” During the event held on Thursday night, in addition to the welcoming remarks from Raimundo Lima, the President of Aebran – the Association of Brazilian Entrepreneurs and Executives in Angola, the event featured speeches by Diogo Gomes, the Commercial Director of the TD Hotels Group, who discussed the
Despite the Middle East tensions, oil prices have risen in the market. The Brent crude oil for December delivery fell by 1.8 percent to trade at $88.49 per barrel at 2:00 PM ET in Friday’s intraday session, while the December WTI contract also dropped by a similar margin to change hands at $83.88 per barrel. Brent has now fallen by 7 percent in the past week, while WTI fell by 4.8 percent over the same
The natural gas operations by the Coral Sul floating platform off the coast of the northern Mozambican province of Cabo Delgado, over the last year, have contributed 6.5 percent to the increase in the Gross Domestic Product (GDP). The figure was announced by the representative of the Italian energy company ENI in Mozambique, Giorgio Vicini, who was speaking at a meeting on the challenges of the gas and electricity sectors. The Coral Sul floating LNG
The MIBA, or Bakwanga diamond mining company In the Democratic Republic of Congo, has long been a cornerstone of the country’s economy. After several years of stagnation, it gradually recommenced operations in 2011. However, today, its business is no longer as lucrative as it once was. The company’s recovery plan, estimated at USD 453 million, is set to be implemented over five years, accompanied by an investment plan of USD 161 million to be executed
António Feijó, who spoke on Tuesday 27th October, during the opening of the first seminar to promote the construction and rehabilitation of new fuel stations, stated that candidates interested in investing in the sector will receive support from the banking institutions based in the province of Malanje, through subsidized credit, as well as from companies with the capacity to build these mentioned facilities. According to the official, the province of Malanje has 25 fuel stations,
