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Sasol Confirmed as Diamond Sponsor for African Energy Week 2022

8, September, 2022

Africa’s vast hydrocarbon resources present an opportunity for the continent to secure its energy supply, improve energy access and drive socioeconomic development. With the continent’s oil and gas industry rapidly expanding owing to increases in energy demand across the continent and at globe scale, the role local energy companies play in driving energy developments continues to expand. Global chemicals and energy company Sasol will be returning to this year’s edition of the African Energy Week

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Economy Energy Gas Mining Oil

African Energy Chamber Urges United States (US) to Lift South Sudan Oil Sanctions (By NJ Ayuk)

8, September, 2022

Investments in oil and gas projects have decreased, and the sanctions have dampened interest in the country’s first licensing round Four years have passed since the U.S. imposed sanctions on South Sudan’s oil industry. The goal had been to prevent oil money from funding the civil war that had been raging since 2013. By curtailing the ability of businesses and organizations to provide revenue for the South Sudanese government, U.S. officials reasoned, they could pressure

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Economy Energy Mining Oil

Brent traded below $90

8, September, 2022

The barrel of Brent oil, a reference for Angolan exports, for delivery in November, traded yesterday until close to market closing time, at US$85.3, falling for the first in the last six months to below US$90. At the start of the session, the price of a barrel of Brent oil was fixed at 92 dollars, but on Tuesday, deliveries for November closed, in the London futures market, down 3.04 percent, to 92 .83 dollars. Fears

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Economy Energy

Angola has the sixth largest share among 10 countries

8, September, 2022

Angola is, for the month of October, with a quota of 1.52 million barrels/day, the sixth largest of a total of 10 member countries and the ninth if considering the targets set for a group of 20 OPEC producers and not -Opec, a group called OPEC+, which is led by Russia and Saudi Arabia. According to yesterday’s announcement by the Organization of Petroleum Exporting Countries (OPEC), in view of the current fundamentals of the oil

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Economy

Sonangol sells 25% stake in Banco Caixa Geral Angola

8, September, 2022

The 25 percent of the share capital held by Sonangol in Banco Caixa Geral Angola (BCGA) is up for auction, with the public offering period for the sale of shares runs from 5 to 16 September, on the Angola Debt and Securities Exchange (BODIVA) , whose supervision is being carried out by the Capital Markets Commission. To that end, Banco Caixa Geral Angola and the Instituto de Gestão e Participações do Estado (IGAPE) made official

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Economy Energy Gas Mining Oil Petroleum

Brent oil for November delivery drops to $92.83

8, September, 2022

The price of a barrel of Brent oil, which serves as a reference for Angolan exports, for delivery in November ended this Tuesday on the London futures market down 3.04%, to US$92.83. Fears of a decrease in demand for oil, following a global economic slowdown, weighed on Brent trading. This scenario offset the upward momentum registered on Monday and motivated by the decision of the Organization of Petroleum Producing Countries (OPEC), led by Saudi Arabia

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Diamonds Economy Energy Mining

160 carat diamond discovered

8, September, 2022

The Australian company Lucapa Diamond Company announced this Monday that it had discovered a 160-carat diamond in the same block from which it extracted the “Rosa do Lulo”, the 170-carat diamond discovered at the time in early August, having been considered the largest of this hue, found in 300 years. The new diamond, white, with superior quality of type IIa, is the 28th with more than 100 carats to be extracted from the Lulo Mine

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Economy

Banco Caixa Angola puts 25% of shares up for auction

8, September, 20228, September, 2022

The shareholder structure of Banco Caixa Angola will, from today until next Monday, admit new members, with the opening of the process of dispersing the 25 percent held by Sonangol on the stock exchange. According to data obtained by Jornal de Angola, the state-owned company leaves the bank’s shareholder role following the Privatization Program (PROPRIV), conducted by the Government, through the Institute for the Management of State Assets and Participations (IGAPE). Banco Caixa Angola’s Initial

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Diamonds Economy Mining

New 160-carat diamond discovered in Lucapa

8, September, 2022

A diamond over 150 carats was discovered in Lucapa, in the province of Lunda Norte, announced today the Lucapa Diamond Company, advances Agência Lusa. In the same block where the “Rosa do Lulo” was recently mined, with 170 carats, this becomes the sixth largest found in the mine in Capenda, Camulemba. According to the same source, the new diamond is white, with superior quality of the Ila type and is the 28th with more than

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Economy Energy Mining Oil

Sonangol maximizes gains from rising oil prices

6, September, 20226, September, 2022

Sonangol, a company that operates along the oil value chain, managed, last year, to maximize the gains resulting from the increase in the prices of crude oil and derivatives observed with the recovery from the effects of the Covid-19 pandemic, thanks to the adoption of a cost reduction policy, especially at the height of the Covid-19 pandemic, in 2020 and 2021. This statement was made by Sonangol EP’s Director of Planning, Edson Pongolola, in an

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