Angolan Mining Oil & Gas - Page 311 of 389 - Top Angolan News for Oil, Gas and Mining Industries

Russian Oil and Gas Revenues Expected to Surge by 60% in July

21, July, 202321, July, 2023

Russian oil and gas revenues in July, projecting a 60% rise from May receipts to 844 billion roubles ($9.3 billion). The boost in income is attributed to cyclical patterns and is expected to help alleviate Moscow’s budget deficit, which reached 2.6 trillion roubles ($28.7 billion) in the first half of the year. Russia’s Finance Minister, Anton Siluanov, had previously acknowledged that the country’s budget deficit in the coming year might exceed the expected 2% of

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Economy Energy Gas Oil

National Agency for Oil, Gas and Biofuels (ANPG) Encourages Increased Investment in the Oil and Gas Sector

21, July, 202321, July, 2023

The President of the National Agency for Oil, Gas, and Biofuels (ANPG), Paulino Jerónimo, appealed on Thursday in Luanda for oil companies to continue investing in the Oil and Gas sector to increase production levels so that the country can surpass the current levels evaluated at one million and 100 barrels per day. The CEO of ANPG, who spoke at the closing of the Sustainability Forum in the Petroleum sector, part of the Oil and

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Economy Gas News Oil

Angola Oil and Gas Conference

21, July, 202321, July, 2023

From September 3 to September 14 of this year, the country will host the 4th edition of the International Angola Oil and Gas Conference, with the participation of more than 40 oil and gas industry producing and service-providing companies. The President of Energy Capital and Power, the event organizer, pointed out that the conference will serve as an opportunity for investors to explore the great potential of Angola’s Oil and Gas sector and the favorable

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Local News Oil

FILDA’s third day dedicated to the USA and the oil sector

20, July, 202320, July, 2023

The third day of the Luanda International Fair (FILDA), an event taking place since Tuesday, in the Industrial Economic Zone, is being dedicated to the United States of America and the oil sector.

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Economy International News Oil

Djibouti Secures $120M Afreximbank Loan for Oil Storage, Terminal Project

20, July, 202320, July, 2023

Djibouti’s state-owned logistics and transportation infrastructure investment vehicle, Great Horn Investment Holding (GHIH), has secured a $120 million financing package from the African Export-Import Bank (Afreximbank) to implement a series of oil and logistics projects in the Damerjog Industrial Development Free Trade Zone. The financing for the project involves a combined package of $120 million from the African Export-Import Bank (Afreximbank) and $35 million from the local banking institution Banque pour le Commerce et l’Industrie

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Economy Energy Mining News

Rio Tinto Invests in Malawian Graphite Project

20, July, 202320, July, 2023

Anglo-Australian multinational company Rio Tinto has announced its investment of A$40.4 million in the mining firm Sovereign Metals Limited. This investment will allow Rio Tinto to acquire a 15% stake in Sovereign and provide the necessary funding to advance the Kasiya Rutile-Graphite Project in Malawi. In a press release, Ben Stoikovich, Chairman of Sovereign, described the agreement with Rio Tinto as a landmark one, highlighting the potential for Kasiya to become a globally significant supplier

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Gas News Oil

Nigeria and Equatorial Guinea Discuss Joint Oil and Gas Development

20, July, 202320, July, 2023

Nigeria and Equatorial Guinea have expressed their interest in collaborating on the development of the regional oil and gas sector. The two countries are looking to formalize a partnership to support investment, regional employment, and trade while jointly spearheading energy projects. During a meeting between Equatorial Guinea’s Ministry of Planning and Economic Diversification and the Nigerian Content Development and Monitoring Board (NCDMB), several areas of cooperation were identified. The key areas of collaboration include establishing

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Economy Mining News

Government wants mining sector less dependent on diamonds

20, July, 202320, July, 2023

The Angolan Government aims to make the mining sector more diversified and less reliant on diamond exploration activities, stated the Director of the Office of Studies, Planning, and Statistics at the Ministry of Mines, Petroleum and Gas in Luanda yesterday. Alexandre José Garret, who opened the II Safe Life in Mining Forum, part of the conferences at the 38th edition of FILDA 2023, mentioned that this vision of the Government is part of the program

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Economy Local News

Angola Exceeds Predicted Production Levels in June

20, July, 202320, July, 2023

Angolan oil production averaged 1,120,246 barrels per day (bpd) in June, which is 0.52 percent more than the official forecasts, which had projected an average of 1,114,439 bpd. These figures were disclosed on Tuesday on the National Agency for Oil, Gas, and Biofuels (ANPG) website. In the Monthly Summary on Oil Production for June 2023, the national hydrocarbon concessionaire reports that Angola’s crude oil production totaled 33,607,388 barrels for that month. A comparison with the

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Energy Mining News

Lucara provides Karowe underground expansion project update

20, July, 202320, July, 2023

Lucara Diamond Corp. has provided an update on the Karowe Underground Expansion project (the UGP). The Karowe UGP is designed to access the highest value portion of the Karowe orebody, extend the mine life to at least 2040, and deliver approximately US$4 billion in additional revenues using conservative diamond price assumptions which are unescalated and exclude exceptional stone revenues. Management initiated an update to the UGP schedule and budget in response to a slower than

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