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Angola’s Luena Solar Park Due for Completion by 2024

11, April, 202311, April, 2023

Construction of the 26,906 MW Luena Solar Energy Park in Angola’s Moxico Province is due for completion by 2024, with the country’s Government having indicated that contractual deadlines will be met. The project, which is 60% completed, is being developed by solar project developer Sun Africa and engineering and technology consulting company, MCA Group, and will cover an area of 0.5km2 in the Samalesso District, Luena City. “The Luena Solar Energy Park will “contribute to improving electricity

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Economy Local News

Angolan Oil and Gas Minister Received in Namibia

11, April, 202311, April, 2023

H.E. Diamantino Azevedo, Angola’s Minister of Mineral Resources, Oil and Gas, met with his Namibian counterpart, H.E. Tom Alweendo, last Thursday 6th April as part of an official state visit to Windhoek last week. At the invitation of H.E. Minister Alweendo, the African energy Ministers discussed existing and future areas of cooperation within their respective extractive industries. The meeting follows the signing of a Memorandum of Understanding between Angola and Namibia last November, at the Angola Oil &

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Economy Local News Oil

Angolan Refinery President Reveals Govt Refusal of Cheap Oil Supply to Domestic Industry

11, April, 202311, April, 2023

The Government does not supply crude oil at prices lower than those of the international market to the refineries being implemented in the Angolan petrochemical industry, nor does it not stop exporting “a single barrel of oil” for these units, declared the president of the Executive Committee of the Angolan refinery. Luanda. “It is a false problem to think that the Government of Angola is obliged to supply raw materials for refineries at a low

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Economy Local News Petroleum

Pumangol creates 400 direct jobs

11, April, 202311, April, 2023

Pumangol has so far created a total of 400 direct jobs and around 2,000 indirect jobs, as part of a strategy that has already implemented 80 fuel filling stations across the country. The data was shared by the chairman of the Board of Directors of the company, Ivanilson Machado, in the interview he gave to Jornal de Economia & Financeira, from Edições Novembro EP As he said, Pumangol is now owned by Sonangol as part

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Economy Local News Oil

New oil tanker ready for operations

11, April, 202311, April, 2023

The naming ceremony for the Suezmax oil tanker took place yesterday in the city of Mokpo. The president of Sonangol Marine Service, João Almeida, said that the company will no longer charter ships to meet its objectives in this segment. According to João Almeida, it is an oil tanker that increases the fleet, which goes from 9 to 10 ships. João Almeida said that, by the end of the year, the fleet could have one

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Economy Local News Oil

Sonangol receives new oil tanker

11, April, 202311, April, 2023

Sonangol received, this Monday 10th April, in the city of Mokpo (South Korea), the new oil tanker, named “Kulumbimbi”. The oil tanker built at the Hyundai Sambo Heavy Industries shipyards cost the Angolan oil company US$68 million. The ship will have a crew made up of 80 percent Angolans and a useful life of 20 years. It is part of the Suezmax line, with the capacity to transport 1 million barrels of crude, within internationally accepted

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Economy News Oil

OPEC+ cuts generate gains of more than USD 6.0

10, April, 202310, April, 2023

The cut in production by the OPEC+ members (groups of oil exporting countries + Russia), in the last six days, resulted in an appreciation of prices by at least six dollars. Negotiations for a barrel of Brent, oil that is the benchmark for exports from Angola, rose from USD 79.7 recorded between Friday and Sunday of last week, to USD 85.4 registered on Friday, a price that goes up to Sunday, and may change depending on

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Economy Local News Oil

New Oil tanker ready for operations

10, April, 202310, April, 2023

Sonangol now has one more vessel for operations to transport crude oil. The naming ceremony for the Suezmax oil tanker takes place today in the city of Mokpo. The president of Sonangol Marine Service, João Almeida, said that the company will no longer charter ships to meet its objectives in this segment. According to João Almeida, it is an oil tanker that increases the fleet, which goes from 9 to 10 ships. João Almeida said

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Economy Energy Local News

Sonangol announces business restructuring of PAENAL in Porto Amboim

6, April, 20236, April, 2023

Sonangol announced, this Wednesday 5th April, the restructuring of shareholders and businesses at the Porto-Amboim Naval Shipyard (PAENAL), a measure aimed at revitalizing it and placing it back among the set of active and profitable units. For the implementation of these measures, Sonangol is working with partners on a “profound” change that could also involve the corporate structure and the definition of a new operating model, which could result in the holding of an international

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Diamonds Economy Mining Oil

Angola and Namibia intend to strengthen cooperation in the area of mineral resources

6, April, 20236, April, 2023

Angola and Namibia intend to increasingly strengthen cooperation in the area of oil and mineral resources, JA Online learned this Wednesday 5th April, as part of the visit of the Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, who is in Windhoek , for a visit at the invitation of his counterpart, Tom Alweendo. According to the Angolan official, the workday allows “to see Namibia’s experience in the exploration of diamonds in the sea,

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