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Airplane Fuels Prices register a Reduction

5, March, 20235, March, 2023

Aircraft refueling on Angolan soil is cheaper this March, compared to February, according to the table published by the Regulatory Institute for Petroleum Derivatives (IRDP) of the Ministry of Mineral Resources, Oil and Gas. The reduction was an average of 10 kwanzas for each reference litre, but which represents, overall, a significant saving for operators. According to the same IRDP table, for this month of March, the Adjustment Reference Price – Platts (PRA) is now

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Energy Local News

Consumers owe More than 19 million kwanzas to ENDE

5, March, 20235, March, 2023

More than 19 million kwanzas is the amount that some consumers owe the National Electricity Distribution Company (ENDE), in Benguela province, according to the institution’s spokesman, Lauro Fortunato. The official, who provided the information during the lecture on “Energy Education”, aimed at students of the Comandante Kassanji School – Liceu de Benguela, said that the debt resulted from non-payment of consumption for some years. He said that, for cases of debt, the ENDE gives the

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Local News Oil

Cameya and Golfinho Oil fields show Good Indicators

5, March, 20235, March, 2023

The Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, heard the chairman of the Board of Directors (PCA) of the National Oil and Gas Agency (ANPG), Paulino Jerónimo, and the vice-president of Total Energies for Upstream, Nicolas Terraz. As JA learned, the meeting dealt with the development of the Cameya and Golfinho fields and blocks 20 and 21 of the Kwanza Basin. Leaving the meeting, Paulino Jerónimo said that efforts were being made to

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Energy International News

Mozambican state-owned Electricity Company Loses 735 Thousand euros

5, March, 20235, March, 2023

Electricity company Mozambique (EDM) recorded losses of around 50 million meticais (around 735,000 euros) due to the bad weather that has affected the country, the company announced. Around 30,000 customers were left without electricity, following the floods that have affected southern and central Mozambique since the beginning of February. In Boane district and Maputo city alone, the most affected areas in southern Mozambique, there are around 4,200 families who are still without electricity due to

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Gas International News Oil

Petrobras to give Priority to Offshore wind Farms

5, March, 20235, March, 2023

The president of the Brazilian oil company, Jean Paul Prates, said that one of the company’s priorities during Lula da Silva’s government will be the development of offshore wind farms. Prates, in the first press conference he gave after assuming the helm of the largest Brazilian state-owned company, explained that, although Petrobras is not going to abandon its main assets or the exploration of hydrocarbons, it will focus on renewable energies to start a process

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Energy International News

African Energy Chamber Commends S&P Global Commodity Insights for Release of Africa Energy Review and Outlook 2022-23

3, March, 20233, March, 2023

Global energy consulting and market research firm S&P Global Commodity Insights has released its latest report, Africa Energy Review and Outlook 2022-23, highlighting key trends shaping Africa’s energy sector and providing recommendations for industry stakeholders and policymakers to maximize market growth. The African Energy Chamber (AEC), as the voice of the African energy sector, strongly commends S&P Global Commodity Insights for the work which will bring global investors up to date with opportunities within Africa’s

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Diamonds International News

Israel hosts Diamond Conference

3, March, 20233, March, 2023

The Israel Diamond Exchange will host on March 27th, the Diamond Conference, a summit meeting of the captains and leaders of the global diamond and jewelry industry, who will discuss and debate the most pressing issues concerning the industry, today and in the future. It will to be opened by the President of the State of Israel Isaac Herzog, and will continue with interviews, professional panels, fascinating lectures, a festive dinner and exciting networking opportunities.

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International News Oil

Mozambican Fuel Distribution Companies Complain of “Dramatic” situation

3, March, 20233, March, 2023

The Mozambican Association of Fuel Companies (AMEPETROL) calls the situation in the sector “dramatic”, complaining that it is buying fuels at elevated prices, but without prices at filling stations being updated. “We have absolute faith that the Government understands our situation, that it is supportive and will find mechanisms to ensure that companies continue to operate normally,” the association’s president, Michel Ussene, told Lusa. Ussene was reiterating warnings AMEPETROL has voiced since the beginning of

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Economy Local News

Lobito Corridor ,World’s Top Railroad for Critical Minerals Transport

3, March, 20233, March, 2023

Angola, Zambia and the Democratic Republic of Congo (DRC) have taken important steps to create a trade corridor that could transform the way the region’s resources are shipped. “Harmonizing regulations on the corridor and infrastructure development would allow the three countries to transport metals used to manufacture electric vehicles and wind turbines from inland mines to port, reducing transport time from weeks to days,” he said. the mining company Pensana in a statement. The agreement

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Economy International News Oil

Fuels Drop in Cape Verde

3, March, 20233, March, 2023

The price of fuel suffered an average reduction of 1.5 percent of the amount paid in the purchase of petroleum derivatives, found a safe source. This reduction stems from the update of the maximum fuel prices in Cape Verde to be in force during the current month of March, carried out by the Multisectoral Regulatory Agency for the Economy (ARME). The phenomenon takes place after the average price of fuel fell 7 percent in December

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