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Angolan oil Company Aims to Increase Refining and Renewable Energy

26, February, 202326, February, 2023

Angola’s state-owned oil company, Sonangol, has revealed its strategic plan for 2023-2030, which includes a focus on the value chain linked to hydrocarbons, an increase in refining capacity to 425,000 barrels of oil per day, and the addition of a petrochemical complex. The company also plans to increase storage capacity and produce renewable energy from photovoltaic projects to reduce carbon dioxide emissions by around 15%. Furthermore, the company aims to increase carbon capture and investment

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Gas International News Oil

Uganda Gives Priority to People Displaced by Oil Exploration, Petroleum Agency

26, February, 202326, February, 2023

During the next five years, the Petroleum Authority of Uganda (PAU) expects that Uganda’s land acquisition procedure for oil and gas infrastructure will be a model for best practices in megaprojects both within and outside of Uganda. The PAU director of legal and corporate affairs, Mr. Ali Ssekatawa, stressed via an article the necessity of a well-organized compensation and resettlement scheme for those impacted by any large infrastructure project to succeed. This subject has been

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Local News Oil

Sonangol Earns US$12.6 billion in 2022

26, February, 202326, February, 2023

Sonangol recorded, in the 2022 financial year, a turnover of US$12.6 billion, corresponding to an operating result (EBITDA) estimated at US$4.9 billion. The information was released on Friday 24th February, in Luanda by the chairman of the Board of Directors of the Angolan oil company, Sebastião Gaspar Martins, during the conference to present the provisional performance balance sheet. The manager said that the company is present in around 35 concessions as a partner, currently being the

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Local News Oil

Oil Production Reached More than 30 million barrels

26, February, 202326, February, 2023

Angola’s oil production for the month of January was 34 million 294 thousand 39 barrels, corresponding to a daily average of 1 million 106 thousand 285 barrels of oil/day against 1 million 197 thousand 939 barrels forecast. According to the monthly production summary of the National Petroleum and Gas Agency (ANPG), production of associated gas during the month of January was 82 million 534 thousand cubic feet, corresponding to a daily average of 2 million 662

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Gas Local News

Sonangol Reduced Gasoline Import costs by US$92 million

24, February, 202324, February, 2023

Sonangol reduced gasoline import costs by US$92 million, due to the completion and start-up of the new Gasoline Production Complex at the Luanda Refinery, having achieved production of around 85,000 tonnes by the end of 2022 metrics. These data were released this Friday 24th February in Luanda, at a press conference by the Board of Directors of the national oil company, in reference to the 47th anniversary, where he underlined that “the data in question

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Diamonds International News

Diamond Exports from DRC to Belgium See a 12% Surge in 2022

24, February, 202324, February, 2023

Diamond exports from the Democratic Republic of Congo (DRC) to Belgium increased by 12% in 2022. During this period, the country officially exported 11.68 million carats of diamonds against 12.68 million in 2021. According to statistics made public in February 2023 by the Ministry of Mines, the share of the United Arab Emirates in these exports has fallen by 10%, from 60% to 50% in one year, while that of Belgium has increased. to reach

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Gas Local News Oil

Executive Maintains Strategy for self-sufficiency in Fuels until 2027

24, February, 202324, February, 2023

Sonangol is involved in refining projects that aim to materialize the Executive’s strategy “so that we can achieve self-sufficiency in fuels by 2027”, said, this Friday 24 feb, in Luanda, the Secretary of State for Oil and Gas. José Barroso, who was speaking at the opening of the press conference alluding to the 47th anniversary of Sonangol, also said that the state-owned oil company is also committed to increasing its capacity for storing liquid and

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Local News Oil

Extension of Block 0 will yield US$27 billion by 2050

24, February, 202324, February, 2023

The country will raise US$27 billion with the extension of the concession of Block 0 in the maritime zone of Cabinda province, for another 20 years, until 2050, advanced, Minister of Mineral Resources, Petroleum. and Gas, Diamantino Azevedo said yesterday, february 23, in Luanda. The minister was speaking at the National Assembly, during the discussion and approval of the Legislative Authorization Project that authorizes the President of the Republic, as holder of the Executive Power,

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Gas Local News

Chevron to Supply More Gas to Angola LNG

24, February, 202324, February, 2023

Sonamet and Sarens transported a 2,200-tonne Jacket platform from Belgium to Angola via a large vessel known as a barge. According to data from the institution to which Jornal de Angola had access, the Jacket is intended for the Sanha Lean Gas Connection (SLGC) project of the oil company Chevron. The data indicate that the crew used 4 jacks of 200 tons for the movement with 20 ballast pumps to keep the barge at the right

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Gas International News

Gas Demand Fell More Than Expected

24, February, 202324, February, 2023

The European Union managed to exceed the goal of cutting demand for gas this winter, according to new data from Eurostat. Eurostat data shows that the European Union’s winter demand has fallen by 19 percent compared to the five-year average, beating the 15 percent target it has set for itself to help it survive the winter. The biggest drop was in Finland, which reduced its use by nearly 60 percent. Lithuania had the second biggest drop, down

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