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Energy

Power from the public grid arrives at the Port of Lobito container terminal

10, August, 202210, August, 2022

The container terminal in the Port of Lobito is, since last Monday, benefiting from energy from the public grid, with the entry into operation of an energy transformation station. This station, which started eight years after it was inaugurated, has a capacity of 15 kilovolts and will ‘illuminate’ the light poles to simplify work at night. In addition, it will also make the heaviest cranes work. This equipment had an investment of around 65 million

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Gas Oil

ANPG and TotalEnergies signed contracts for onshore exploration of eight blocks

10, August, 202210, August, 2022

The national oil concessionaire, TotalEnergies and the associates of Block 48 signed this Thursday, in Luanda, contracts for the exploration of three blocks in the Congo onshore Basin and another five in the Kwanza onshore Basin. At the ceremony, the president of the National Agency for Petroleum, Gas and Biofuels (ANPG), Paulino Jerónimo, stressed that the signing of the contracts is the culmination of a long negotiation process. Paulino Jerónimo “strongly” congratulated the investors, partners

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Infrastructure

AIPEX and Quanten Consortium sign a contract for the construction of the Soyo Refinery this Wednesday

10, August, 202210, August, 2022

The investment contract for the construction and operation of the Soyo Refinery (Zaire province) will be signed this Wednesday. In the amount of 3.5 billion dollars, the document will be signed between the Private Investment and Export Promotion Agency (AIPEX) and Quanten Consortium Angola. The future refinery will have a processing capacity of 100,000 barrels of oil per day and will guarantee around 900 direct jobs. “The referred project is external (United States), and is

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Oil

MTI Energy explores Congo and Kwanza blocks

10, August, 202210, August, 2022

Canadian oil company MTI Energy begins this year with seismic studies to explore the shared blocks of the Congo and Kwanza onshore basins, tendered by the National Agency of Petroleum, Gas and Biofuels (ANPG) With a production of 25,000 barrels of oil/day, MTI Energy will explore Block 5, in the Congo basin, where it has a 50 percent share in production. In this basin, the Canadian oil company shares exploration with Prodoil (15 percent), Prodiaman

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Oil

Brent barrel for October delivery up 1.77%

10, August, 202210, August, 2022

The price of a barrel of Brent oil, which serves as a reference for Angolan exports, for delivery in October ended, this Monday, on the London futures market up 1.77%, to US$96.60. The data on Chinese exports for July, above what analysts had anticipated, boosted investors’ perspectives on the evolution of oil demand. Despite the result of the session having been positive for the price of a barrel during the day, it was evolving by

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Gas Oil

ANPG and Total announce first development of ‘Begonia’ in Block 17/06

29, July, 202229, July, 2022

The final investment decision for the Begónia Development Area, located in the Lower Congo sea basin, about 150 kilometers off the Angolan coast, has already been taken. The information is provided by ANPG, TotalEnergies and the partners in Bloco 17/06. The Begónia reservoir will be developed through five subsea wells (three for production and two for water injection), connected to the floating production, storage and offloading unit FPSO Pazflor, in production since 2011 in Block

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Energy Infrastructure

AFC expands Angola investment to potential $1 billion across commodities, rail and power

28, July, 202228, July, 2022

Angola, which recently became Africa’s largest oil producer, is seeking to add more value across the commodity exports spectrum by partnering with the Africa Finance Corporation as a shareholder and its 35th member state. With Angola’s natural resources in high demand as Europe seeks alternative sources of fuel and foodstuff in the wake of the Ukraine-Russia crisis, the partnership with AFC will help to drive the nation’s next growth and development phase, said Finance Minister Vera Daves. ”Membership of AFC

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Oil

Sonangol’s profit grows to 2.1 billion dollars, the best result since 2014

28, July, 202228, July, 2022

The consolidated net income of state-owned oil company Sonangol amounted to 2.1 billion dollars in 2021, the best result in eight years and an increase of 152 percent over the previous year. According to the statement released this Wednesday by Sonangol, on the day it published its 2021 report and accounts, it was “a substantially robust economic and financial result, the result of excellent operational performance” that results from the measures taken, namely cost rationalization,

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Mining

Demand for critical minerals is “galloping” giving Angola “enormous opportunity”

28, July, 202228, July, 2022

Demand for critical minerals is increasing “at a galloping way”, without being accompanied by supply, creating a “huge opportunity” for Angola to position itself as an important player in the sector, according to a manager at the Pwc consultancy. Alexandra Moutinho presented this Wednesday the study “Mine 2022”, which focuses on the largest companies in the sector (“Top 40”), describing 2021 as an exceptional year for the industry, in which profits grew 27 percent to

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Gas Oil

Closed deals. Gas exploration in the Quiluma and Maboqueiro fields starts in 2026

27, July, 202227, July, 2022

Negotiations for the start-up of the new gas consortium in Angola were closed. According to an announcement by the National Oil, Gas and Biofuels Agency (ANPG) and Eni, the New Gas Consortium (NGC) has closed the Final Investment Decision for the Quiluma and Maboqueiro gas project, whose gas exploration will start in 2026. “The National Oil, Gas and Biofuels Agency, Eni and the partners of the New Gas Consortium (Chevron, Sonangol, BP and Total) inform

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