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International Oil

OPEC puts Angola and Nigeria below oil production quota by 2023

12, July, 202212, July, 2022

The Organization of Petroleum Exporting Countries (OPEC) considers that Nigeria and Angola, the two biggest oil producers in sub-Saharan Africa, will not be able to produce the maximum allowed by quotas, at least for another year. According to OPEC’s latest report on world oil production, the region’s two biggest producers will not even be able to reach the production limit agreed several years ago due to “persistent underinvestment and maintenance problems”. Angola saw its production

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Oil

Sub-Saharan African oil production drops 3.7% this year – Fitch

12, July, 202212, July, 2022

Consultancy Fitch Solutions estimates that oil production in sub-Saharan Africa will fall 3.7% this year, dragged by the fall in Nigeria, but foresees a “brighter future” for the region’s gas. “We anticipate that production of crude, natural gas and other liquids will fall by 3.7% this year, impacted by the persistent decline in Nigeria, the region’s largest oil producer, which has been significantly affected by reduced investment in current wells and by a lack of

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Oil International

Angola recovers from strong 9.2% oil decline in 2021, says Fitch Solutions

12, July, 202212, July, 2022

Angola could recover from the sharp decline of 9.2% in oil production in 2021, estimated this Sunday, the consultancy Fitch Solutions, noting that “prices and the removal of production limits by the Organization of Petroleum Exporting Countries and allies (OPEC+) will help this rise. “Positive growth in Angola should help to accommodate the general drop in regional production, as exploration activities that are starting by several international companies will boost production by 3.5%”, says the

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Energy

Sonangol decides to restart construction of the Lobito Refinery on its own

11, July, 202211, July, 2022

Sonangol decided to reactivate the construction of the Lobito Refinery on its own. The information was provided by the chairman of the Board of Directors (PCA) of the oil company, Sebastião Gaspar Martins, who informed that the answers they received in the public tender did not satisfy “what was the objective” of the company. “We are already doing preliminary work, in order to proceed with a series of works that were going to be and

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Oil

Oil production in sub-Saharan Africa drops 3.7 percent this year

11, July, 202211, July, 2022

Consultancy Fitch Solutions estimates that oil production in sub-Saharan Africa will fall 3.7 percent this year, dragged by the fall in Nigeria, but foresees a “brighter future” for the region’s gas. “We expect production of crude, natural gas and other liquids to fall by 3.7 percent this year, impacted by the persistent decline in Nigeria, the region’s largest oil producer, which has been significantly affected by reduced investment in current wells and due to a

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Oil

Angola and Zambia agree rapid construction of the pipeline

11, July, 202211, July, 2022

The Zambian Energy Minister, Peter Chibwe Kapala, reiterated, Thursday (7), in Luanda, his country’s commitment to accelerate feasibility studies for the construction of the pipeline aimed at exporting oil and its derivatives from the South. from Angola. Peter Chibwe Kapala assured journalists, at the end of a meeting held between the delegation he led and that of the Ministry of Mineral Resources, Oil and Gas, to seek to underline the “economic advantages” that Zambia could

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Gas International

Angola saves 300 million a year on gasoline imports with Luanda refinery

11, July, 202211, July, 2022

Angola will save around 300 million dollars annually on gasoline imports, with the quadrupling of this oil derivative at the Luanda refinery. The new gasoline production complex at the Luanda refinery, an investment of 235 million dollars by state oil company Sonangol, was inaugurated last week Friday by President João Lourenço. According to the chairman of Sonangol’s Board of Directors, Gaspar Martins, the new gasoline production complex will reduce imports of this fuel by 15

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Gas

Luanda refinery starts producing 1,580,000 liters of gasoline/day

8, July, 20228, July, 2022

The Gasoline Production Complex of the Luanda Refinery will start, as of this Thursday, to produce 1,580,000 liters of gasoline/day, as opposed to the current 395,000 liters, which corresponds to a reduction of around 15% in the annual fuel imports in the country. The new refining unit allocated to Sonangol, expanded with the aim of increasing gasoline production in the country, will be inaugurated by the President of the Republic, João Lourenço. The development also

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Oil International

Angola may export oil products in the near future

7, July, 20227, July, 2022

The Head of State, João Lourenço, believes that the country will be able, in the near future, to export oil derivatives, as soon as domestic needs are met, with the entry into operation of more refining projects. “I believe there will come a time when we will exceed our needs, especially diesel and gasoline”, assured João Lourenço when he answered a question posed by Jornal de Angola at a press conference, on the sidelines of

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Energy

Zambian minister meets with Sonangol management

7, July, 20227, July, 2022

The Zambian Minister of Energy, Peter Chibwe Kapala, participates today in the inauguration of a gasoline production unit at the Luanda Refinery and has a working meeting at Sonangol’s headquarters, in the presence of the holder of the Mineral Resources portfolio, Oil and Gas, Diamantino Azevedo, refers to a note from the Ministry of Foreign Affairs (MIREX). Peter Kapala arrived last night in Luanda, for an official four-day visit to Angola. During the visit, he is

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