Angolan Mining Oil & Gas - Page 386 of 389 - Top Angolan News for Oil, Gas and Mining Industries

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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Infrastructure Energy

João Lourenço signs a decree that finances a loan of 1.5 billion to Caculo Cabaça

7, July, 20227, July, 2022

The Government approved financing agreements worth more than two billion euros for water supply infrastructure, hydroelectric use and projects in the field of agriculture. The largest financing agreement, in the amount of 1,519 million euros, refers to the implementation of the Caculo Cabaça hydroelectric plant, according to presidential orders signed by João Lourenço and consulted by Lusa. A loan of 1,380 million euros is planned from a banking consortium comprising the banks Unicredit and Commerzbank,

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Gas Oil

Angolan President inaugurates the Petrol Production Complex of the Luanda Refinery

7, July, 20227, July, 2022

The President of the Republic, João Lourenço, will proceed, this Thursday, to the inauguration of the new Gasoline Production Complex assigned to the Luanda Refinery. The start of this project will make it possible to improve the quality of gasoline, but also to increase production capacity from 395,000 to 1,580,000 liters per day. According to a statement from the Ministry of Mineral Resources, Oil and Gas, to which VerAngola had access, the start-up of the

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Energy International

Sonangol wants to produce green hydrogen by 2024

7, July, 20227, July, 2022

State oil company Sonangol has signed a memorandum of understanding with German companies Gauff and Conjucta for the production of green hydrogen, starting in 2024. According to a press release from Sonangol, the agreement follows technical and economic feasibility studies, previously carried out, for the financing, construction and operation of a plant for the production of green hydrogen and derived products, in Angola. The objective is to commercialize the product on the local and international

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Oil Petroleum

Zambian energy minister returns to Angola. Pipeline between the two countries ready to move forward

6, July, 20226, July, 2022

The construction of an oil pipeline between the two countries remains a central issue in relations between Angola and Zambia, with the Zambian energy minister visiting the country to learn about the works in progress. Peter Chibwe Kapala arrives in Angola this Wednesday – where he will return for the second time in less than a year – returning to Zambia on July 9, according to the Ministry of Petroleum and Mineral Resources, in a

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International

BELGIUM OVERCOMES PORTUGAL IN EXPORTS TO ANGOLA

6, July, 20226, July, 2022

Portugal was overtaken by Belgium in exports to Angola in the first quarter of this year, with China remaining at the top, according to the Bulletin of Foreign Trade Statistics, published by the National Statistics Institute (INE). Between January and March 2022, Angola’s trade balance showed a positive balance of 4.55 billion kwanzas (10 billion euros) due to the behavior of the price of oil, the main export product. In the first quarter, exports registered

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Energy International Oil

Oxford Economics predicts first rise since 2015 with production of 1.18 million barrels of oil

6, July, 20226, July, 2022

The consultancy Oxford Economics has revised the forecast of oil production in Angola, anticipating that the country will be able to pump 1.18 million barrels a day this year, increasing production for the first time since 2015. “We expect oil production in Angola to rise to 1.18 million barrels per day in 2022, up from 1.13 million barrels in 2021, but the balance of risks is negatively unbalanced due to the possibility of further technical

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Oil International

OPEC+ confirms increase in production of 648 thousand barrels of oil per day in August

5, July, 20225, July, 2022

The Organization of Petroleum Exporting Countries and its allies (OPEC+), led by Saudi Arabia and Russia, confirmed this Thursday that it will increase oil supplies by 648,000 barrels of crude oil per day (bpd) to a total of 43.85 million barrels bdp in August.The 31st OPEC and non-OPEC Ministerial Meeting is scheduled for 3 August.Angola is a member of OPEC and its production quota has increased from 1,450 to 1,502 million barrels per day for

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Economy Governance Taxation

Tax authorities tighten coercive collection of taxes owed by Tecmad

5, July, 20225, July, 2022

Tecmad – Mining Services will have to pay a debt of Kz 248.5 million in taxes, Kz 62.5 million in fines and Kz 69.9 million in compensatory interest, making a total debt of Kz 382.0 million. The General Tax Administration (AGT) notified, through a notice published in the June 14 edition of Jornal de Angola, Tecmad – Mining Services to collect a tax debt of 382.0 billion Kz referring to taxes on income from work

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