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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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Gold Local Mining

Around 58% of gold production projects are stopped

5, July, 20225, July, 2022

12 projects were licensed for the production and export of gold, but only 5 started. At a time when the 1st stone was laid for the construction of a refinery. Seven of the 12 projects licensed for the production and export of gold in Angola have not started activity, reveal data from the Ministry of Mineral Resources, Oil and Gas (MIREMPET) released at the time of laying the foundation stone for the construction of the first

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Mining Local

Biggest Mines in Angola by Production

5, July, 20225, July, 2022

Angola represents one of the richest mineral markets in the world, with sizeable gold, diamond, iron ore and rare earth minerals leading to the development of large-scale mining operations across key basins. At the forefront of the country’s mineral wealth is the diamond sector, with the $1.2 billion industry positioning Angola as the fourth largest producer globally and the second largest in Africa. Now, with ambitions to further diversify the economy on the back of

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Energy Renewable Energy

Conference analyzes energy in Angola today

5, July, 20225, July, 2022

The Lusophone Association of Renewable Energy (ALER) today, in Luanda, presents the national report at the International Conference on Renewable Energy in Angola, a meeting scheduled to end tomorrow. The event is organized by ALER and the Angola-na Association of Renewable Energy (ASAER), in partnership with the Ministry of Energy and Water, taking place at the António Agostinho Neto Memorial with the participation of 300 institutional and business representatives as well as experts. linked to the

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Energy Economy International

Afreximbank, African Petroleum Producers Organization (APPO) Launch African Energy Bank in Angola

5, July, 20225, July, 2022

In response to the coordinated withdrawal of international trade and project financing from Africa’s oil and gas industry, Afreximbank and APPO have signed an agreement for the creation of an African Energy Transition Bank The African Export-Import Bank (Afreximbank) and the African Petroleum Producers Organization (APPO), who have had a long, mutually beneficial relationship, have signed an agreement for the joint establishment of an African Energy Bank (www.EnergyChamber.org) at the 8th African Petroleum Congress and Exhibition

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