Angola’s oil revenues fall by more than 20% in 2023
Angola’s oil revenues fell 21.3% in 2023 compared to the same period in 2022, reflecting the drop in the average price of a barrel and […]
oil
Angola expects to raise 2 billion ME in year of implementation of single income tax
The Angolan state expects to raise 2 billion kwanzas (2.1 billion euros) in the year of implementation of the Single Tax on Corporate Income (IRPC), […]
Angola withdraws from OPEC in disagreement with oil quotas
Angola has decided to withdraw from the Organization of the Petroleum Exporting Countries (OPEC), against a backdrop of disagreement over oil production quotas, deeming it […]
Angola inaugurates second phase of 39ME gas project in Soyo
Sonangol inaugurated Thursday December 14 the second phase of the Falcão project, an investment of 42.8 million dollars (38.9 million euros) that will supply gas […]
Zimbabwe: significant natural gas deposits found in north leave citizens unimpressed
Energy companies claim to have discovered natural gas in northern Zimbabwe, with the country’s government expressing hope that the discovery, if it can be exploited, […]
Sonangol wins award for Oil Company of the Year at African Energy Week
Sonangol once again won the National Oil Company of the Year award during African Energy Week, which took place in Cape Town. Gaspar Martins also […]
Oil companies have invested more than €1.8 billion in prospecting in Mozambique since 2006
Since 2006, oil companies in Mozambique have invested more than 1.8 billion euros in hydrocarbon exploration projects that are awaiting development plans or final investment […]
The Opec+ reaches an uneasy agreement on a production cut
An oil production cut is on the way. An agreement was reached by the 23 OPEC+ member States, producers of around 40% of the world’s […]
Mozambican government wants to audit about 24 State companies
The Institute for Management of State Holdings (Igepe), the body that manages the State business sector (SEE) in Mozambique, will audit the accounts from 2020 […]
Guinea-Bissau and Italian oil company Eni sign agreement to boost hydrocarbon exploration
Guinea-Bissau and Italian oil company Eni will start a collaboration in the areas of exploration, natural climate solutions, agriculture, sustainability and health, the transalpine company […]