Angola | Egypt Oil & Gas - Part 5
Angolan Banks Call for Bailout as Oil Slump Cuts Liquidity
Angolan banks are appealing to the government to help put together a bailout package to protect account holders as lenders reel from low oil prices that make up almost all of the nation’s foreign-exchange earnings.
Iraq Urged Sonangol to Resume Operations
Iraq called for Angolan energy firm Sonangol to to resume work in developing the Qayyarah and Najmah fields in Nineveh province.
Nigeria Produced 1.782mb/d of Oil
Nigeria is said to have returned back to the position of Africa's top oil producer with 1.782mb/d in November.
Angola Cuts Output Following OPEC Deal
Angola has become the latest OPEC member to announce the beginning of production cuts. Output was cut by 78,000b/d to 1.673mb/d.
Angola LNG Plant Resumed Output
The Angolan liquefied natural gas (LNG) export facility has resumed production after being taken offline in late December 2016.
Pumangol to Build Aircraft Fuel Facility
Pumangol will invest $295m to build aircraft fuel storage and distribution units at airports in Luanda, Huíla, Benguela and Cunene.
Angola Introduced Software to Manage LNG Delivery
Flow-Cal, a provider of measurement data management solutions for natural gas and petroleum liquids, recently completed a project for Angola LNG at Soyo in northern Angola.
Angola Led Africa’s Oil Production
Angola will close 2016 as the lead oil producer in Africa, having surpassed Nigeria by reaching a daily average of 1.7m barrels.
