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 as oil price slump cuts liquidity to protect account holders as lenders reel from low oil prices that make up almost all of the nati...
Iraq Urged Sonangol to Resume Operations
Iraq’s Oil Minister, Jabbar al-Luaibi, called for Angolan energy firm Sonangol to to resume work in developing the Qayyarah and Najmah fields in Nineveh province, where the Islamic State group had set wells alig...
Nigeria Produced 1.782mb/d of Oil
Nigeria is said to have returned back to the position of Africa’s top oil producer after Angola took over in March 2016, Nigerian Bulletin reported. As reported by secondary sources in the December 2016 Monthly...
Angola Cuts Output Following OPEC Deal
Angola has become the latest OPEC member to announce the beginning of production cuts as part of the group’s deal to curtail production in a bid to lift oil prices, Oil Price reported. Angolan state oil company ...
Angola LNG Plant Resumed Output
The Angolan liquefied natural gas (LNG) export facility has resumed production after being taken offline in late December 2016, Reuters reported. Angola LNG’s spokesperson, Barbara Freitas-Daniels, said the plant has ...
Pumangol to Build Aircraft Fuel Facility
The Angolan private company Pumangol will invest $295m to build aircraft fuel storage and distribution units at airports in Luanda, Huíla, Benguela and Cunene, as indicated by the official investment contract signed i...
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, Automation informed. Under the project, Flow...
Angola Led Africa’s Oil Production
Angola will close 2016 as the lead oil producer in Africa, having surpassed Nigeria by reaching an average of 1.7mb/d, Prensa Latina reported. The figure exceeds the previous record of 1.5mb/d. Pumping has increased b...
