Angola | Egypt Oil & Gas - Part 8
Angola Projects Economic Decline Due to Low Oil Prices
Angola's Finance Ministry has halved its economic growth forecast for this year and decreased government's expenditure amid the fall of oil prices which affected the state revenues.
Angola’s Activists Demand Revoking Sonangol Head
Angola's activist accused the president of acting unconstitutionally after appointing his daughter as head of Sonangol, asking Attorney General to revoke her appointment.
Nigeria, Angola Crude Exports to US Increased
Nigeria's and Angola's crude oil export to the United States has risen from the 190,000 b/d recorded in Q1 of 2015 to 354,000 b/d in Q1 of 2016. Angola Marks Loss of 60,000 Oil, Civil Engineering Jobs
Angola has lost some 60,000 jobs in the past 12 months due to the economic crisis triggered by the falling international oil prices.
Angola to Investigate $50b Shortfall in Sonangol
Angola will investigate reports of a $50b shortfall in the accounts of Sonangol, the state-run oil company, local newspaper Valor Economico reported, citing unidentified people close to international consultants hire ... Angolan President’s Daughter in Charge of Sonangol
The Angolan President, Jose Eduardo dos Santos, has appointed his billionaire businesswoman daughter, Isabel dos Santos, as the Head of the state energy firm Sonangol, a move that was sharply condemned by the main op ...
Angola Discovers More Gas In the Sea
The US company Cobalt International has made a “significant” discovery of condensates and natural gas in the Zalophus # 1 well in Block 20 in the Angolan sea. The exploitation would yield 2mbp/d for three years.
Angola Reaching Oil&Gas Production Targets
Angolan state oil company Sonangol has found oil and natural gas reserves in the basins of the Kwanza and Congo rivers that may total 2.2b boe. The reserves, if they are confirmed, are sufficient to produce 2mb/d for ...
