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, Reuters reported. This ...
Angola’s Activists Demand Revoking Sonangol Head
Human rights activist, Rafael Marques, has accused the president of acting unconstitutionally after appointing his daughter, Isabel dos Santos, as the Head of the state energy firm, Sonangol. Marques has filed three r...
Nigeria, Angola Crude Exports to US Increased
Nigeria’s and Angola’s crude oil export to the US has risen from the 190,000 b/d recorded in Q1 of 2015 to 354,000 b/d in Q1 of 2016, the Organization of Petroleum Exporting Countries (OPEC) revealed in it... Angola Marks Loss of 60,000 Oil, Civil Engineering Jobs
Angola has seen a loss of 60,000 jobs in the oil and civil engineering sector over the past year due to the economic crisis triggered by the falling oil prices, Oil Price reported. Chairman of the Angolan Industrial ...
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 the international consultants hi... 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 head of state energy firm Sonangol in a move that was sharply condemned by the main oppositio...
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 company said in a statement according to MacauHub. Acc...
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, MacauHub reported. Those reserves, if they are confirmed, are sufficient...
