Angola | Egypt Oil & Gas - Part 9

African Oil Tycoons, Businessmen Listed in Panama Papers

The Angolan minister, a Congolese politician, a Nigerian governor and the nephew of South Africa’s President, all of them with ties to oil money are some of the Africans among those implicated in the so-called Panama ...

Angola LNG to Resume Gas Production in July

Angola's Liquefied Natural Gas Company will resume production in July 2016 after being suspended since April 2014 due to a failure in one of the pipelines of the gas flaring system.

EMC Signs Maintenance Contracts in Oman, Algeria, Angola

The Egyptian Maintenance Company (EMC) has managed to sign contracts for the maintenance of oil and electricity projects in Oman, Algeria, and Angola for the first time and to increase its activities in Iraq, Mohamme ...

Sonangol’s Ex-CEO Tipped as Possible President of Angola

Angola's Vice-President and former CEO of state-run oil company, Sonangol, Manuel Vicente, is being considered as one of possible presidential successors, following the announcement that the current head of the count ...

Angola Seeks Tackling Oil Price Decline, Food Scarcity

The government of Angola will adopt a set of measures to respond to the emerging crisis in the country resulting from the sharp drop in oil prices resulting in scarce and more expensive food resources.

IMF is Ready to Lend to African Oil Producers, No Requests Made

The IMF said it stands ready to help sub-Saharan Africa's oil exporters cope with plunging crude prices and growing fiscal pressures but has not received any new funding requests.

Low Oil Prices May Spur Reform in Angola

Low oil prices has pushed the Angolan government to move forward with a reform in private investment and public services, but the process seems to be moving slowly.

France’s Total to Open Fuel Stations in Angola

France's Total has signed a Memorandum of Understanding with Angola's Sonangol to open fuel stations in the southern African nation.

ENI, Sonangol Commit to Update Plans for Lobito Refinery

Angolan state oil company Sonangol signed a commitment with Italian ENI to upgrade current plans for the completion of the Lobito refinery site, delayed over rising costs and financing problems.

Angola Secures 10-Year Commitment from Chinese Oil Firm

Angola’s state energy company Sonangol signed a 10-year agreement with Sinochem Group seeking to increase its funds to withstand low oil price and US shale competition.

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