Angola | Egypt Oil & Gas - Part 9
Angola LNG to Resume Gas Production in July
Angola’s Liquefied Natural Gas Company (LNG) 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, Oil Minister, Botelho d...
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, Mohammed...
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 ...
Angola Seeks Tackling Oil Price Decline, Food Scarcity
The government of Angola will adopt a set of measures on taxation, monetary policy, foreign trade, and the productive sector of the economy to respond to the crisis resulting from the sharp drop in oil prices, accordi...
IMF is Ready to Lend to African Oil Producers, No Requests Made
The International Monetary Fund (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 fr...
Low Oil Prices May Spur Reform in Angola
Low oil prices have pushed the Angolan government to move forward with a reform in private investment and public services, but the process seems to be moving slowly, AFKInsider reported. The country has begun with leg...
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, Total told Reuters. The company said that an agreement could represent a...
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, according to Reuters. ...
