Angola Reaching Oil&Gas Production Targets

• Wednesday, 27th April 2016
• by Egypt Oil & Gas

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...

Angola Economy Reeling from Low Oil Prices

• Sunday, 9th August 2015
• by Egypt Oil & Gas

Angola, Africa’s largest crude producer after Nigeria, is facing extreme austerity measures as it deals with the fallout of low oil prices, reported Bloomberg. This fiscal year’s budget has already been cut by 25%, wi...