News Angola Industry: Angola’s Sonangol orders $245M LNG carrier for gas exports
Sonangol orders $245 million LNG carrier from South Korea, delivery due 2028 Vessel to export Angolan LNG; first new carrier in Sonangol fleet renewal Order aligns with Angola gas expansion as LNG ...
News Angola Industry: Angola's oil and gas industry continues to provide huge opportunities for investors, despite energy transition (By Verner Ayukegba)
Over the past three decades, Angola has proven to be a tier one destination for major oil and gas producers. It is for that reason, that the country is host to all major International Oil Companies.
News Angola Industry: Angola's Cabinet Assesses Freight Forwarding Draft Law
Angola's Cabinet on Monday assessed the Draft Law that grants authorization to the President of the Republic João Lourenço to legislate on the Legal Regime of Freight Forwarding business.The final communique of the Cabinet's extraordinary session highlights that the Draft Law aims to adjust the legal framework for the freight forwarding business regarding the regulation, supervision and its adjustment to ongoing macroeconomic context.The meeting...
News Angola Industry: Angola: Government Approves Self-Construction Project
Angolan government approved Tuesday the construction-oriented project during the 4th Ordinary Session of the Economic Commission of the Cabinet Council chaired by the President of the Republic, João Lourenço.In its press note, released at the end of the Session, the Commission states that this is a five-year project - 2023-2027 - designed for the national citizens.The documents adds that the project represents a mechanism for the execution of...
News Angola Industry: Angola Prepares 1st Report On Extractive Sector Transparency Initiative
The National Coordination Committee (CNC) of the Extractive Industry Transfer Initiative (EITI-Angola) will soon begin to prepare the first report on the activity of the oil and mineral resources industry, a document that will be submitted to the International body.
News Angola Industry: Oil industry in Angola
Use rate of installed oil refining capacity in Angola 2013-2020 Volume of crude oil refined in Angola 2013-2020 Production of refined fuels in Angola 2013-2020 Refined fuels production in Angola ...
News Angola Industry: Angola: Industrial Production Increases 3.4 Percent in 2022
The Industrial Production Index (IPI) for 2022 registered a variation of 3.4%, compared to 2021, influenced by the increase in "Extractive Industries", with 1.7%, and "Manufacturing Industry", with 1. 2%.
News Angola Industry: Roundup: Angola decides to remove fuel subsidies
LUANDA June 1 Xinhua -- Angolan Minister of State for Economic Coordination Manuel Nunes Junior announced on Thursday in Luanda the capital of Angola the g
News Angola Industry: France's Macron pushes economic ties in Angola
French President Emmanuel Macron on Friday pursued his African tour aimed at renewing frayed ties, inking an economic accord with Angola. - Anti-French sentiment - He arrived in Luanda late Thursday from Gabon, and is due in Brazzaville later Friday before winding up his tour in Kinshasa, capital of the Democratic Republic of Congo.
News Angola Industry: Angola redevelopment commission works on longterm strategies
ANGOLA — Angola Redevelopment Commission elected officers for 2023 and discussed some of the introductory details to its work during its meeting Wednesday.
News Angola Industry: Baker Hughes signs supply contract with Angola's Azule Energy
Oilfield firm Baker Hughes Co said on Tuesday it has been awarded a contract to supply subsea equipment and services to Angola-based firm Azule Energy for work in the Agogo oilfield.
News Angola Industry: Angola: Head of State Invites Audit Court President to Resign
The Angolan Head of State, João Lourenço, invited the president of the Audit Court (TC), Exalgina Gambôa, to resign her mandate, because she no longer has conditions to exercise her functions.In a statement sent to ANGOP, the Press Office of the Presidential Palace does not specify the type of occurrences that President João Lourenço considers susceptible of compromising the normal functioning of the Audit Court, in particular, and the judicial...
News Angola Industry: Angola successfully overcame 2022 challenges, but new trials lie ahead, said the mayor in his state of the city address
ANGOLA — Angola Mayor Richard Hickman read his 22nd and ... The mayor noted that while Indiana is in the top five for low taxes for businesses and industries, it is in the bottom five to 10 in terms ...
News Angola Industry: Angola leads the PV way, as Africa increases solar energy capacity – report
Nearly 1GW of new solar PV capacity was installed across Africa in 2022 - up from 833MW, says a new report from AFSIA.
News Angola Industry: Angola Draws Inspiration from Israel as it Diversifies Its Economy
Emerging from a 27-year civil war in 2002, Angola has spent the past two decades rebuilding the country, for a time becoming the continent’s fastest-growing economy, with one of the world’s fastest ...
News Angola Industry: Angola court orders dos Santos’s assets seized: Portuguese agency
Angola’s Supreme Court has ordered the “preventive” seizure of assets worth about $1bn held by Isabel dos Santos, the daughter of its former president, Portugal’s Lusa news agency said on ...
News Angola Industry: Oil-dependent Angola to start trade talks with EU
STORY: Angola and the European Union are set to start talks for a trade deal this year, according to an EU document and an official.The green light to start negotiations, which would see Angola join a regional trade bloc, came in late July according to the EU document - shortly before a general election next week.The possible deal would likely increase Angolan exports to the EU - potentially reducing the dominance of oil which currently accounts for nearly all exports by value.Products such as frozen shrimps, ethyl alcohol, wheat bran and bananas are likely to benefit the most, thanks to the expected lifting of tariffs, according to EU estimates.An EU spokesperson said they are in a position to open negotiations, but a date has not been agreed with Angola.The Angolan government had no immediate comment.Most Angolan exports to the EU already benefit from preferential treatment because the country is classed as a least developed nation.But thanks to its recent oil-fueled economic growth, the southern African country is set to lose that status in 2027.That means it would face tariffs on several products - unless it joins the regional trade agreement that the EU signed with six southern African countries in 2016.Under that deal EU products will also access the Angolan market with lower duties - an advantage for local consumers but a risk to domestic industries if they do not invest to remain competitive.
News Angola Industry: Angola sets sights on housing
A new year means new projects, and the city is predicting new housing as one of the big developments for 2022.
