Angolan oil output in November was 1.521 million barrels per day (bpd) according to secondary sources, a monthly increase of 3,000 bpd, according to the Organization of Petroleum Exporting Countries (OPEC) monthly report.
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Gold exploration in the municipality of Chipindo, which is 456 kilometres north of Lubango, the capital of Angola’s Huíla province, will resume in January 2019, the local administrator recently announced.
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Angola will conduct its first diamond auction in January as part of the southwest African country’s plan to open its economy to foreign investors, state-owned diamond-trading company Sodiam said.
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Italian oil company Eni has made a new oil discovery in the Afoxé exploration prospect located in Block 15/06, offshore Angola. The discovery is estimated to contain between 170 and 200 million barrels of light oil in place.
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The Southern African Power Pool (SAPP) will prioritise connecting Malawi, Tanzania and Angola to the regional electricity grid by 2021, with an additional 22 000 MW of electricity generation capacity to be added to the regional grid by 2022.
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Angola’s draft State Budget for 2019, already approved generally by the country’s parliament, may have to be be reviewed, admitted the chair of the parliamentary committee on Economy and Finance.
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The Angolan government is due to approve legislation to regulate local content and introduce clear, feasible and non-bureaucratic procedures in the oil industry in order to allow an effective and growing participation by the domestic industry, said on Monday in Luanda the Minister of State and Head of the Civil House of the President of the Republic.
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The African Energy Chamber congratulated Angola on becoming the sixth African country to join the Gas Exporting Countries Forum (GECF), after Nigeria and Equatorial Guinea. The GECF has been at the forefront of promoting the use of natural gas as an affordable and sustainable fuel of choice for sustainable development.
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The Angola Oil & Gas 2019 conference and exhibition, sponsored by the Ministry of Mineral Resources and OIl, aims to promote new investments in the Angolan oil industry, Africa Oil & Power reported on Monday.
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The marketing and distribution of hydrocarbon products in Angola has been “completely liberalised,” the Ministry of Mineral Resources and Oil announced in a statement released in Luanda.
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