Fourty companies have already registered for the first rough diamond auction to be held in Angola, an initiative intended to strengthen commitment to innovation and transparency in the diamond industry, said the Angolan Minister of Mineral Resources and Oil, Diamantino Azevedo.
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A hub dedicated to the diamond industry in Angola will be inaugurated in 2019 in Saurimo, Lunda Sul province, the minister of Mineral Resources and Oil announced on Thursday.
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The Angolan Ministry of Mineral Resources and Oil before the end of the year will finalise the strategy for exploration and auctioning of new oil blocks for the 2019/2023 period, the minister announced on Thursday in the city of Soyo.
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The construction of a pipeline between Zambia and Angola will cost the Zambian authorities an estimated US$5 billion, Angola’s minister of Mineral Resources and Oil said in Luanda.
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The new model of organisation of the oil sector in Angola aims to make state oil and gas company Sonangol more efficient and eliminate conflicts of interest, the Minister of Mineral Resources and Oil said on Tuesday in Luanda.
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The irregularities in new block bids and excess bureaucracy are behind the decline in oil production in Angola, the minister of Mining Resources and Oil said on Wednesday in Luanda.
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