By way of its “SH2030” plan, Algeria’s Sonatrach aspires to become the world’s fifth-largest national oil company (NOC) by the year 2030. Advertisements
Angola’s oil production fell to 1.478 million barrels per day (bpd) in 2018, from 1.632 million bpd the year before, due mainly to ageing oil fields, figures from state oil company Sonangol showed on Monday.
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Angola’s oil industry should be self-sufficient in lubricant and fuel production as well as being competitive, President João Lourenço said on Thursday in Luanda.
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OPEC production declined by 797,000 bpd in January from a month earlier, averaging just 30.81 mb/d.
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OPEC’s crude oil production plummeted by nearly 1 million bpd from December to 30.86 million bpd in January, marking the lowest production for the cartel since March 2015, as Saudi Arabia over-delivered and members exempted from the reduction pact saw their output further drop, according to the S&P Global Platts survey.
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Copper production in Democratic Republic of Congo, Africa’s top producer, rose 12.9 percent in 2018 to 1.2 million tonnes, the Chamber of Commerce said in a presentation on Wednesday.
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Angola’s state-owned diamond firm Endiama sees production rising to 13.8 million carats in 2022 compared with 9.5 million carats forecast for this year, a senior official said on Wednesday.
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Egypt to raise gas output by 400 mn cubic feet this week: Minister CAIRO: Egypt plans to raise its natural gas output by 400 million cubic feet per day within three days, Petroleum Minister Tarek El Molla said on Tuesday, by increasing production at its Giza and Fayoum fields.
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BP Plc joined its Big Oil peers by giving investors a positive surprise, exceeding profit estimates and earning better returns than its closest European rival as reported by Bloomberg.
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Xtract Resources on Tuesday reported alluvial mining contractors operating at its Manica project, in Mozambique, had produced about 1 328 oz of gold in the quarter ended December 31.
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