Angola

Angola: Domestic oil third most expensive in world in June

Angola’s oil was the third most expensive in the world among 13 crudes from members of the Organisation of Petroleum Exporting Countries (OPEC), only surpassed by Algeria and Equatorial Guinea According to OPEC’s monthly report published this week, among the…
EconomyWorld

Brent barrel is down and below 100 dollars

A barrel of North Sea Brent, for September delivery, lost 3% to $99.69, below the symbolic $100 barrier for the first time since April. “Brent prices have seen the third biggest absolute decline since the futures contract began trading in 1988,” say UBS analysts, with…
EconomyGuinea-Bissau

Guinea-Bissau oil agreement has 'no legal basis'

Guinean lawyer Adilson Dywyná Djabulá told Lusa that the recent agreement signed by the presidents of Guinea-Bissau and Senegal on the exploitation of oil and fisheries resources has neither political consensus nor technical-legal support. A professor at the Bissau…
AngolaEconomy

Sonangol, Angola's oil company, buys Pumangol

Angola’s state-owned oil company Sonangol announced the conclusion of the acquisition process of Pumangol. It all began on 16 April, with the sale of the state-owned company’s shares in Puma Energy to Trafigura The operation involved the sale of…
EconomyPortugal

Sao Tome's first oil drilling to occur in 2022

The first oil drilling in Sao Tome and Principe will take place on March 2022, in block 6 of the exclusive economic zone operated by the consortium made up of Anglo-Dutch oil company Shell and Portugal’s Galp, an official source said “This operation will last…
EconomyMacao

Oil, stocks plummet in Asia and Europe as new variant emerges

Markets in Asia and Europe as well as oil prices plunged while safe havens rallied on Friday over fears of a new coronavirus variant that scientists warn could be more infectious than Delta and more resistant to vaccines, potentially dealing a heavy blow to the global…

Oil sales bring Angola more than expected

In November of this year, oil revenue reached 3.4 billion Kwanzas (AKz), a value higher than the forecast of the Revised General State Budget (OGE) 2020. The forecast of the Revised OGE is AKz 2.9 billion, amount from oil, at an average price of $ 33 per barrel. The…