Economy

Covid-19 forces postponement of test well drilling in East Timor

The restrictions imposed on the movement of people due to the Covid-19 pandemic has forced Timor Resources to temporarily suspend test drilling in the south of Timor-Leste, the company”s director of operations told Timorese news agency Tatoli. “We have suspended…
Economy

OPEC agreement implies cutting oil production in Angola

The agreement between the Organization of Petroleum Exporting Countries (OPEC) and non-member countries to bolster the recent fall in oil prices is expected to lead to a cut in Angolan oil production to around 1.1 million barrels per day.