Angola to Focus on Stabilizing Oil Production Amid Challenges | 10-12-2024
Angolan Mining Oil & Gas
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Angola Focuses on Stabilizing Oil Production Despite Ongoing Challenges
Angola is intensifying efforts to address imbalances in oil production, a challenge the country is progressively overcoming, according to Diamantino Azevedo, Minister of Mineral Resources, Oil, and Gas. Speaking at the 10th Advisory Council Meeting of the Ministry, held under the theme “Mineral Resources, Oil and Gas: Challenges and Solutions,” the minister emphasized ongoing strategies to…Read the full article
Maaden to Acquire Alrosa’s Stake in Angola’s Catoca and Luaxe Mines
Maaden, the Omani company set to replace Russian diamond giant Alrosa in the Catoca and Luaxe mines in Angola, has initiated discussions with its new partner, the state-owned Endiama. The Ministry of Mineral Resources, Oil, and Gas announced that the first meeting between Ganga Junior, President of Endiama, and Abdul Aziz Al Maqbali, President of Maaden, took place in Luanda earlier this week…Read the full article
Angola’s Energy Sector Poised for Key Milestones in 2025
Angola is gearing up for a transformative year in 2025, marked by key developments in oil, natural gas, and renewable energy. With a strong focus on maintaining crude production above one million barrels per day (bpd) and diversifying its energy mix, the country is advancing projects in green hydrogen, solar energy, and natural gas. Angola’s next international oil and gas tender is slated for the first quarter of 2025…Read the full article
Biden Unveils $600 Million in New Funding for African Railway Infrastructure
President Joe Biden is concluding his trip to Angola with a significant announcement of $600 million in new financing for a multi-country railway, a move aimed at boosting U.S. investment in critical minerals infrastructure across Africa and countering China’s growing influence on the continent. This latest announcement builds on the $553 million pledged earlier this year by the U.S. International...Read the full article
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