Oil at $85 could boost Angola, Nigeria & Ghana but hit South Africa, Kenya & DRC, risking inflation, weaker currencies & rate ...

By Miguel Gomes LUANDA, Feb 25 (Reuters) - Angolan state-owned oil company Sonangol said on Wednesday that it wanted to ...

Last month, OPEC, a group of oil exporting developing nations, lowered the cap on Angola’s oil production. Now, the country says it will leave OPEC. Oil production in Angola has been falling for ...

BP plc unveils its fourth oil and gas discovery since 2025 beginning, as Azule Energy strikes oil at Angola's Algaita-01, ...

By Miguel Gomes LUANDA, Feb 25 (Reuters) - Angola's state oil company Sonangol is talking to Chinese financial institutions ...

LONDON (AP) — Angola announced Thursday that it's leaving the OPEC oil producers cartel, coming after it battled with the group over lower production quotas this year. Diamantino de Azevedo, the ...

The Algaita-01 well is situated nearly 18km from the Azule Energy-operated Olombendo FPSO.

Angola’s state oil company, Sonangol, is diversifying its portfolio by acquiring stakes and exploration concessions in critical minerals like lithium and uranium, aligning with the country's national ...

Alongside agriculture, industry, and renewable energy, tourism is increasingly coming into focus as a significant growth ...

Officials have been unhappy after the oil cartel, led by Saudi Arabia, pushed Angola and other countries to accept lower production ceilings. By Stanley Reed Reporting from London In a sign of ...

This month, Angola reduced the number of oil cargoes being sent to China to pay its debts, and also said that it has sought debt relief from the G20. Oil-backed loans account for roughly two-fifths of ...

It’s “not economically viable” for Angola to export crude oil and then import refined products, says Bostandjiev. “It creates a hard currency drain.” The project will also generate taxes for public ...