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Angola’s Oil Production and Revenue Trends in 2023
In 2023, Angola's oil production saw a 3.6% drop, reaching 1.09 million barrels daily, as reported by the National Agency for Petroleum and Gas...
Angola’s Move to Boost Oil Production
The Angola Agency for Oil, Gas, and Biofuels (ANPG) selected nine companies for oil block management in the Lower Congo and Kwanza regions.
Additionally, five...
Rising Inflation in Angola: Oxford Economics’ Forecast
Oxford Economics projects a significant rise in Angola's inflation rate, anticipating it to reach 23% in the current semester.
This increase follows a notable rise...
Angola’s Steady Economic Rise in 2023
In the third quarter of 2023, Angola's economy experienced a 1.4% growth compared to the same period in 2022.
It's an improvement from the previous...
Angola’s Sonangol Reboots Oil Exploration in Cuanza Basin
Angola's state-owned oil company, Sonangol, has successfully drilled a second evaluation well in the Cuanza Basin's Block 11, named 'KON-11'.
This development, announced yesterday, marked...
Angola’s Strategic Economic Leap with WFZO Office
Angola is set to host a regional office of the World Free Zones Organization (WFZO), signifying a major leap in its economic development.
This decision,...
Angola Set to Unveil Africa’s Largest Private Safari Park
Over ten years ago, Namibian Stefan Van Wyk dreamt of creating Angola's first private wildlife refuge adjacent to Namibia.
His goal was bold: to make...
Angola Shifts Power Away From Luanda Closer To The People
Angola's Republic Council is set to transform the nation into 20 provinces and 325 municipalities by 2025, aiming to bring governance closer to its...
Angola Exits OPEC
In a new development, Angola announced its decision to leave the Organization of the Petroleum Exporting Countries (OPEC).
This declaration came from the government's Facebook...
Angola’s $7.8 Billion Oil Sector Expansion
Angola's oil industry is embarking on a major expansion with three contracts totaling approximately $7.8 billion.
These agreements, involving the National Agency for Petroleum, Gas...
Angola’s Inflation Rate Set to Climb, Says Oxford Economics
Oxford Economics has updated its inflation forecast for Angola, and they now project a rise to 22.7% by mid-2024.
This change follows the report of...
Angola’s Step Forward in Cryptocurrency Oversight
Angola's parliament has recently passed a bill focused on cryptocurrency mining and virtual assets.
This unanimous decision marks a significant step in regulating digital currencies....
Angola Asserts Independence in OPEC+ Oil Quota Dispute
Angola's representative to OPEC announced that the country has rejected the oil production quota proposed by the organization for 2024.
Angola plans to maintain its...
OPEC+ Navigates Oil Production Dilemmas, Eyes on Angola and Nigeria
OPEC+ met on Thursday to resolve a deadlock on oil production quotas, debating further reductions to stabilize falling oil prices.
Saudi Arabia, a pivotal member,...