Venezuela agrees to supply oil to Europe but with advance payment
Plataforma - Lisboa - 19/07/2022
Oil sales bring Angola more than expected
Plataforma - Portugal - 13/12/2020
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…
Angola to cut production by 261,000 barrels of oil per day
Angop - Angola - 06/12/2020
In 2021, Angola should set the level of oil production at one million and 267 thousand barrels per day (mb / d), reducing 267 thousand barrels daily, according to an OPEC adjustment table, attached to the decisions of the meeting held on 3 December in Vienna…
'Nothing remained' for Angolans from billions of oil revenue
Lusa - Portugal - 09/11/2020
António Costa Silva on Monday said that Angola had fallen into a “trap” and, of the billions in oil revenues, nothing remained for the Angolan people, 45 years after independence.
António Costa Silva saidthe centralisation of power, which the war…
OPEC celebrates 60 years between discord and the vertiginous fall of the oil monopoly
AFP - England - 25/09/2020
OPEC, which celebrates its 60th anniversary, is experiencing one of the worst crises of its existence, with low demand for oil due to the covid-19 and the energy transition. Its monopoly is questioned and discord prevails among members.
However, experts say the…
Petrobras is selling two deep-water oil fields
Agência Brasil - 25/09/2020
Petrobras started today (25) the process of selling two oil fields located in deep waters of the Campos Basin. The state’s participation in the Albacora and Albacora Leste concessions is offered.
In Albacora, a field that produced in August this year, an average of…
The world's largest heated pipeline designed for the heart of Africa
Plataforma - Macau - 03/09/2020
Project has the stamp of the French company Total, in partnership with China National Offshore Oil Corporation, and has generated much criticism
Despite the global drop in oil prices, especially during this Covid-19 pandemic that is plaguing the world, the French oil…
Currency expected to devalue more than 50% this year
Lusa - Angola - 18/08/2020
The Oxford Economics consultancy on Tuesday said that Angola’s currency could depreciate more than 50% from last year’s value, which caused inflation to rise to the highest level since December 2017.
“Mainly due to the fall in the price of oil this year…
The five largest oil companies accumulated 45 million euros in losses
Plataforma/ Lusa- Portugal - 12/08/2020
The amount of the loss refers only to the 2nd quarter of 2020. The catastrophic results were announced by the five largest oil companies: British BP, American Chevron and Exxon Mobil, Anglo-Dutch Shell and French Total
The free fall in the oil market was largely due to…
Angola's oil sales fell by almost half
Lusa - Angola - 13/06/2020
Angola’s oil exports fell 48% in May from April, to 225 billion kwanzas, according to data from the Ministry of Finance cited by international news agencies.
The value of oil exports went from 432.5 billion kwanzas (644 million euros) in April to 225.3 billion…
Oil production shows a slight fall in April
Jornal de Angola - 06/06/2020
Angolan oil production was 40,555,174 barrels in April, or 1,351,839 million barrels per day, which represents a residual reduction of 0.33 percent, according to data from the National Oil, Gas and Biofuels (ANPG) sent to Jornal de Angola.
In a statement on the evolution…
