Angola

Coordinates: 12°30′S 18°30′E / 12.500°S 18.500°E / -12.500; 18.500

Angola /æŋˈɡlə/, officially the Republic of Angola (Portuguese: República de Angola pronounced: [ɐ̃ˈɡɔlɐ]; Kikongo, Kimbundu and Umbundu: Repubilika ya Ngola), is a country in Southern Africa. It is the seventh-largest country in Africa, and is bordered by Namibia to the south, the Democratic Republic of the Congo to the north, Zambia to the east, and the Atlantic Ocean to west. The exclave province of Cabinda has borders with the Republic of the Congo and the Democratic Republic of the Congo. The capital and largest city is Luanda.

Although its territory has been inhabited since the Paleolithic Era, modern Angola originates in Portuguese colonization, which began with, and was for centuries limited to, coastal settlements and trading posts established from the 16th century onwards. In the 19th century, European settlers slowly and hesitantly began to establish themselves in the interior. As a Portuguese colony, Angola did not encompass its present borders until the early 20th century, following resistance by groups such as the Cuamato, the Kwanyama and the Mbunda. Independence was achieved in 1975 after a protracted liberation war. That same year, Angola descended into an intense civil war that lasted until 2002. It has since become a relatively stable unitary presidential republic.

Latest News for: Angola oil

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Angola: Covid-19 Impact Reduces Oil Activity

All Africa 18 Sep 2020
Luanda -- The reduction in drilling activity, whose financial losses have yet to be quantified, is one of the consequences of the impact of Covid-19 on the oil sector in Angola .......
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Kin search for merchant navy cadet who went missing five days ago

The Times of India 18 Sep 2020
New Delhi. A 20-year-old has been reported from his since Sunday ... Arora was working with Fleet Management Limited (FLEET) and, at the time of the incident, his ship was en route from N’Goma FPSO, Angola, to Ningbo, China. The ship, which was carrying crude oil, had departed N’Goma FPSO on August 27 and was scheduled to reach Ningbo on September 30 ... ....
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DOF Subsea secures African field support contract

Splash24/7 17 Sep 2020
Norway’s DOF Subsea has been awarded an integrated field support vessel (FSV) contract with an international oil company in Angola ... pleased that DOF Subsea is trusted with another contract in Angola....
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India’s African oil imports hit 10-month high in August: Shipping data

Business Line 17 Sep 2020
Spot prices of west African oil versus Brent were down in the most part of July compared with June ... He said in order to raise revenue, Nigeria was supplying more oil in July than it pledged under a production cut agreement between OPEC and its allies, while Angola was scouting for a new market after the Chinese cut purchases....
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IMF approves release of $1 bn for Angola amid COVID-19 downturn

Eye Witness News 17 Sep 2020
Angola has been hard hit by slumping oil prices since the coronavirus pandemic hit, caused by a global slowdown in demand and a price war between major crude producers ... ....
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India's African oil imports hit 10-month high in Aug: shipping data

Live Mint 16 Sep 2020
"Spot prices of west African oil versus Brent were down in the most part of July compared with June ... He said in order to raise revenue, Nigeria was supplying more oil in July than it pledged under a production cut agreement between OPEC and its allies, while Angola was scouting for a new market after the Chinese cut purchases ... to swap diesel for oil....
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Angola Oil and Gas Conference & Exhibition Returns to Luanda

APO 14 Sep 2020
The Angola Oil & Gas Conference & Exhibition will return on 15-16 June, 2021, after its 2020 program was postponed due to COVID-19 restrictions ... The second edition of the Angola Oil & Gas Conference & Exhibition will expand in size, scale and prestige ... Angola Oil & Gas 2019 was opened by H.E....
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OPEC at 60: An oil cartel on life support once brought US economy on knees

Webdunia 14 Sep 2020
When Oil Causes War ... In March, when OPEC+ negotiations to cut output in response to the pandemic collapsed, Saudi Arabia launched a price war against Russia — much to the dismay of weaker OPEC members such as Nigeria and Angola, already bleeding due to low oil prices caused by Riyadh's 2015-16 misadventure. ....
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Global economic rebound slows down as pandemic rages on

Gulf News 12 Sep 2020
Dubai. As early signs of the coronavirus contagion being contained begin to wane, economic data indicates that global recovery is slowing down as many nations continue to battle a raging pandemic ... See more ... Elsewhere, the renewed fall in oil prices is putting pressure on African producers’ finances, pushing Angola a step closer to default ... ....
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Major oil spills with ships

Yahoo Daily News 09 Sep 2020
Oil from the engine room of the 20-year old 'New Diamond' tanker "appears to have leaked out to the sea" following regular bouts of water-dousing by fire-fighting vessels, the navy spokesman said ... 1991 - The oil tanker ABT Summer exploded about 900 miles off the coast of Angola, spilling its entire cargo of 1.9 million barrels at sea....
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Angola seizes AAA assets, hotel chains linked to de Sao Vicente, TV reports

Canada Dot Com 08 Sep 2020
LONDONAngola’s attorney general has seized buildings and hotels ... De São Vicente was a key figure in Angola’s oil industry, heading a group of companies, including AAA Seguros, which sold insurance and reinsurance contracts to state oil company Sonangol....
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Russia's Novak Says OPEC+ May Discuss Underperformers This Month: RIA

Yahoo Daily News 07 Sep 2020
Saudi Arabia, which chairs a ministerial panel that monitors adherence with the oil cuts, has been heading efforts to press laggards such as Iraq, Kazakhstan, Nigeria and Angola to improve compliance with the reductions and compensate for their overproduction in July-September....
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