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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Former oil consultants convicted in Britain of Iraq bribery

Middle East Monitor 13 Jul 2020
... former Iraq territory manager, and Stephen Whiteley, a British former manager for Iraq, Kazakhstan, and Angola, guilty of plotting to make corrupt payments to secure oil contracts between 2005 and 2010....
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Former Unaoil managers convicted in Britain of Iraq bribery

Arab News 13 Jul 2020
A London jury found British-Lebanese Ziad Akle, Unaoil’s former Iraq territory manager, and Stephen Whiteley, a British former manager for Iraq, Kazakhstan and Angola, guilty of plotting to make corrupt payments to secure oil contracts between 2005 and 2010....
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Oil Heads for Weekly Drop as Virus Threatens Recovery Prospects

Canada Dot Com 10 Jul 2020
(Bloomberg) — Oil in New York is heading for a weekly decline as surging coronavirus cases raised fresh concerns about demand, while the market is continuing to grapple with ample supply ... OPEC+ Gets Cheats in Line as Angola Makes New Oil-Cut Pledge ... oil demand recovery flattening for a while.”....
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Oil Stuck in Tight Trading Range Set for Weekly Drop on Virus

Canada Dot Com 10 Jul 2020
(Bloomberg) — Oil in New York is heading for a weekly decline as surging coronavirus cases raised fresh concerns about demand, while the market is continuing to grapple with ample supply ... OPEC+ Gets Cheats in Line as Angola Makes New Oil-Cut Pledge ... oil demand recovery flattening for a while.”....
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Why Nigeria is yet to fully comply with OPEC+ production cut

Business Day Online 09 Jul 2020
This is as Nigeria did a little better at 77 percent, and Angola even better at 83 percent ... The Wall Street Journal reported last week that Saudi Energy Minister Abdulaziz bin Saud had threatened Nigeria, Angola, and Iraq with another oil price war if they didn’t get in line with the production cuts, according to OPEC delegates....
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Pandemic could push 49 million Africans into poverty - AfDB

Graphic 08 Jul 2020
Africa's big economies like South Africa and oil exporters like Nigeria, Angola and Algeria have been badly hit by the virus. Lockdowns enforced in different countries have crippled economies and left many jobless ... .......
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COVID-19 recovery strategy: An African new green deal could be the bedrock

Graphic 08 Jul 2020
Role of Africa’s international partners ... Green initiatives ... Across the continent, there is a massive dependence on imported fossil fuels as well as exports of domestic crude oil and gas in some countries. Nigeria, Angola and the Maghreb nations’ economies in particular continue to rely on oil, with limited plans for reducing this dependency ... .......
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Opec pressures Angola to comply with oil supply-cut agreement

Business Day 07 Jul 2020
Dubai/LondonAngola has agreed with oil cartel Opec to comply fully with a global pact on supply curbs and will compensate for previous overproduction by cutting more from July to September, two Opec sources said ... Angola’s ministry of mineral resources and petroleum, and state ......
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Angola agrees to comply fully with oil cuts after OPEC pressure, sources say

Canada Dot Com 07 Jul 2020
The JMMC, which is chaired by Saudi Arabia and monitors adherence with the oil curbs, has been pressing Angola and other laggards in the pact, such as Iraq, Kazakhstan, Nigeria and Gabon, to commit to improved compliance. Angola’s Ministry of Mineral Resources and Petroleum ......
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Four ways to protect Nigeria’s economy from unstable oil prices – NEITI

Business Day Online 07 Jul 2020
Oil savings ... The transparency watch dog further advised Nigeria to abolish the Oil Price-based Fiscal Rule (OPFR) where revenue in excess of oil price benchmark is saved and replace it with mandatory saving of a percentage of daily oil production like Angola does, saving proceeds from 10percent of its daily production ... Reduce oil dependence....
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Africa to rebound from pandemic slump in 2021 but damage done - AfDB

Canada Dot Com 07 Jul 2020
Its hardest-hit nation, South Africa, has recorded around 200,000 cases of COVID-19 and just over 3,100 deaths. African economies, however, have not been immune to the pandemic’s global shockwaves, with oil exporters such as Algeria, Angola, Libya and Nigeria on track to witness the continent’s sharpest declines in economic output....
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Dominion Energy Sells Gas Assets To Warren Buffet's Berkshire, Kills Atlantic Coast Pipeline

Yahoo Daily News 06 Jul 2020
Billionaire investor Warren Buffet's Berkshire Hathaway Inc. (NYSE. BRK-A) (NYSE. BRK-B) is buying Dominion Energy Inc.'s (NYSE. D) natural gas assets, the two companies announced Sunday. Berkshire Acquisition ... Dominion Kills Atlantic Coast Pipeline Project ... (NYSE ... Saudi Arabia Threatens Another Oil Price War, As Nigeria, Angola Refuse OPEC+ Oil Cuts ... ....
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