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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Eni and Sonangol lay foundation stone for solar plant in Namibe province

Upstream Online 23 May 2022
Dedicated to growing the renewables business in Angola, the Solenova joint ......
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Latest report points to opportunities for sector and growth in Africa

Business Ghana 23 May 2022
Africa’s oil-rich nations’ such as Nigeria, Angola, and more recently Namibia, who have traditionally focussed on the extraction, production, and supply of crude oil products, are now considering the diversification of their product portfolios as part of their future-proofing efforts....
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Africa’s domestic mining sector not severely impacted by sanctions against Russia – report

Mining Dot Com 22 May 2022
“The disruption to commodity markets will benefit African oil and gas producers—Nigeria, Angola, Gabon, Libya, Algeria, Egypt, Congo (Brazzaville), Ghana, Equatorial Guinea and Chad—which will receive a major financial windfall and increased investment....
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BOL finalises preps for P30bn coal-to-fuel project

Mmegi Online 20 May 2022
State-owned petroleum utility, Botswana Oil, has finalised studies towards the eagerly awaited $2.5 billion (P30 billion) coal to liquids plant and is due to launch a fresh hunt for private sector partners by mid-year, BusinessWeek has learnt ... There are some developments in Angola ......
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Angola's marginal oil fields estimated with 4 billion barrels reserves

Xinhua 17 May 2022
Angola's oil production reached its peak in 2008, when it produced 1.9 million barrels of oil per day, while the current output was estimated at 1.2 million barrels per day, he said ... Angola's marginal oil fields estimated with 4 billion barrels reserves....
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Experts discuss effects of Russia-Ukraine crisis on Africa

New Business Ethiopia 16 May 2022
Angola Minister of Economy and Planning, Mario Augusto Caetano Joao, informed the meeting ...Ten years ago, Angola’s oil dependence was 43% and now oil dependency is only 20% showing that the investments are bearing fruit and the country’s economy has stabilized despite the crisis”....
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At CoM2022, experts address effects of Russia-Ukraine crisis on Africa

The Patriotic Vanguard 16 May 2022
Angola Minister of Economy and Planning, Mario Augusto Caetano Joao, informed the meeting ...Ten years ago, Angola's oil dependence was 43% and now oil dependency is only 20% showing that the investments are bearing fruit and the country's economy has stabilized despite the crisis”....
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How far can you drive on R800 worth of fuel? In Libya – to Cape ...

Mail Guardian South Africa 16 May 2022
According to the Global Fuel Index, oil-rich Libya is the country with the world’s second-cheapest fuel ... Other major oil-producing countries like Algeria, Angola and Nigeria top the list of African jurisdictions where drivers can travel longer distances, thanks to cheaper fuel....
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Angola changes legislation to increase oil output

Xinhua 12 May 2022
LUANDA, May 12 (Xinhua) -- Angola said it has changed the legislation to restart the bidding of new blocks, increase oil output and stabilize its hydrocarbon production, the country's Minister of Mineral Resources, Petroleum and Gas Diamantino Azevedo said Thursday ... Angola changes ......
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Angola aims to fulfil OPEC+ commitments amid dwindling oil output

Hellenic Shipping News Worldwide 12 May 2022
Angola’s crude oil production is forecast at an average of ......
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Angola's first IPO to spur wave of listings, stock-exchange CEO

Reuters 10 May 2022
LUANDA, May 10 (Reuters) - Next month's debut initial public offering (IPO) on Angola's BODIVA stock exchange is expected to unlock a wave of new listings, its chief executive said, as the Southern African oil producer forges ahead with a far-reaching privatisation drive....
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The Energy Bulletin Weekly 9 May 2022

Resilience 10 May 2022
Oil ends at near 3-week high as market supply worries resume. OPEC+ set to stick to modest oil output rises amid price rally ... New EU sanctions to hit Russian oil, target more banks ... EU import ban could knock another 10% off Russia’s oil output ... Nigeria and Angola responsible for almost half of OPEC+ oil supply gap....

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