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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ExxonMobil: Africa to Remain Relevant in Oil Exploration in Years to Come

This Day 30 May 2023
The oil major produced 437,100 bpd on the continent in 2022, including from Nigeria, Angola and Equatorial Guinea, according to data from S&P Global Commodity Insights ... The likes of Angola, Tanzania, Mozambique and even Somalia hold great potential, although in Mozambique “security is the first order of business,” he said....
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Nigeria’s Oil Rigs Count Slumps 13.3%, Aligning with Lower Crude Oil Production in April

This Day 30 May 2023
Nigeria’s oil rigs count declined 13.3 per cent in April, in tandem with the country’s crude oil underproduction during the month, according to a THISDAY review of the latest data released by the Organisation of Petroleum Exporting Countries (OPEC) ... In Africa, Algeria had 31 in April, while Angola had nine oil rigs....
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Top 5 Sectors for Foreign Direct Investment (FDI) in Angola

Business Ghana 27 May 2023
With the country’s oil and gas upstream market (https.//apo-opa.info/435RPXt) projected to record a growth of over 1.5% between 2022 and 2027, opportunities for international investors to participate in Angola’s offshore oil and gas technologies sector ......
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SMALL CAP MOVERS: Irish oil and gas firms knocked over by government minister shutting down ...

The Daily Mail 26 May 2023
Corcel added around 8 per cent to 0.32p this week after it struck a deal to buy onshore oil assets in Angola. The firm agreed to buy a 90 per cent stake in Atlas Petroleum Exploration Worldwide, which has interests of between 20 per cent and 35 per cent in a total of seven oil fields in Angola....
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Five Benefits Of Investing In Angola’S Established Oil And Gas (O&G) Industry

MENA FN 26 May 2023
(MENAFN - African Press Organization) Angola started producing oil from the Benfica oilfield in the Cuanza Basin in 1955. Nearly 70 years on, the country has risen to become one of the biggest ... ....
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After inauguration fanfare, immense economic challenges await Nigeria's Tinubu

Reuters 26 May 2023
While Nigeria's debt-to-GDP ratio is a modest 23.2%, compared with 60% in fellow oil producer Angola, experts say the portion of revenue needed to service the debt is alarming ... Increasing tax collection, Smith said, would be key for Tinubu.OIL THEFT, SUBSIDIES ... On top of this, crippling fuel subsidies drain what is left from oil sales....
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Angola records trade surplus of 32.7 bln dollars in 2022

Xinhua 25 May 2023
LUANDA, May 24 (Xinhua) -- Angola reported a positive balance of 14.9 trillion kwanzas, approximately 32.7 billion U.S ... was also Angola's largest importer. According to INE, oil and minerals accounted for almost 95 percent of Angola's exports last year....
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Angola's Isabel dos Santos added to $400 mln London lawsuit over unpaid loans

Reuters 25 May 2023
Dos Santos has faced corruption accusations for years, including allegations by Angola that she and her husband steered $1 billion in state funds to companies in which they held stakes during her father's presidency, including oil giant Sonangol....
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Corcel Acquires 90% Interest in Oil-And-Gas Firm Atlas Petroleum for GBP800,000

Market Watch 24 May 2023
The mining company said that Atlas has working interests in several historically producing oil assets in Kwanza Basin, onshore Angola, including working interests of between 20% and 35% in three onshore blocks....
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Angola's Isabel dos Santos dragged into $400 mln London lawsuit

Reuters 23 May 2023
Dos Santos has faced corruption accusations for years, including allegations by Angola that she and her husband steered $1 billion in state funds to companies in which they held stakes during her father's presidency, including oil giant Sonangol....
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Nigeria’s Dangote opens new 650,000- barrel-per-day refinery

Offshore Technology 22 May 2023
Dangote Industries is opening its new Lagos State oil refinery today on 22 May ... The Dangote refinery is the largest oil refinery in Africa ... While still nominally Africa’s biggest oil producer, infrastructure issues and theft saw Nigeria fall behind Angola multiple times in 2022....
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Nigeria looks to end fuel shortages

Beijing News 22 May 2023
The West African country has built a giant oil refinery to cover domestic demand ... the chronic fuel shortages that have turned Africa's biggest oil producer into a fuel importer ... In April, Nigerian oil production slumped under 1 million bpd, below Angola's output, data showed....
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Nigeria takes step to combat fuel shortages

Russia Today 22 May 2023
The West African country has built a giant oil refinery to cover domestic demand ... Tight Oil.” ... Read more Russia accounts for lion’s share of India’s oil imports – Reuters ... In April, Nigerian oil production slumped under 1 million bpd, below Angola’s output, data showed....

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