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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BP looks to spin off Iraq operations into standalone company - WSJ

Reuters 11 Jun 2021
Spinning off oil and gas assets ... BP and Eni (ENI.MI) in May entered into talks to merge their oil and gas operations in Angola to form one of Africa's largest energy companies....
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IMF approves $772 million credit for Angola

Urdu Point 10 Jun 2021
"Angola is transitioning to a gradual recovery from the Covid-19 shock amid higher global oil prices, low levels of reported Covid-19 infections and the start of a vaccination campaign," the IMF said....
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OPEC's Compliance With Oil Production Cuts Deal Totaled 125% in May

Urdu Point 10 Jun 2021
... and IR Iran, while production decreased primarily in Nigeria and Angola," OPEC said in its monthly oil market report....
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IMF Executive Board Completes Fifth Review of the Extended Fund Facility Arrangement for Angola, and ...

International Monetary Fund 09 Jun 2021
Angola is transitioning to a gradual recovery from the COVID-19 shock amid higher global oil prices, low levels of reported COVID-19 infections and the start of a vaccination campaign ... Aided by higher oil prices, the authorities are supporting Angola’s recovery by consolidating macroeconomic stability while protecting the most vulnerable....
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Angola: Oil Block Award Deadline Deferred

All Africa 08 Jun 2021
Luanda -- Angola's oil company " Sonangol" announced that it has postponed to 14 June the date to launch the partial award process of its assets in the oil concessions, Angop learnt on Saturday .......
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Orji: NEITI’s Job Incomplete Until It Improves Citizens’ Standards of Living

Algeria Times 07 Jun 2021
Discussions are ongoing and a lot of people are concerned, even the investors themselves know that time is running out because, when we started, neighbouring countries didn’t have oil ... The EITI began as an agitation by the civil society in Angola over how the government of that country was running the oil and gas industry....
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Chad's president visits Angola in a bid to strengthen relations

Ghana Web 03 Jun 2021
... met with Angola's President Joao Lourenco during a visit in Luanda on Wednesday, June 2, 2021. Chad has requested Angola to help it gain its stability even as the government is shaken by the recent insecurity elements....
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Ringgit opens higher against US dollar

Malaysian National News Agency 02 Jun 2021
The Organisation of the Petroleum Exporting Countries (OPEC) on Monday projected that lower oil output in Nigeria, Angola, and Iran in May partly offset major increases from top producers Saudi Arabia and Iraq to result in a lower-than-expected rise in the supply....
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120 year chart shows copper price supercycle only starting

Mining Dot Com 02 Jun 2021
Imagine if these resource nationalism developments in copper were happening in global oil markets; where would crude be trading now?  ... And Congo, Nigeria and Angola combined. . And it’s not as if oil workers in Saudi Arabia are wont to strike or local communities ......
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2nd IMDEC gathers pace as African ports attract $50bn investment

Gulf Daily News 02 Jun 2021
The Gulf of Guinea is a vast and diverse region stretching from Senegal to Angola, covering 6,000 km of coastline. It is an important shipping zone transporting oil and gas, as well as goods to and from central and southern Africa ... “As you’re aware, more than 5.4 million barrels of crude oil is produced from the Gulf of Guinea each year....
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Eni, BP in talks over oil and gas assets in Algeria

Algeria Times 01 Jun 2021
Earlier this month, they announced they were in talks to forge a joint venture to run their combined operations in Angola ... In Algeria, as in Angola, international groups that operate or own stakes in oil and gas fields earn fixed royalties based on the output from fields, in what are known as production sharing agreements (PSAs)....
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The Energy Bulletin Weekly 1 June 2021

Resilience 01 Jun 2021
It’s a big deal for Exxon, but it’s a watershed moment for the oil and gas industry ... Oil ... According to OPEC, oil contributes 50% of Angola’s GDP and accounts for nearly 90% of its exports. Now, Angola is hoping that new oil concessions will attract over $67 billion in investment ... Less ominous than Angola, oil accounts for about 9% of Nigeria’s GDP....
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EXCLUSIVE Eni, BP in talks over oil and gas assets in Algeria

Reuters 31 May 2021
Earlier this month, they announced they were in talks to forge a joint venture to run their combined operations in Angola ... In Algeria, as in Angola, international groups that operate or own stakes in oil and gas fields earn fixed royalties based on the output from fields, in what are known as production sharing agreements (PSAs)....
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