Multinational diamond mining and trading company, De Beers, has signed two investment contracts with the government of Angola to operate in that country. The license, which lasts for thirty-five years,.
Mining in Angola is an activity with great economic potential.The country has one of the largest and most diversified mining resources in Africa. With diamonds being the second leading export.
Angola has been admitted as an observer member of the Forum of Gas Exporting Countries (GECF), during the group’s 20th ministerial meeting held in Port of Spain, Trinidad and Tobago..
Eni has struck a new oil discovery in the Afoxé exploration prospect located in Block 15/06, offshore Angola. The discovery is estimated to contain between 170 and 200 million barrels.
The International Monetary Fund (IMF) has approved $3.7 billion credit to Angola, the agency said. IMF, in a statement, said the three-year credit, under the Extended Fund Facility, was aimed.
The oil sector will soon liberalize, in its entirety, the market for importing petroleum products into the country to oil companies interested in the business. So far, the market opening.
Angola has joined the Gas Exporting Countries Forum (GECF), local media reported Friday. The country was admitted as an observer during the group’s 20th ministerial meeting in Port of Spain,.
Multinational telecoms company Angola Cables has signed a Memorandum of Understanding with Broadband Infraco. Broadband Infraco provides extensive regional long-distance network coverage and SADC connectivity. From a South African connectivity.
Angola and French oil giant Total formally launched a major new offshore oil project Saturday to aid the country’s economy that plunged into crisis following oil price dips in 2014..
The multinational oil company ENI will continue to invest in Angola where it has recorded an increase in production of 50,000 barrels/day in the last 12 months. The company’s CEO,.
