Investment News in Angola

Angola Partners with AFC in New Growth Phase to Boost Value From Commodity Exports
7/27/2022 - Angola, which recently became Africa’s largest oil producer, is seeking to add more value across the commodity exports spectrum by partnering with the Africa Finance Corporation as a shareholder and i...
Eni Announces the Completion of Negotiations to Start up New Gas Consortium in Angola
7/27/2022 - Eni and its Partners in the New Gas Consortium (NGC), Chevron’s affiliate in Angola Cabinda Gulf Oil Company Limited (CABGOC), Sonangol P&P, bp and TotalEnergies, together with Angola’s National Agenc...
ANPG & TotalEnergies Announce Investment of $850Min the 3rd Phase of Block 17
6/10/2022 - The National Oil, Gas and Biofuels Agency (ANPG), TotalEnergies and their Block 17 partners (Equinor, Exxon Mobil, BP and Sonangol P&P) announce the final investment decision of 850 million of US Doll...
ANPG, BP Invest $300,000 in the Protection of Mangroves
5/27/2022 - The National Agency for Oil, Gas and Biofuels (ANPG), National Concessionaire, confirmed this Thursday (26/05), in Luanda, the validation of the financing Memorandum signed between BP Angola on behalf...
Total Reaffirms Commitment to Invest in Angola
11/13/2020 - The President of the Board of Directors (PCA) of the National Petroleum Gas and Biofuels Agency (ANPG), Paulino Jerónimo, flanked by the Executive Directors, Natacha Massano and Belarmino Chitanguelec...
ExxonMobil, Partners to Redevelop Angola Block 15 to Increase Production
6/5/2019 - ExxonMobil and its partners said they will further invest in Block 15 offshore Angola to increase production as part of an agreement with Angola’s recently established National Agency for Petroleum, G...
Sonangol and BP Agree to Advance BP’s Activities in Angola
12/17/2018 - Angola’s Sonangol and BP signed an agreement to progress to final investment decision the development of the Platina field in deepwater Block 18, offshore Angola. They also agreed to extend the produc...
Total Launches Zinia 2 Development in Deep Offshore Block 17
5/28/2018 - Total and its partners have taken the final investment decision to launch the Zinia 2 deep offshore development in Block 17, 150 kilometers offshore Angola. The Zinia 2 project will have a production ...
Angolan Sovereign Wealth Fund to Invest $180m in Deep Sea Port
1/24/2017 - Angola's sovereign wealth fund will invest $180 million in the country's first deep sea water port in Cabinda, the fund's chairman Jose Filomeno dos Santos said. The sovereign fund, known by its Portu...
Sonangol to Spin Off Non-Core Investments
6/9/2016 - Angolan state energy giant Sonangol is spinning off non-core investments in areas such as banking and real estate into a separate fund to allow it to focus exclusively on oil, new CEO Isabel dos Santo...
Angolan Sovereign Fund Plans African Investments
4/13/2015 - The Fundo Soberano de Angola (FSDEA) announced the launch of five dedicated investment funds that will target high growth industries while promoting economic and social development in Angola and the S...
Angola Sovereign Fund Allocates $1.6b to Africa Projects
12/10/2014 - Oil-rich Angola's sovereign wealth fund has set aside $1.6 billion to back infrastructure and hotel projects across sub-Saharan Africa, though falling energy prices could slow future flows of new mone...
GE to Invest $2 Bln to Boost African Energy, Infrastructure
8/4/2014 - General Electric Co pledged to invest $2 billion in Africa by 2018 to boost infrastructure, worker skills and access to energy, an announcement timed to coincide with a U.S. summit meeting of nearly 5...
Brazil Offers Angola $2 Billion Credit for Energy, Construction
6/16/2014 - Brazil has offered Angola a new credit line worth $2 billion for use in the sub-Saharan African country's energy and construction sectors, Angolan Finance Minister Armando Manuel said. Several Brazili...
Chinese Premier's Africa Visit about More than Just Oil Deals
4/30/2014 - Chinese Premier Li Keqiang is to visit four African countries, including oil-rich Angola and Nigeria, but will not be going simply for energy deals as China increasingly aims to boost African living s...
Total Launches the Development of Kaombo Offshore Project
4/14/2014 - Total and its joint venture partners have made the final investment decision to develop the ultra-deep offshore Kaombo project in Angola. With a production capacity of 230,000 barrels per day, Kaombo ...
Petrobras to Establish a JV for E&P Operations in Africa
6/14/2013 - Petroleo Brasileiro S.A. – Petrobras (Petrobras) and Banco BTG Pactual S.A. (BTG Pactual), in compliance with CVM Rule 358/2002, hereby announces that Petrobras International Braspetro B.V. (PIBBV), c...
Angola Launches $5 Billion Sovereign Wealth Fund
10/17/2012 - Angola launched a $5 billion sovereign wealth fund to invest in domestic and overseas assets, funnelling the African country's vast oil wealth into infrastructure, hotels and other high-growth project...
Chevron to Invest $2 Billion in Congo-Angola Oil Field
Chevron to Invest $2 Billion in Congo-Angola Oil Field 7/29/2012 - Chevron Corp plans to invest $2 billion to develop its Lianzi oilfield straddling the maritime border between Republic of Congo and Angola, a company official said. "Production from the Lianzi field w...
BP to Sign Deals to Explore in Angola's Kwanza Basin
BP to Sign Deals to Explore in Angola's Kwanza Basin 12/20/2011 - BP will sign deals with Angola to explore oil and gas in several blocks in the southern African country's Kwanza Basin, Angolan state news agency Angop cited the oil firm's chief executive Bob Dubley ...

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