Industry
Highlights
Nigerian oil company Oando enters Angola with exploration of block KON13
Nigerian oil company Oando has won the tender for the exploration of block KON 13, in Angola, with a potential of up to 1.1 billion barrels of oil, the company announced, thus beginning operations in Angola.
“Government remains committed to the gradual elimination of fuel subsidies”, says Lima Massano
The Minister of State for Economic Coordination, José de Lima Massano, reiterated the government's commitment to gradually eliminate fuel subsidies, although it does not intend to do so completely this year.
Oil exports generated 31.4 billion dollars for Angola in 2024
Angola raised 31.4 billion dollars in 2024 from the export of 393.4 million barrels of crude oil, sold at an average price of 79.7 dollars, the government said on Thursday.
