Angola's state oil firm Sonangol may increase its stake in Portuguese lender BCP if Fosun exits, while prioritizing expanded oil and gas production and refining capacity. The company also aims to dive
Angola reaffirms plans to end fuel subsidies as costs double to $3.2 billion by 2026, straining public finances amidst global oil prices exceeding $100 per barrel. The move aims to resolve fiscal pres
Sonangol confirmed high-quality reservoirs at Angola's Katambi-2 offshore well, recording initial production of 41 MMscfd gas and 1,160 bpd condensate. The discovery aims to boost national output foll
Angola's state oil company Sonangol secured a $2.65 billion financing deal with foreign banks to fund operations and investments. Ongoing talks with Chinese institutions aim to secure $4.8 billion for
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