5 articles
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
Angola is addressing a fuel crisis driven by high demand and costly subsidies, per state broadcaster RNA. Shortages continue as Sonangol struggles to finance supply amid global price shocks linked to
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
Azule Energy approved the $5.1 billion Greater PAJ offshore oil project in Angola with partners including Equinor and Sonangol. Estimated reserves total 252 million barrels, with first oil production
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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