Tag Archives: Angola

Angola: Angola to Overcome Falling Oil Price Challenge – French President

Luanda — French president François Hollande expressed conviction that Angola will manage to overcome the challenge amid the fall in oil prices at the world market which also impact the Angolan economy. The French Statesman said that there is a tendency of the oil price to increase, given the “important reserves in Angola”. François Hollande […]

Angola: Dos Santos Decorates Palace As Economic Crisis Deepens

analysis By Rafael Marques De Morais As Angola’s economic crisis deepens, the country’s president has given priority to the construction of a war memorial at an estimated cost of US $ 72 million, and a further US $ 73 million going to a phantom category of “non-specific religious affairs and services”. These projects fall under […]

Angola: Crashing Oil Prices, Propaganda and the Angolan Recipe for Disaster

analysis By Rafael Marques De Morais Throughout the Angolan capital, Luanda, strategically located billboards announce a country being happily stewarded through development by the government. “Building a prosperous Angola based on solidarity”, is the boastful slogan across all ads celebrating the government’s achievements in all spheres of life. One such billboard celebrates “more electricity, more […]

Angola: China Avails Loan to Boost Oil Production

Luanda — A U.S 2.0 billion credit will be granted by the China Development Bank to the Angolan Oil Company (Sonangol E.P) to boost its expansion projects in the oil and gas segments. The information is contained in a Sonangol’s press release that reached Angop on Friday. According to the source, the granting of the […]

Angola: U.S. $9 Million Offshore Crude Oil Unloading Unit Inaugurated

Luanda — A floating facility designed to store, produce and unload the crude oil on (FPSO CLOV) in Angolan offshore Block 17 was inaugurated Thursday in Luanda. The project, worth USD 9 million, was inaugurated by the French owned Oil Firm “Total E & P” in partnership with the Oil Ministry and National Society of […]

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