05 May 2020
Chinese oil imports from Angola fell nearly 19% in the first quarter of the year, while increasing from Russia and Saudi Arabia, the country´s 2 main suppliers. The reduction of Angola´s exports is putting pressure on its trade balance of goods, according to data from the national bank.
15 April 2020
The agreement between the Organization of Petroleum Exporting Countries (OPEC) and non-member countries (OPEC+) means Angola should cut oil production to around 1.1 million barrels per day. And the announcement has not sustained oil prices in the international markets.
01 April 2020
Sociedade Mineira de Catoca has laid off most of its workers and suspended work at its new concessions, as part of measures to prevent the spread of the new coronavirus. For the same reason, the Ministry of Mineral Resources and Oil postponed the selection of the proposal in the international public tender for the construction of an oil refinery in Soyo, Zaire province.