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Angola Oil & Gas News. Service for global professionals. Constantly updated news and information about Angola.
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Latest Angola Oil & Gas News

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  • Global oil demand picking up -- study 24 Nov 2009 00:41 GMT
    ... LONDON, Nov. 23 (UPI) -- Global oil demand has at last turned a corner ... crude from member-countries of the Organization of Petroleum Exporting Countries was on the rise, and ... scheduled to meet Dec. 22 in Luanda, Angola, but are not expected to decide whether ...

  • Press Release: IMF Executive Board Approves US$1.4 Billion Stand-By Arrangement with Angola  24 Nov 2009 01:07 GMT
    ... Board Approves US$1.4 Billion Stand-By Arrangement with Angola Press Release No. 09/425 November 23, 2009 ... at medium-term structural issues to foster the non-oil sector growth. The key pillars of the program ... shock because of the sharp drop in oil prices. The global crisis hit the country during ...

  • IMF formally approves US$1.4b for Angola 24 Nov 2009 00:12 GMT
    ... a loan of US$1.4 billion to help Angola cope with the drop in global oil prices and other effects of the global crisis. ... to restore macroeconomic balances and rebuild international reserves," the multilateral lender said in a statement ...

  • Angola secures $1.4 billion stand-by arrangement with IMF 24 Nov 2009 11:32 GMT
    ... Angola secures $1.4 billion stand-by arrangement with IMF ... at medium-term structural issues to foster the non-oil sector growth,” the IMF explained in a statement. ... shock because of the sharp drop in oil prices. The global crisis hit the country during ...

  • IMF approves $1.4 billion loan for Angola 24 Nov 2009 08:00 GMT
    ... approved a $1.4 billion loan arrangement with Angola to help the African country restore macroeconomic ... country restore macroeconomic balances and rebuild international reserves. The 27-month program provides space for 30% ... shock because of the sharp drop in oil prices," the IMF said in a statement late ...

  • Angola: Reserves fall in spite of oil hike 24 Nov 2009 03:10 GMT
    ... Angola: Reserves fall in spite of oil hike Angola's foreign exchange reserves fell for the first ... the previous month, despite a recovery in oil prices, the central bank said yesterday. The drop ...

  • Angola cenbank not worried about drop in reserves 24 Nov 2009 13:35 GMT
    ... LUANDA, Nov 24 (Reuters) - Angola's central bank governor Abraao Gourgel said on ... concerned about a drop in foreign exchange reserves in October, which he said were due ... due to a variation in revenue from oil. 'Oil revenue, which is the main component ...

  • Angola's kwanza slides further against dollar 24 Nov 2009 09:18 GMT
    ... LUANDA, Nov 24 (Reuters) - Angola's kwanza extended its losses against the U.S. ... a toll on the country's foreign exchange reserves, which fell for the first time in ... of its value this year on lower oil revenues and a government decision to loosen the ...

  • Prostitution "journalism": Yes, mainstream media intentionall lies to you. Accept the evidence 24 Nov 2009 07:17 GMT
    ... and US military attacked and destroyed Iranian oil platforms and a commercial airliner. I've also written ... with Iran, 90% of their oil and gas reserves are in the province that borders ... third largest oil producers of Africa are Angola and Gabon; neither belong to OPEC. In ...

  • Luanda hosts seminar on inspection 24 Nov 2009 11:33 GMT
    ... Luanda hosts seminar on inspection of oil sector Luanda - A seminar about Inspection and Control in Angola’s Oil Sector will take place this Monday ... such as “Regulation on Brazil’s oil and gas industry”, to be lectured by the director-general ...

  • HeritageOil to sell Ugandan fields to Italy's Eni 24 Nov 2009 04:35 GMT
    ... LONDON (AP) - British oil exploration company Heritage Oil PLC said Monday it ... cash or an interest in a producing oil field. Eni said the acquisition was part of ... sub-Saharan Africa. It also has interests in Angola, Nigeria, Gabon, Mozambique and the Republic of ...

  • Petrol Subsidy is a Waste of Resources - Obi [interview] 24 Nov 2009 04:32 GMT
    ... is the Managing Director, Techno Oil Limited, a significant player in the downstream ... deregulation in the downstream sub_sector of the petroleum industry. What are the problems actually facing ... industry. As we lose our position to Angola as Africa's largest producer of crude oil, ...

  • BP's Gulf operation gets a new boss 24 Nov 2009 03:41 GMT
    ... an executive who recently headed the British oil giant's business in Russia. James Dupree has been ... BP's deep-water exploration and production business in Angola and then was group vice president for ... point of its global oil and natural gas portfolio. It is the largest leaseholder there, ...

  • Heritage Oil sells Ugandan oil field stakes to Eni 23 Nov 2009 13:33 GMT
    ... Heritage Oil sells Ugandan oil field stakes to Eni The fields on sale ... early 2010. Eni already has interests in Angola, Nigeria, Gabon, Mozambique and the Republic of ...

  • Heritage sells oil field stakes 23 Nov 2009 12:30 GMT
    ... Exploration company Heritage Oil has agreed to sell its stakes in two Ugandan oil fields to Italy's Eni for $1.5bn (£903.2m). Heritage ... early 2010. Eni already has interests in Angola, Nigeria, Gabon, Mozambique and the Republic of ...


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