R/€ = 16.56 Change: -0.03
R/$ = 14.40 Change: 0.04
Au 1226.26 $/oz Change: 3.94
Pt 831.50 $/oz Change: -2.11


Trafigura loses last big Angolan oil deal as new president shakes up sector

By: Reuters     12th September 2018 Trafigura has lost its last big contract in Angola, once a core market and revenue generator for the trading house, as the country's new president Joao Lourenco part ways with oil firms that worked with his predecessor Jose Eduardo Dos Santos. Trafigura, which declined to comment, lost the rights... 

Angola aims to boost oil output with new block sale agency

By: Reuters     16th August 2018 Angola will launch next year a new agency to handle oil concessions, the government said on Thursday, as President João Lourenço pushes ahead with reforms aimed at boosting production in Africa's second biggest oil industry. The creation of a National Agency of Petroleum and Gas to manage and... 

Zinia 2 deep offshore development, Angola

By: Sheila Barradas     22nd June 2018 Zinia 2 is the first of several possible short-cycle developments in Block 17 off the shore of Angola. 

Total, Sonangol agree to increased activity in Angola

By: Marleny Arnoldi     29th May 2018 During a recent official visit to France by Angola President João Lourenço and a delegation of Angolan businesspersons, petrochemicals giant Total chairperson and CEO Patrick Pouyanné and Angolan petroleum parastatal Sonangol chairperson Carlos Saturnino signed several agreements to cover the... 

Angola oil production declines slightly in 2017, profits rise

By: Reuters     28th February 2018 Oil production for Angola, Africa's No. 2 crude producer, averaged 1.632-million barrels per day in 2017, down from 1.72-million barrels the previous year, the chairman of the state-run oil company Sonangol said on Wednesday. Angola has been grappling with the effects of generally depressed oil... 

Angola opens up fuel imports with first major tender – sources

By: Reuters     24th January 2018 Angolan state oil firm Sonangol has issued its first public tender to buy refined products to widen its import base, market sources who have seen the tender said, in a sign the country is committed to reforming its oil industry. For years OPEC member Angola has largely relied on commodities... 

SA’s not-so-impressive showing in the governance stakes

8th December 2017 South Africa is a force to be reckoned with in Africa. It is one of the continent’s powerhouses – politically and economically – with its gross domestic product (GDP) being the largest, although it had to contend with being second best to Nigeria in the GDP stakes between 2014, when the latter... 

Total, Sonangol sign new project pipeline agreements

By: Schalk Burger     5th December 2017 Oil and gas multinational Total and Angola State-owned oil company Sonangol have signed various agreements to jointly develop new upstream and downstream projects. Total chairperson and CEO Patrick Pouyanné on Monday held an audience with Angolan President João Lourenço and Sonangol chairperson... 

Refiners commit to producing clean fuels 

By: Kim Cloete     15th March 2017 Although Africa’s oil refining industry will need significant investments to adapt to the move by industry and the automotive sector to cleaner fuels, companies say they are committed to the change. “The impact will touch all sides of the industry, starting with refining and marketing. It will... 

Standard Bank and ICBC to raise R10 billion to support SA power generation

4th December 2015 Over the next five years, Standard Bank will assist its strategic partner, the Industrial and Commercial Bank of China to raise R10 billion  to support the development of South Africa's power generation infrastructure, said Standard Bank Group Chief Executive Sim Tshabalala. This follows the... 

Barloworld Power assists with Angola’s first Maritime Training Centre

1st April 2014 Angola’s first Maritime Training Centre, a project funded by the Angolan state company Sonangol and its partners, has been inaugurated near the coastal town of Sumbe, Kwanza Sul province which is approximately 350km’s south of Luanda. The state of the art centre, costing US$90 million, has been... 

Angolan LPG plant sells first cargo

By: Natalie Greve     29th January 2014 Liquified natural gas (LNG) producer Angola LNG on Wednesday announced the sale of the first liquefied petroleum gas (LPG) cargo from its Angola-based $10-billion plant – a facility built to exploit the offshore gas resources of the second-largest oil producing country in sub-Saharan Africa. The... 

Angola govt approves bidding round for onshore oil blocks

By: Reuters     4th April 2013 LISBON - Angola's government on Wednesday approved the guidelines of a plan to hold bidding for licences to explore for oil onshore in the Kwanza and Lower Congo basins, the cabinet office said on Wednesday. The government said in a statement that it has asked parliament to approve the plan.... 

SA will need extra oil refining capacity in future – Sapia

By: Chantelle Kotze     7th September 2012 South Africa will eventually have to build an additional refinery, asserts South African Petroleum Industry Association (Sapia) executive director Avhapfani Tshifularo. 

Industry to diversify beyond sugar production

By: Zandile Mavuso     6th July 2012 Sugarcane crop production in the 2011/12 season recovered somewhat from the effects of the drought experienced in the 2010/11 season, the South African Cane Growers’ Association (Canegrowers) reports 


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