Angola plans to launch its first offshore oil production in the Kwanza Basin by 2028. The Minister of Mineral Resources, Petroleum, and Gas, Diamantino Azevedo, announced this milestone. The project boasts estimated reserves of 400 million barrels. At the investment decision ceremony for the Kaminho Block 20 project, Azevedo shared details. The development of the […]
Related Posts
Senegal Rises, Angola Falls: A Tale of Two African Nations’ Financial Fates
Senegal’s removal from the Financial Action Task Force’s (FATF) gray list marks a triumph for the West African nation. The country’s efforts to combat money laundering and terrorist financing have paid off. Meanwhile, Angola finds itself newly added to the same list Senegal just left. Senegal’s success story began in 2021 when it was placed […]
Mercosur-Singapore Free Trade Agreement Finalized
The Mercosur bloc, consisting of Argentina, Brazil, Paraguay, and Uruguay, has finalized a key free trade agreement with Singapore. This first-of-its-kind deal between the South American group and a Southeast Asian nation aims to boost trade and investment. The agreement will be announced at the Mercosur summit in Rio de Janeiro on December 7, enhancing […]