Angola Earns $8.1 Billion from Oil Exports in Third Quarter Despite Price Declines | 29-10-2024
Angolan Mining Oil & Gas
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Angola Secures $8.1 Billion in Q3 Oil Exports Amid Price Drop
Angola generated approximately $8.1 billion from exporting 102.1 million barrels of oil in the third quarter of this year, the government announced last week. Alexandre Garrett, director of the Planning and Statistics Office of the Ministry of Mineral Resources, Oil, and Gas, reported a 5.42% rise in export volume from the previous quarter and a 2.01% increase compared to the same period in 2023.”…Read the full article
De Beers CEO Highlights Angola's Potential in Diamond Exploration
Al Cook, CEO of De Beers, stated that Angola is the premier destination globally for diamond exploration and a top priority for the South African multinational. During a meeting with President Jo?o Louren?o last Wednesday, Cook revealed that De Beers has identified six promising diamond exploration zones in the country. The identification of these zones stems from aerial studies conducted by…Read the full article
Vice President Calls for Increased Gender Equality in Angola's Oil, Gas, and Mining Sectors
The Vice President of Angola, Esperanca da Costa, emphasized the importance of gender equality in the oil, gas, and minerals sectors during the opening of the “Women in Mining, Oil & Gas” conference. She urged companies operating in these industries to intensify their efforts to enhance women’s participation. In her remarks, da Costa highlighted that estimate from the country’s regulatory agency...Read the full article
Lucapa Achieves Robust Diamond Sales from Lulo Mine Amid Seasonal Challenges
Lucapa Diamond Company has reported the sale of 5,587 carats from the Lulo diamond mine in Angola, where it holds a 40% interest. During the quarter ending September 30, the diamonds were sold at an average price of $3,033 per carat, generating $16.9 million in revenue. Despite a shift in the mining plan due to late seasonal flooding, production at Lulo remained consistent with the same period...Read the full article?
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4 个月Thanks to everyone who worked hard to make sure this project is successful and yes it is best for southern Africa countries ??