Angola’s Diamond Reserves Estimated at 732 Million Carats | 17-09-2024

Your top source of news, tenders and project updates for the Angolan Mining, Oil and Gas industries.

Corcel Completes Key Data Acquisition for Angola’s Block KON-16 Exploration

Exploration company Corcel has completed the data acquisition phase of the Enhanced Full Tensor Gradiometry (eFTG) Survey on Block KON-16, located in Angola’s onshore Kwanza Basin. The collected data, acquired by contractor Metatek Group, will now undergo analysis and interpretation through the end of 2024. This phase is crucial for gaining geological insights to support exploration and development…Read the full article

Angola's Diamond Reserves Estimated at 732 Million Carats, Worth $140 Billion

Angola’s National Diamond Company (Endiama) estimates the country’s diamond reserves at 732 million carats, potentially generating $140 billion for the state at an average price of $200 per carat. Miguel Vemba, Director of Mining Operations at Endiama, emphasized that over 90% of these reserves are in primary deposits. Speaking at the 10th UNESCO African Engineering Week…Read the full article

Oxford Economics Forecasts 4% Growth in Angola's Oil Production for 2024

Consultancy firm Oxford Economics has revised its forecast for Angola’s oil production, projecting the country will pump 1.18 million barrels per day in 2024, a 4% increase from 2023 levels. Angola is the second-largest oil producer in sub-Saharan Africa. “We expect Angola’s oil production to rise by 4%, from 1.13 million barrels per day in 2023 to 1.18 million barrels per day in 2024, with a…Read the full article

Sonangol Set to Begin Interest Payments on 2023-2028 Bonds

Sonangol will begin paying interest on Coupon No. 2 for holders of the “Sonangol 2023-2028” Bonds on Wednesday, September 18, 2024. Initially scheduled for Saturday, September 14, the payment date was adjusted in accordance with business day conventions outlined in the bond prospectus. A total of 6.6 billion kwanzas will be disbursed, subject to withholding of the Capital Investment Tax, based on

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?The Best of the Industry’s News this Week

• South Sudan and Sudan Advance Plans to Resume Oil Exports After Conflict
• NNPC to Begin Fuel Distribution from Dangote Refinery Amid Revised Supply Agreements
• Egypt to Add 3 GW of Solar and Wind Power by 2025 Through Private Investments
• Türkiye Explores Offshore Gas in Egypt, Strengthens Energy Ties
• Nigeria’s Crude Oil Production Rises by 3.4% in August
• EIB and FirstRand Bank Invest €400M in South Africa’s Renewable Energy Projects
• Uganda to Issue New Oil and Gas Exploration Licenses in 2025/2026 to Boost Investment
• US Export-Import Bank Considers Funding Eni’s Offshore LNG Project in Mozambique
• Lucra Recover Another exceptional Diamond at Karowe
• HBS International Invests $65 Million to Boost Egypt’s Natural Gas Production

? Angolan Mining Oil and Gas 2024

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