LUANDA, June 16 (Reuters) - Angola's state oil company Sonangol has secured a $2.65 billion financing deal with a syndicate ...

Last month, OPEC, a group of oil exporting developing nations, lowered the cap on Angola’s oil production. Now, the country says it will leave OPEC. Oil production in Angola has been falling for ...

Angola is one of Africa’s richest countries in natural resources — yet millions of its citizens remain desperately poor. Oil ...

Across Africa, local content has long been treated as a compliance requirement, added onto projects rather than built into ...

This month, Angola reduced the number of oil cargoes being sent to China to pay its debts, and also said that it has sought debt relief from the G20. Oil-backed loans account for roughly two-fifths of ...

Angola is increasingly focusing on natural gas development and exports as its oil production is expected to decline despite recent new oil project startups. A recent major natural gas discovery ...

Angola’s private investment program PROPRIV is helping to diversify the economy, creating new opportunities for its young and ...

LONDON (AP) — Angola announced Thursday that it's leaving the OPEC oil producers cartel, coming after it battled with the group over lower production quotas this year. Diamantino de Azevedo, the ...

It is quite rare for African national oil companies (NOCs) to liberalize, especially in countries that are heavily dependent on oil revenues. Yet Angola, whose stability was sent reeling by the oil ...

It’s “not economically viable” for Angola to export crude oil and then import refined products, says Bostandjiev. “It creates a hard currency drain.” The project will also generate taxes for public ...

Officials have been unhappy after the oil cartel, led by Saudi Arabia, pushed Angola and other countries to accept lower production ceilings. By Stanley Reed Reporting from London In a sign of ...

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