First Independent Mena Newspaper
The National Petroleum, Gas and Biofuels Agency (ANPG) and Sonangol Exploração e Produção are set to enhance their exploration efforts in the Kwanza Basin’s onshore blocks, by employing specialized services to detect oil and other hydrocarbons. In a press release issued on August 28, the ANPG announced that the project is scheduled to commence in […]
Gemcorp Holdings Ltd. (GHL), Africa Finance Corporation (AFC) and African Export-Import Bank (Afreximbank) have announced the financial close of Cabinda Oil Refinery in Angola with a US$335-million project financing facility. The announcement comes as the project spearheaded by Gemcorp, a UK-based asset management company, to build a refinery in Angola has been well behind schedule, […]
Portugal has ordered a freeze on the bank accounts of the Angolan billionaire businesswoman Isabel dos Santos. Isabel, the daughter of the former Angolan President José Eduardo dos Santos, is currently the subject of a criminal investigation in Angola. The public prosecutor’s office in Lisbon confirmed reports that dozens of personal and corporate […]