Sonangol

Angola
Russia strives to keep a foothold in oil and defence

As its relations with Washington warm, Luanda is trying to cut its longstanding energy and military ties with Moscow.

Angola, DRC
DRC takes small steps to claw back offshore oil resources from Angola

The Congolese government is choosing to compromise with Luanda by signing agreements of limited scope rather than going to court to assert its rights to its offshore oil resources.

Angola
Lebanon's Dar Group wins two major contracts

Despite having no embassy in the country, Lebanon's diaspora is well established in Angola thanks to its long-standing ties with the latter's government.

Angola, Ivory Coast
Sonangol struggles to withdraw from Ivory Coast

The Angolan oil company wants to sell its 20% stake in Société Ivoirienne de Raffinage (SIR). The Ivorian state, SIR's majority shareholder, hopes to buy the shares but negotiations are complex. The matter is being handled directly by President Alassane Ouattara.

Angola
China Sonangol International Holding to exit Block 3/05A

Chinese-Angolan oil company China Sonangol International Holding Limited (CSIHL), which is based in Hong Kong, will shortly leave oil block 3/05A, on Luanda's northern coast.

Angola
Block 20: Petronas and TotalEnergies' honeymoon period continues in offshore

Attracted by the announcement that production will soon begin on Block 20, Petronas has acquired a 40% stake in the asset from French major TotalEnergies.

Angola, Zambia
Zambia eyes up Sonangol's future Lobito refinery

Zambian Energy Minister Peter Kapala and Bradford Machila, adviser to President Hakainde Hichilema, were on a trip to Angola mid-July to study the possibility of Lusaka's participation in Sonangol's refinery project at Lobito.

Angola
Gemcorp strives to get Cabinda refinery back on track

The project spearheaded by Gemcorp to build a refinery in Angola is well behind schedule, but the London-based investment management firm still believes in the project and its team in Luanda.

The New Guard
Burkina Faso, Morocco, Angola, Ethiopia

Every Wednesday, Africa Intelligence spotlights a new generation of movers and shakers in business and politics.

Burkina FasoJoseph Zagré, housing the middle class

MoroccoAhmed "Spins", the other Akhannouch junior

AngolaVera Daves de Sousa, Lourenço's financial ace

EthiopiaBethleem Tilahun Alemu, the entrepreneur keen to rival Nike

Angola
American AEG Fuels settles case with Angolan Air Force out of court

The case filed by Texan AEG Fuels against the Angolan Air Force for $560,000 in unpaid fees was settled outside of court.

Angola
Sheikh Ahmed Dalmook al-Maktoum gives army veterans turned farmers a helping hand

Farming cooperatives run by former soldiers are poised to receive an initial consignment of tractors, which will be assembled in the country thanks to the Emirati investor.