Sep. 29 MetalBiz--Minister of Angola Mineral Resource Department unveiled that the government will invest US$1billion to restart the iron mine in Kaxinga region. He said that...
SEOUL, Aug 5 - Angola expects to produce 2 million barrels per day (bpd) of oil next year, up from its current output at 1.93 million bpd, a senior official from the Ministry of Petroleum...
LUANDA, Nov 20 - Angola is preparing to launch a sovereign wealth fund to invest the oil-rich nation's wealth abroad and protect it from the global financial crisis, according to a presidential statement issued on...
By Henrique Almeida LOBITO, Angola, Aug 28 - On a recent Friday night, men in SUVs and others on mopeds line up outside one of the few gas stations in Angola's port city of...
LOBITO, Angola, Aug 28 - On a recent Friday night, men in SUVs and others on mopeds line up outside one of the few gas stations in Angola's port city of...
LUANDA, Oct 19 - Angola's sizzling property market has sailed through the global financial crisis and is expected to continue to thrive in coming years, executives and analysts say. Property values, particularly in the capital...
* Chinese fund to invest in Angola's first car plant. * Vehicles powered by Nissan engines. * Angola wants to diversify its economy. LUANDA, July 29 - Angola plans to begin producing cars next month...
* Angolan oil exports highest in Africa in June - survey * Militant attacks taking toll on Nigerian oil output * Potential for much higher Angolan output, geologists say LONDON, July 22 - Angola has...
CNOOC Ltd<0883><CEO>, a subsidiary of China National Offshore Oil Corp, and Sinopec International Petroleum Exploration and Production Corp, a subsidiary of Sinopec Group, on Jul. 17 announced that they have formed a 50:50 joint venture to purchase a 20% stake in Block 32, an offshore oil asset of Angola, for...
Edited Press Release LONDON --Lonrho, the conglomerate with a structured portfolio of African investments, said Friday that e-Kwikbuild, its 55.6% owned subsidiary, has been awarded two contracts in Angola for its prefabricated buildings. Subsequent t...