BFA - Angola Weekly

Dear subscriber [name],

Please find attached Angola´s weekly highlights:

• Diamond exports in September were 1.7 million carats at a price of USD 296 – the highest since June 2024; The National Bank of Angola (BNA) made a sale of USD 88.5 million to carry out operations by individuals;

• Azule Energy, a joint venture between ENI and BP, is preparing to sell its stake in blocks 14 (20%) and 14K (10%), located in the Lower Congo Basin, offshore Angola, as reported by Forbes Lusophone Africa magazine;

• The President of the Republic authorized a financing agreement of USD 600 million between the Republic of Angola and GEMCORP in the form of Revolving, with the aim of meeting the needs of the real economy, with the implementation of strategic projects and supply for development;

• Brent ended the week at USD 61.2 per barrel, in response to the oversupply and the progress of peace talks between Russia and Ukraine.

Best regards,
BFA

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