Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.


• In January, oil exports grew 2.15% yoy, averaging 1.21 million barrels per day (mbd), following almost 5 quarters of year-on-year decline.
• Data independently collected by OPEC points to lower production at 1.16mbd, down 0.52% from January 2021.
• Last Friday, the Italian oil company Eni announced the start of production from the development of the Ndungu project EP, in Block 15/06.
• In 2021, banks purchased foreign exchange totaling USD 7.9bn from the oil, diamond, Treasury and BNA sectors.
• The public funds restructuring program (PRFP) came into force last Tuesday.
• Last Friday, a public tender was opened for the sale of 6 industrial units in the Luanda-Bengo Special Economic Zone (ZEE).


Best regards,

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