Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

The governments of Angola and Zambia signed last Thursday a memorandum of understanding for the implementation of an oil pipeline between the city of Lobito (Angola) and Lusaka (Zambia);
OPEC+ made adjustments to the production schedule of its members last week, stipulating a daily production of 37.3 million barrels per day (mbd) for the entire group for the month of May, 37.7 mbd in June and 38.1 mbd in July;
The Agência Nacional de Petróleo, Gás e Biocombustíveis launched last Friday the public tender for the bidding of 9 oil blocks located in the Lower Congo and Kwanza Basins;
Last week, Endiama and Gemcorp signed a financing contract to start the "kimberlito Luele" mining project in the Luaxe concession;
Also last week, the President of the Republic authorized on April 23rd the special issue of Treasury Bonds in Foreign Currency in the amount of USD 522 million in order to ensure repayment of the REPO II Agreement.

Best regards,
BFA

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