Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

ENI and BP announced last week that they signed a non-binding memorandum of understanding to discuss the possibility of combining their upstream activities in Angola;
Sonangol will open a process to sell some of its holdings in Angolan oil blocks on June 11th;
In international markets, the week was marked by a 5% drop in the price of Brent, with the commodity closing the week trading at USD 65;
Angola currently produces about 40% of the food it consumes, according to statements by the Secretary of State for the Economy, Mário Caetano João;
Nonperforming Loans in the Angolan banking sector grew by 2.32pp in March, standing at just over 20%.

Best regards,
BFA

If you wish to cancel your subscription, please click here.

Company Headquarters
Rua Amílcar Cabral, 58, Maianga – Luanda
Telephone: 222 638 900 • Fax: 222 638 911
www.bfa.ao

Speak to us

Available 24 hours a day. If you have questions,
suggestions or complaints, talk to us.

Social Networks

This message (including any attachments) is intended only for the use of the individual or entity to which it is addressed and may contain information that is non-public, proprietary, privileged, confidential, and exempt from disclosure under applicable law or may constitute as attorney work product. If you are not the intended recipient, you are hereby notified that any use, dissemination, distribution, or copying of this communication is strictly prohibited. If you have received this communication in error (i) destroy this message if a hard copy or (ii) delete this message and any attachments if this is an electronic communication. This message and any attachments are the exclusive responsibility of the sender, and BFA cannot be held liable for any eventual consequences that may arise from it.