Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.


  • 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,

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