Angola Weekly

Dear subscriber [name],

Here is this last week’s Angola Weekly.

Highlights:

The Dalia oil field, in Block 17, is expected to go into maintenance for around 35 days on February 20th, removing around 0.11 million barrels per day (mbd) of production in March.
The State issued domestic debt securities last week for the first time in 2023, issuing AOA 10.7Bn at just over 2 year maturity, with a yield of 14.5%, a decrease compared to the last 2-year issue, at 15%, which occurred in 2022.
LUIBOR rates have fallen again in the last two weeks, particularly in the case of the longer 12-month rate, now close to 13%, at a minimum since January 2016.

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BFA

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