As Angola works in attracting foreign investors from the Americas, Europe, the Middle East and Asia, its closest African neighbours are also entering the race to tap into vast investment opportunities in Africa’s second-biggest oil producing market
Downstream
Algeria’s delays in new hydrocarbons law threatens long-term gas exports
Algeria is seeking to increase gas exports to Asian markets, but with domestic demand rising and new projects stalled, significant new supplies will be needed in the medium term to achieve this goal, says GlobalData, a data and analytics company
KBR wins BED and FEED for Sonatrach/Cepsa JV project in Algeria
KBR announced that it has been awarded a contract by Sonatrach and Cepsa to provide basic engineering design (BED) and front end engineering design (FEED) for the Rhoude el Krouf Field (RKF) redevelopment in Algeria
UAE determined to ensure uninterrupted global oil supplies
Sheik Mohamed bin Zayed Al Nahyan, crown prince of Abu Dhabi and deputy supreme commander of the UAE Armed Forces, reaffirmed the determination of the UAE to ensure uninterrupted global supplies of oil
US firms focus on Angola’s oil sector as energy investments pick up
Angola has emerged as the hub of foreign direct investment in Africa, and the prospects for attracting more FDI this year are bright, particularly in the country’s oil and gas sector, according to the African Energy Chamber (AEC)
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