Petrobras signs two new cooperation agreements with Angola’s Sonangol and oil regulator ANPG as part of its return to African oil and gas. • The agreements cover joint studies and research in oil and ...

Luanda/London — Angola is leaving the Organization of the Petroleum Exporting Countries because membership is not serving its interests, oil minister Diamantino Azevedo said Thursday.

Speaking on public television on Thursday, Diamantino Azevedo, minister for mineral resources, petroleum and gas, said Angola, which produces about 1.1 million barrels of oil a day, is leaving ...

It aims to produce more natural gas to counter part of the oil decline. Sign up here. "Our aim is at least to keep this level of production until 2027-2030," said José Barroso, Angola's secretary ...

The announcement was done by Oil minister Diamantino de Azevedo. Apparently Angola and Nigeria clashed with the other cartel members before the latest meeting regarding their oil production quotas.

All these initiatives aim to boost exploration in an effort to replace declining reserves and help maintain or, ideally, increase Angola's oil production. Diamantino Azevedo, Angola's Minister of ...

Angola has announced it is leaving the oil producers' organisation Opec over a dispute on output quotas. It follows last month's decision by the 13-member cartel and 10 allied nations to further ...

Angola is set to export the most oil in almost four years in August, demonstrating why the country decided to leave OPEC. Shipments will jump to 1.23 million barrels a day, loading plans show.