12 °c
London
Wednesday, February 8, 2023
No Result
View All Result
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Africa

ENI: More oil pending from Angola

FurtherAfrica by FurtherAfrica
October 16, 2016
in Africa, Angola, Economy, Energy, Natural Resources, Oil, Trade
Reading Time: 1 min read
2k 130
0
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail

Italian energy company Eni said it was one step closer to its goal of pulling more oil from Angola with the pending launch of an offshore production facility.

Eni said it held a naming ceremony in Singapore for a floating production, storage and offloading vessel for the Armada Olombendo. The company said the vessel will soon be ready to sail for its intended position off the coast of Angola.

“Eni and its partners reached a key milestone towards achieving the first oil from East Hub development project, which is planned by the first half of 2017,” the company said in a statement.

Angola is a member of the Organization of Petroleum Exporting Countries. OPEC said Angola has proven crude oil reserves of 9 billion barrels and 9.7 trillion cubic feet of natural gas.

Since entering Angolan waters in 2006, Eni said it’s discovered more than 3 billion barrels of oil in place. The Italian company said its East Hub development calls for five offshore production wells.

Angola reported to OPEC that it’s crude oil production for September averaged 1.6 million barrels per day, about 4.6 percent less than the average during the second quarter of the year.

A report from the International Crisis Group found oil reserves in and around border regions in Central Africa could rekindle simmering resentments in the post-colonial era. The lack of clearly defined borders, notably in the Great Lakes region of Africa, poses significant risks to regional stability, the ICG found.

Eni said its hydrocarbons produced from offshore Angola would largely be slated for exports.

Source: UPI

Related

Tags: AngolaENIOffshoreoilOPECSonangoalアンゴラ安哥拉
ScanSendShare869Tweet543Share152Pin195Send
FurtherAfrica

FurtherAfrica

Founded in 2015 FurtherAfrica is an online platform centralising news and content focusing on the development and growth story of the African continent.

Related Posts

Grey List – Mozambique Criminal Investigation Services to hold workshops
Governance

Grey List – Mozambique Criminal Investigation Services to hold workshops

by Rafael Carvalho
February 8, 2023
Mining

South Africa Thungela says emerging markets will want coal for decades

by FurtherAfrica
February 8, 2023
Banking

Rand Merchant Bank to stablish New York presence facilitating business flows into Africa

by Fabio Scala
February 8, 2023
Aviation

Ethiopian opens new aviation training center

by FurtherAfrica
February 8, 2023
Development

Mozambique to invest in electric bus assembly line

by Club of Mozambique
February 8, 2023
Platform Africa 2023
 
Mozambique eVisa
 
MozParks
 

Translate this page

Read the Latest

Grey List – Mozambique Criminal Investigation Services to hold workshops
Governance

Grey List – Mozambique Criminal Investigation Services to hold workshops

by Rafael Carvalho
February 8, 2023
0

The Mozambican National Criminal Investigation Service - SERNIC met yesterday to refine its strategy for implementing actions responding to the...

Read more

South Africa Thungela says emerging markets will want coal for decades

February 8, 2023

Rand Merchant Bank to stablish New York presence facilitating business flows into Africa

February 8, 2023

Ethiopian opens new aviation training center

February 8, 2023

Mozambique to invest in electric bus assembly line

February 8, 2023

FurtherAfrica Partners Network

The Exchange Club of Mozambique Taarifa Rwanda
TechGist Africa Africa Oil & Power Farmers Review Africa
Tanzania Invest Zambia Invest See Africa Today
Africa Global Funds Novafrica CrudeMix Africa
Harambee Africa Botswana unplugged Financial Insights Zambia
O Económico Digilogic Africa Web3Africa

Subscribe to FurtherAfrica

Enter your email address to receive new articles on your email.

Join 100,723 other subscribers.
FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

© 2021 FurtherMarkets

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?