AGP Executive Report
Last update: 35 minutes agoOffshore Deal: QatarEnergy, with Shell and Sonangol E&P, signed with ANPG to take 30% in Angola Blocks 8 and 22 (Shell 50%, Sonangol 20%), adding to Luanda’s push to pull in new upstream capital. Downstream & Logistics: Angola’s Barra do Dande Ocean Terminal (TOBD) is positioned as a key fuel-security and regional logistics asset, with initial storage of about 582,000 m³ and growing interest from Qatar as energy ties deepen. Oil Investment Momentum: TotalEnergies says its Acacia-5 discovery in Block 17 is now producing, while it also plans further Angola exploration and a broader $10bn investment push with partners. Telecom Finance: The US EXIM approved a $99.6m loan to Africell to buy American and allied network equipment for Angola (and beyond), part of Washington’s push to reduce reliance on Huawei. Competition Watch: Angola’s competition authority fined the customs clearing body CDOA 7.245m kwanzas for minimum fee pricing that restricted competition, ordering the table’s immediate revocation. Energy Infrastructure: UK Export Finance backed £655m for four Angola infrastructure projects, including transport and power, as borrowing costs surge at home. Business Spotlight: Luanda hosted LeBron James and Will Smith, with meetings touching tourism and Angola’s sports and business ecosystem.
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