Oil & Gas Contracts: Baker Hughes was selected by Azule Energy to supply subsea production systems for the Greater PAJ ultra-deepwater development offshore Angola, including deepwater horizontal tree systems plus control and intervention equipment, with deliveries starting in 2027 and first oil targeted for 2029. Major Project Build-Out: Saipem also won about a $1bn subsea engineering and construction scope for Greater PAJ, covering pipelines, umbilicals and offshore installation, with fabrication planned at Angola’s Ambriz yard and local workforce involvement. Upstream Investment Momentum: Azule and partners reached FID on the $5.1bn Greater PAJ project, Angola’s first integrated cross-block development, aiming for ~95,000 bpd via a new FPSO and gas export links to the Angola LNG system. Market Pressure on Crude: As Middle East supply accelerates after Hormuz reopening, Angolan crude is reportedly trading at steep discounts—at times nearly $10/bbl below Dated Brent—signaling a fast shift toward oversupplied physical markets. Industrial Policy & Production Finance: Angola’s PRODESI is showing momentum, with credit disbursements up sharply year-on-year in 2026, while the Ministry of Industry highlights the program’s role in expanding productive units and jobs. Agri Modernization: The World Bank-backed AgriConnect “Compact” project was launched in Luanda, targeting 2026–2030 upgrades to agriculture corridors (Lobito and Malanje) with an integrated digital platform linking producers to markets, finance and services. Culture & Creative Economy: Angola’s Ministry of Culture launched an “Angola Artist Directory” platform to archive and showcase artists working in Angola, aiming to improve visibility and professional connections.