AGP Executive Report
Last update: 10 hours agoDiamond Industry: Angola is part of the consortium seeking to buy De Beers, and one report says it is negotiating for a 20–30% stake. Cartier owner Richemont and US retailer Signet are also in talks to join the bid, as the industry faces weak demand and competition from lab-grown stones. Angola produced 15.2 million carats worth $1.81 billion in 2025. Oil and Gas: At African Energy Week, Angola urged Woodside Energy to bring its Senegal development experience to the country, citing improved investment conditions. Sonangol is advancing IPO plans, while partners have revised the drilling sequence for offshore Impala-2, with Afentra targeting first oil in January 2027. Project Finance: Angola’s sovereign wealth fund has earmarked capital for project preparation and is prioritising power transmission, while US development finance support is advancing the Longonjo rare-earths project. Industry and Jobs: Energy Week participants called for deals to build local skills, businesses and related industries—not just extract oil and gas. Oil Trade: Angola is among the suppliers sending more crude to India as refiners diversify imports.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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