AGP Executive Report
Last update: 3 hours agoOffshore Oil: Sonangol and its Block 3/05 partners are moving the Borr Grid rig to Impala-2, targeting first oil in January 2027 at an initial gross rate of about 4,000 barrels a day. The rig will then return to the Pacassa SW sidetrack, with production expected in the first quarter. Port Investment: DP World plans to invest $90 million to expand Luanda’s container terminal, lifting annual capacity from 500,000 to 1.2 million TEU as volumes grow. Marine Services: Singapore’s ASOM secured a $5.84 million Angola FPSO contract for tank works and maintenance during a life-extension campaign. Aviation: TAAG CEO Miguel Carneiro will chair the Airlines Association of Southern Africa, and Angola will host its 2027 assembly. Agriculture: Angola and Venezuela reviewed cooperation on agrifood production, sustainable trade and food security at the World Food Forum. Economic Outlook: The World Bank raised its 2026 growth forecast for Sub-Saharan Africa to 4.3%, with Angola among the countries receiving an upgrade.
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