AGP Executive Report
Last update: 5 hours agoOil & Gas Update: Angola’s ANPG and Sonangol have wrapped up drilling and testing of the Katambi-2 appraisal well in Block 24, confirming a high-quality non-associated gas reservoir and reporting stabilized initial output of 41 MMscfd gas and 1,160 bbl/d condensate, with no water or H₂S, and potential to exceed 100 MMscfd. Regional Trade Facilitation: SADC is pushing to simplify border procedures under its Simplified Trade Regime, aiming to cut costs and ease cross-border commerce for small traders, with implementation discussions held in Lusaka. Energy & Finance: Angola’s cross-border payments push is highlighted as South Africa backs Angola’s quasi system, supporting smoother intra-Africa transactions and integration. Mining & Geopolitics: The US unveiled $3bn in critical-minerals and battery investments, intensifying the rare-earth race that Africa is increasingly pulled into. Infrastructure & Logistics: DRC approved a draft deal to modernise the Dilolo–Sakania railway (about US$1.258bn), linking mining areas to the Lobito Corridor toward Angola’s Atlantic coast.
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