Angolan President Joao Lourenco dismissed dos Santos in November 2017, shortly after becoming president. Isabel was the daughter of Lourenco’s predecessor, Jose Eduardo dos Santos. Isabel is believed to be in Dubai.
Afreximbank has signed a memorandum of understanding (MoU) with the African Petroleum Producers Organization (APPO), with the dream of creating an energy bank.
Italy has secured a deal to increase gas supplies from Angola, following high level talks between Italian Minister of Foreign Affairs Luigi di Maio and Angolan President João Lourenço.
DP World has been approved to move forward on the port of Luanda, in addition to striking an agreement for a new terminal in Senegal.
Angolan President João Lourenço said his predecessor had overseen the loss of $24 billion, in an interview with the Wall Street Journal.
DOF Subsea has won an integrated field support vessel (FSV) contract from an unnamed IOC in Angola.
The disclosure of a cache of company information has brought further scrutiny to Isabel dos Santos, who is already under investigation in Angola.
Angolan production has continued to decline, falling to 1.284 million barrels per day in November, making the government’s efforts to overhaul its energy sector and attract new investment ever more important.