Trafigura, Kamoa-Kakula to Transport via Lobito Atlantic Railway
Trafigura and Kamoa-Kakula have made a long-term commercial commitment to transport minerals along the Lobito Atlantic Railway for a minimum of six years.
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Trafigura and Kamoa-Kakula have made a long-term commercial commitment to transport minerals along the Lobito Atlantic Railway for a minimum of six years.
Angolan national oil company Sonangol announced on Friday that it will sell its 31.78%-stake in Puma Energy to global commodity trader Trafigura in a $600-million transaction. In a tripartite agreement, Puma Energy, a subsidiary of Trafigura, will sell a range of
Total gains 2019 fuel oil import cargoes, as Trafigura loses last major Angola contract.
The upcoming Invest in African Energy forum in Paris seeks to establish new avenues for African energy project finance, with the $2.3-billion Lobito Corridor serving as a potential model.
Emilio Costa, General Manager of Sonangol Integrated Logistics Services, will participate in the Angola Oil & Gas 2023 conference as a speaker.
Investing the southern Africa’s infrastructure sector will bolster production, exports and value addition across the industry.
Afentra has expanded its footprint in Angola with the acquisition of further interests in Block 3/05 and 3/05A.
Angola’s Lobito Municipality has officially transferred the operation, management and maintenance of the Lobito Corridor to the Lobito Atlantic Railway.
In addition to providing Angola with a strategic and lucrative trade and logistics route to regional and international markets through the Lobito Corridor project, Benguela’s agriculture, fishing and salt production sectors are ripe for investments, said Governor.
Afentra expects the completion of its acquisition of Sonangol’s stake in Block 3/05 by July 2023.