Edition:
United Kingdom

Noah Browning

Angola pleads for help to claw back assets lost to corruption

21 Jan 2020

LONDON Angola is seeking other countries' help to recover state funds lost because of corruption, Minister of State for Economic Coordination Manuel Jose Nunes Junior said on Tuesday.

IEA says oil stocks, non-OPEC output to buffer market from shocks

16 Jan 2020

LONDON Surging oil production from non-OPEC countries led by the United States along with abundant global stocks will help the market weather political shocks such as the U.S.-Iran stand-off, the International Energy Agency (IEA) said on Thursday.

RPT-I'm a scapegoat: Angola's Isabel dos Santos decries corruption 'witch hunt'

13 Jan 2020

* Says anti-corruption drive hurts private sector, investment

I'm a scapegoat: Angola's Isabel dos Santos decries corruption 'witch hunt'

10 Jan 2020

LONDON Angolan billionaire and former first daughter Isabel Dos Santos decried a New Year's Eve court order to freeze her vast assets as a "witch hunt" engineered to weaken her father's influence and distract from economic failures.

Angola retrieves more than $5 bln in stolen assets amid crackdown on graft

17 Dec 2019

LONDON, Dec 17 Angola has recovered more than $5 billion stolen from state coffers so far this year, both at home and from abroad, Justice Minister Francisco Queiroz said on Monday, amid a two-year crackdown on corruption.

Oil market to remain oversupplied despite deepening OPEC+ cuts: IEA

12 Dec 2019

LONDON Global oil inventories could rise sharply despite OPEC and its allies deepening their output cuts and slowing U.S. production growth, the International Energy Agency (IEA) said on Thursday.

Angolan ex-president's son on trial in rare corruption case

10 Dec 2019

LONDON The son of Angola's veteran ex-president faced corruption charges before the country's supreme court in a trial which opened on Monday, state news agency ANGOP said, the most high-profile case yet under the government's anti-corruption drive.

UPDATE 1-Angolan ex-president's son on trial in rare corruption case

10 Dec 2019

LONDON, Dec 10 The son of Angola's veteran ex-president faced corruption charges before the country's supreme court in a trial which opened on Monday, state news agency ANGOP said, the most high-profile case yet under the government's anti-corruption drive.

Petrobras seeks swift sale of Braskem, smoother offshore auction process

06 Dec 2019

LONDON The chief executive of Brazilian state-run oil firm Petroleo Brasileiro SA (Petrobras) said on Friday he wants to sell the company's stake in petrochemical company Braskem SA within a year.

UPDATE 1-Angola's Sonangol cancels contract for Cabinda refinery - news agency

05 Dec 2019

LONDON, Dec 5 Angolan oil company Sonangol has terminated a contract with Hong Kong-based consortium United Shine to build the Cabinda Refinery but plans to go ahead with other investors, state news agency ANGOP reported on Thursday.

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