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- Angola explains $27.2 billion of missing funds -IMF
 LISBON (Reuters) - Angola's government has provided information on $27.2 billion of an accounting discrepancy in public funds linked to state-owned oil firm Sonangol but has yet to account for another $4.2 billion, the IMF said in a staff report published on Thursday. The International Monetary Fund first highlighted the discrepancy in Angola's fiscal accounts for 2007-10 in an October 27 report on the country's economic performance. ...
- The mother who never holds back
My mother was born Ida Picarazzi in Strangolagalli, Italy, a town whose name roughly translates as "strangle the rooster," and if you were to meet my mother, you'd think: "Of course that's where she's from." An observer could tell from a low-flying aircraft that my mother comes from what used to be called hearty peasant stock, and when it comes to both the social niceties and interacting with her family, Ida has always had the touch of a blacksmith.
- Angola forex reserves rise to $26.77 bln in March
LISBON (Reuters) - Angola's foreign exchange reserves edged up slightly to $26.77 billion in March from $26.57 billion in February, the central bank said in a statement posted on its website on Monday. Angola, which is Africa's second biggest oil producer after Nigeria, depends on crude exports for over 90 percent of its foreign exchange earnings.
- G4S eyes Africa as resources sector booms
LONDON (Reuters) - G4S is targeting a rising number of opportunities in Africa's buoyant natural resources sector, as the world's largest security company ramps up expansion in emerging markets to drive growth. Africa's growing number of multibillion dollar oil, gas and mining projects in countries such as Angola, Mozambique and Nigeria are at the heart of G4S's plan to expand from its traditional manned security work toward risk assessments on new pipelines and refineries and protecting offshore rigs. ...
- Angola needs longer plans for oil shocks: IMF
LUANDA (Reuters) - Angola's prudent fiscal and monetary policies have helped re-build foreign exchange reserves but the country must develop medium-term economic plans to protect itself from possible oil price drops, the IMF's representative in Luanda said on Friday. Angola is Africa's second-largest oil producer after Nigeria and depends on crude output for 95 percent of its export revenues. It faced a balance of payment crisis after prices fell in 2008 and the country had to deplete its exchange reserves. ...
- Advisory: Indonesia Pertamina Angolan oil deal story withdrawn
Please be advised that a Dec 19, 2011 story reporting that Pertamina has walked away from a possible deal to buy a stake in an offshore Angolan block is wrong. The stake in the block under consideration was incorrect, and the accuracy of the quote attributed to the company spokesman could not be verified. The following story has been withdrawn. STORY_NUMBER: L3E7NJ3XX STORY_DATE: 19/12/2011 STORY_TIME: 1442 GMT There will be no substitute story.
- Angola LNG to start exports June, eyes Europe, Asia
LUANDA (Reuters) - Angola LNG is to start regular exports of liquefied natural gas in late June after shipping tests next month and will target non-U.S. buyers in Europe and Asia where prices are higher, oil minister Jose Botelho de Vasconcelos said on Tuesday. The 5.2 million tonnes per annum Angola LNG project is led by Angola's state-owned oil company, Sonangol, which has a 22.8 percent stake and Chevron, which holds 36.4 percent. Eni, Total and BP each hold a stake of 13.6 percent. ...
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