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China
22 June 2020

Portugal´s EDP To Invest in Renewable Energy Projects in 5 African Countries
Portuguese energy company EDP, which has China State Grid as its main shareholder, ​​will invest 500 thousand euros to support eight renewable energy projects in Mozambique, Kenya, Tanzania, Malawi and Nigeria.
China
17 June 2020

EDP CEO to Face Corruption Charges in Portugal
The Office of the Prosecutor-General of Portugal is moving ahead with corruption charges against António Mexia, the CEO of EDP - Energias de Portugal, which has China Three Gorges as its main shareholder.
Angola
17 June 2020

Sinopec Could Increase Stakes in Angolan Oil Fields in Debt Relief Deal – Verisk Maplecroft
A possible solution for  debt relief negotiations underway between the two countries could lead to an increase of Chinese state oil company´s stakes in Angolan oil fields, according to Verisk Maplecroft.
Angola
16 June 2020

Angola Oil Revenues At 10-Year Low in May
Angola´s oil export revenues fell by almost 74% in May, to only USD 747 million. According to Government data, this was the lowest figure since the beginning of the statistical series, in 2009.
Mozambique
12 June 2020

Eni and Korea Gas Extend “Successful” Cooperation in Mozambique
Italian Energy Group Eni and Korea Gas Corporation signed a Memorandum of Understanding (MoU) to enlarge existing cooperation, after their "successful" joint-venture in LNG development in Mozambique.
Mozambique
09 June 2020

Mozambique LNG Projects Set to “Attract Major Commercial Interest” – EIU
Mozambique´s liquefied natural gas (LNG) sector is set to "attract major commercial interest", according to the Economist Intelligence Unit (EIU).
Angola
07 June 2020

Angola Cuts Oil Shipments to China
Angola is cutting the number of oil cargoes that it will ship to China, as it seeks to renegotiate repayment terms to deal with the crippling impact of the coronavirus. Oil shipments to Chinese state firms are used to pay down debt to Beijing.
China
02 June 2020

Shanghai Electric Joint-venture to Invest EUR 700 million in Solar Power in Portugal, Spain and Italy
Tayan Energy, a joint venture between Shanghai Electric and Eland Private Equity, is launching more than 1 gigawatt (GW) in solar power projects in Spain, Portugal and Italy, worth 700 million euros.
China
27 May 2020

Samsung Heavy Industry Moves Ahead with LNG Platform for Mozambique
Samsung Heavy Industry is moving ahead in South Korea with the construction of a floating platform (FLNG) for the Area 4 joint-venture, led by Eni and which include´s China National Oil and Gas Exploration and Development Company, a subsidiary of CNPC. In spite of the current restrictions due to the Covid-19 pandemic, delivery is still scheduled for 2022.
Angola
27 May 2020

China´s Oil Imports from Angola Continue Recovery
Angola was China's fifth top crude oil supplier in April, customs data showed, with imports rising 23.8% from the same month a year earlier. In the first four months of 2020, Chinese imports from Angola are still negative, despite the recovery.
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