EU and Angola Ink First-of-Its-Kind Investment Deal, Focusing on Green Transition

The European Union has signed a groundbreaking Sustainable Investment Facilitation Agreement (SIFA) with Angola, aiming to attract EU investment in green energy, agriculture, and essential minerals while encouraging Angola to diversify its economy beyond oil. This deal is part of a larger effort by the EU to secure critical resources for its green transition and foster sustainable development in Africa.

China Unveils Petrochemical Sector Outlook and Decarbonization Strategies at Press Conference

At a press conference in Beijing, China Petroleum & Chemical Corporation (Sinopec) announced plans for the petrochemical sector, highlighting decarbonization efforts and a green, low-carbon transition. The conference featured speeches from Xie Qinsheng, Minister Counsellor for Economic and Commercial Affairs, Embassy of Saudi Arabia in China, and experts from CRIK and Wood Mackenzie Ltd.

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