Africa Global Logistics (AGL) officially launched the activities of its subsidiary AGL Lobito Terminal (ALT) on Wednesday, adding vital capacity to Angola’s strategic…
READ MOREAngola’s oil and gas industry and companies
Diamantino Pedro AZEVEDO
MINISTER OF MINERAL RESOURCES, PETROLEUM AND GAS
Angola’s oil and gas industry in figures
Oil reserves7.8 billion barrels
Oil production1.15 million bopd
Gas reserves301 bcm
Annual gas production11.3 bcm
Angola's oil and gas industry: Africa's Rising Giant
Angola’s oil and gas industry has grown significantly, with the country now one of the top oil producers on the African continent. The sector is governed by the National Oil, Gas and Biofuels Agency (ANPG), which handles handing out concessions and regulating policy related to Angola’s upstream activities. The state-owned enterprise Sonangol and its subsidiaries have been the main driver behind the nation’s E&P activities and have ramped up exploration activities to replace the country’s depleting reserves.
The country is developing its refining capacity, which traditionally only represented around 20% of the country’s consumption. The downstream sector is undergoing a massive transformation, with large developments to increase production of oil refined products underway.
The country, which is a member of OPEC, has repeatedly reformed its policies with a focus on attracting foreign investment to unlock its massive energy potential. “To increase efficiency and strengthen the oil activity, we are implementing several measures in such a way as to create conditions and an environment able to capture new investment that seeks to contribute to the increase of reserves and the production of oil and gas, and consequently bring more value to the Angolan State and to its involved partners,” Angolan Minister of Mineral Resources, Petroleum and Gas Diamantino Pedro Azevedo told The Energy Year.
Angola’s oil and gas companies content
Jean Yves Lunot of AGL Angola talks about the company's investments in Lobito’s multipurpose terminal.
READ MOREFrecissimo Sarmento of ChampionX Químicos talks about the company's expansion in Angola.
READ MOREAngola reports
More reportsJoão Teiga of OREYAFRICA talks about the company’s initiatives in the energy sector and Angolan logistics.
READ MORECándido Norberto of FN Lifting talks about Angolanisation and the company's scope in Angolan oil and gas.
READ MOREJacinto Rocha of the National Mineral Resources Agency talks about investment in Angola’s mining sector.
READ MORECorreia Vicente Pongolola of CVP Advogados talks about the company’s role in Angola’s energy sector.
READ MORE-
A new era for the Lobito terminal
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