NEWS
Angola - November 21, 2018
The Ministry of Mineral Resources and Petroleum has announced the complete liberalisation of the commercialisation and distribution of hydrocarbons products, local…
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Back toour markets
Angola’s oil and gas industry and companies
Diamantino Pedro AZEVEDO
MINISTER OF MINERAL RESOURCES, PETROLEUM AND GAS
This new dynamism is the result of the restructuring of the Angolan oil sector.
Read The Full InterviewAngola’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
NEWS
Angola - May 17, 2024
Saipem has been awarded a USD 850-million contract for subsea works in Angola by local BP-Eni joint venture Azule Energy.
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Interview
Angola - May 16, 2024
François Tack of Newrest Angola talks about the company’s portfolio and growth opportunities in oil and gas.
READ MOREAngola reports
More reports
NEWS
Angola - May 15, 2024
ExxonMobil has made a discovery in Block 15 in the Angolan deepwater.
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Interview
Angola - May 13, 2024
Carlos Firme of Fortaleza Seguros talks about the role of the company in the Angolan insurance sector.
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Interview
Angola - May 08, 2024
Thabo Molekoa of Siemens Energy talks about how the company aims to assist Angola’s power sector.
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Interview
Angola - May 06, 2024
Erwin Krueck of All Brokerage Solutions talks about Angola’s prospects as a logistics hub.
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NEWS
Angola - November 20, 2018
The Angolan and Namibian governments have agreed to conduct studies on interconnecting the countries’ electricity systems, local media reported Monday.
Angolan…
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NEWS
Angola - November 16, 2018
Angola has joined the Gas Exporting Countries Forum (GECF), local media reported Friday.
The country was admitted as an observer during the group’s 20th ministerial…
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NEWS
Angola - November 12, 2018
Total will drill 13 new wells on Angola’s Block 17 after approving two new project phases, the super-major announced Saturday.
The CLOV phase 2 project will…
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NEWS
Angola - November 12, 2018
Sonangol has selected the United Shine consortium to build a refinery in Cabinda, the Angolan NOC announced Friday.
United Shine will have a 90% stake in the…
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NEWS
Angola - November 09, 2018
Eni and Sonangol have signed an agreement to expand Block 15/06 by 400 square kilometres, local media reported Thursday.
The agreement will facilitate the Italian…
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NEWS
Angola - November 05, 2018
Angola and Zambia have signed an MoU to construct a USD 5-billion oil pipeline, local media reported Monday.
Zambian Minister of Energy Mathew Nkhuwa said the…
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NEWS
Angola - November 05, 2018
The Kaombo Sul FPSO is set to arrive in Angolan waters in January 2019, local media reported Saturday.
Currently under construction in Singapore, the FPSO will…
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NEWS
Angola - October 30, 2018
Angolan Minister of Mineral Resources and Oil Diamantino Azevedo has said the government is planning a new bid round in 2019, local media reported Monday.
The round…
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NEWS
Multinational - October 18, 2018
The Angolan government has agreed to deliver 20,000 bopd of oil to Brazil as part of a new financing deal, local media reported Wednesday.
The two countries have…
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