NEWS
Angola - August 01, 2018
Isabel dos Santos, the daughter of former Angolan President José Eduardo dos Santos and ex-head of Sonangol, failed to appear after a summons from state prosecutors,…
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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
Interview
Angola - April 15, 2024
Frecissimo Sarmento of ChampionX Químicos talks about the company's expansion in Angola.
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Interview
Angola - April 10, 2024
João Teiga of OREYAFRICA talks about the company’s initiatives in the energy sector and Angolan logistics.
READ MOREAngola reports
More reports
Interview
Angola - April 08, 2024
Cándido Norberto of FN Lifting talks about Angolanisation and the company's scope in Angolan oil and gas.
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Interview
Angola - April 03, 2024
Jacinto Rocha of the National Mineral Resources Agency talks about investment in Angola’s mining sector.
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Interview
Angola - April 01, 2024
Correia Vicente Pongolola of CVP Advogados talks about the company’s role in Angola’s energy sector.
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NEWS
Multinational - March 27, 2024
The Africa Energy Bank, a fund created to address gaps in oil and gas project finance in Africa, is on track to begin operations…
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NEWS
Angola - July 30, 2018
The deep offshore Kaombo project has successfully begun production, Total announced on Friday.
The 115,000-bopd Kaombo Norte FPSO has been brought on stream, and…
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NEWS
Angola - July 25, 2018
The government of Angola has announced plans to double the country’s installed power capacity by 2022, local media reported Tuesday.
As part of the 2018-2022…
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NEWS
Angola - July 24, 2018
Angolan NOC Sonangol is planning to sell off assets to refocus on its core activity, local media reported Monday.
The statement came in response to reports the NOC…
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NEWS
Angola - July 24, 2018
Angolan NOC Sonangol has extended the deadline for bids on blocks 20/11 and 21/09, local media reported Monday.
“The deadline for the delivery of binding bids for…
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Interview
Angola - July 20, 2018
Fernando Vilhena e Mascarenhas, the management and risk consulting partner of KPMG Angola, talks to TOGY about the state and outlook of the Angolan economy, the new…
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NEWS
Angola - July 13, 2018
The Swiss Office of the Attorney General (OAG) has unblocked about USD 60 million of funds seized in an investigation into money laundering at Angola’s sovereign…
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Interview
Trinidad and Tobago - July 12, 2018
Kevin Ramnarine, Trinidad and Tobago’s former minister of energy and energy industries, talks to TOGY about policy changes that have led to a more attractive and…
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NEWS
Angola - July 02, 2018
Total E&P Angola has awarded TechnipFMC an EPC contract for the Zinia Phase 2 project, the company announced Monday.
The contract includes nine subsea tree units as…
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NEWS
Angola - June 28, 2018
Subsea7 has won an EPIC contract for Total’s Zinia Phase 2 project, the company announced Thursday.
The work will include the tie-back development of two…
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