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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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
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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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Angola - May 06, 2024
Erwin Krueck of All Brokerage Solutions talks about Angola’s prospects as a logistics hub.
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Angola - July 02, 2018
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Angola - June 28, 2018
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Angola - June 27, 2018
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Angola - June 25, 2018
Eni has made a new oil discovery in the Kalimba exploration prospect 150 kilometres offshore Angola, the company announced Monday.
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Angola - June 15, 2018
Eni and Sonangol have signed a USD 220-million co-operation agreement to increase petrol output at the Luanda refinery from 280 tonnes to 1,200 tonnes per day, local…
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Angola - June 08, 2018
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Angola - May 29, 2018
The Angolan government, Sonangol and Total have agreed to strengthen their co-operation up and downstream, the French super-major announced Monday.
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