NEWS
Angola - October 26, 2016
José Eduardo dos Santos, Angola’s president since 1979, is facing an inquiry by the country’s Supreme Court over the appointment of his daughter as head of state…
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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 - October 14, 2016
The naming ceremony for Eni’s newest floating production, storage and offloading (FPSO) vessel, destined for operations in Block 15/06 offshore Angola, was held in…
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Interview
Gabon - September 28, 2016
TOGY talks to Pedro Martins, Gabon branch director-general at Yinson – Knock Allan, about the company’s experiences operating a floating production, storage and…
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Angola - September 27, 2016
At least four people have died in a helicopter crash offshore Angola, US major Chevron said in statement on Tuesday, with two more presumed dead.
The aircraft, en…
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NEWS
Angola - August 08, 2016
Close to 40 people have been killed in clashes in Angola’s oil-producing Cabinda enclave since the flareup of violence, the Front for the Liberation of the Enclave of…
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NEWS
Angola - August 02, 2016
Houston’s Cobalt International Energy on Tuesday said it would start marketing its 40% stakes in deepwater blocks offshore Angola after Sonangol on Monday reiterated…
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NEWS
Angola - July 20, 2016
The Angola LNG export plant has reportedly been shut down until late-August for final tests, traders said on Wednesday. The facility had recently been restarted after a…
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Angola - June 22, 2016
The discovery of additional gas reserves in the offshore Kwanza Basin have been deemed commercial, Angola’s Sonangol announced on Wednesday.
The Zalophus-1…
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NEWS
Angola - June 21, 2016
Angolan journalist Rafael Marques on Tueday confirmed earlier reports that he had filed three complaints against the newly appointed chair of the board and…
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NEWS
Angola - June 13, 2016
Job statistics from the Angolan Industrial Association released over the weekend revealed losses in the range of 60,000 jobs over the past 12 months, largely due to the…
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