2024-03-22 14:42:00
(Ecofin Agency) – The Angolan government is stepping up initiatives to stimulate investments to increase its production of black gold. This policy also takes into account the issues surrounding the energy transition.
Angola wants to support investments in its oil sector taking into account the global shift towards renewable energies. This was made known on Thursday March 21 by José Alexandre Barroso, Angolan Secretary of State for Oil and Gas, during a preparatory session of the Angola Oil & Gas conference.
This posture, focused on the balance between exploitation of hydrocarbon resources and promotion of sustainable development, should be at the heart of this annual event scheduled for October 2 to 4.
During this preparation session, Alcides Andrade, the executive director of the National Oil and Gas Agency (ANPG), highlighted Angola’s capacity to adapt to changing conditions in the country. on a global scale, supported by a stable and continuously improving regulatory framework.
The country, after joining the Organization of the Petroleum Exporting Countries (OPEC) in 2007, withdrew in December 2023 amid disagreement over production quotas. Since then, it has stepped up its search for partners to support investments in its oil and gas industry, which has been facing a decline in production for several years.
Abdel-Latif Boureima
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02/27/2024 – Angola: the government expects investments of $71 billion in the oil sector by 2028
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