Angola and Oman have signed a landmark agreement and two memoranda of understanding (MoUs) to strengthen collaboration in the energy and mining sectors.
The agreement, finalized during Angolan President João Lourenço’s official visit to Oman on December 19, grants Oman a stake in Angola’s Catoca and Luele diamond mines, two of the country’s significant mining assets.
The first MoU establishes a framework for cooperation in energy development, while the second focuses on exploring strategic financing opportunities between the two nations.
Representing Oman, Abdulsalam bin Mohammed Al Murshidi, Chairman of the Oman Investment Authority, signed the documents.
Angola was represented by Diamantino Pedro Azevedo, Minister of Mineral Resources, Oil and Gas, and Vera Esperança dos Santos, Minister of Finance.
These agreements underscore the growing economic ties between Angola and Oman, paving the way for enhanced resource development and mutual economic growth.
