Angola is committed to maintaining stability in contracts with external investors while investing in new technologies to enhance the oil sector.
This was announced by the Minister of Mineral Resources, Oil, and Gas, Diamantino Pedro Azevedo, during the opening of the “1st Offshore Exploration Forum in Angola” held in Luanda.
Minister Azevedo emphasized that the strength of Angola’s oil sector lies in the stability of its contracts with companies.
He assured that this cooperation would continue, adapting to global dynamics and fostering strong partnerships.
“We are determined to maintain this stability and will do everything possible to preserve it, while also innovating to boost production,” Azevedo stated.
Ana Miala, Executive Administrator of the National Agency of Petroleum, Gas and Biofuels (ANPG), highlighted that the forum’s primary goal was to engage with current and potential investors.
“The objective is to gather suggestions and proposals to make the business environment in the oil sector’s exploration chain increasingly attractive,” Miala said.
