Angola aims to maintain stability in contracts with external investors for the development of its oil sector while investing in new technologies.
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 yesterday.
Minister Azevedo highlighted that the stability of contracts with companies has been a cornerstone of Angola’s robust oil sector.
He emphasized the importance of continuing this cooperation while adapting to global dynamics and maintaining a good understanding with partners.
“We are committed to maintaining this stability and will do everything possible to preserve it, while also innovating to increase production,” said Azevedo.
Ana Miala, Executive Administrator of the National Agency for Petroleum, Gas, and Biofuels (ANPG), stated that the primary objective of the forum was to consult both current and potential investors.
The goal is to gather suggestions and proposals to make the business environment in Angola’s oil sector more attractive across the entire exploration chain.
