Angola has become an attractive investment destination, particularly in the oil and gas infrastructure sector, enticing global and regional players to expand their presence or enter the market. The country has seen foreign capital flow into its market for some time, but recent months have witnessed heightened investment flows driven by advancements in the oil and gas infrastructure sector.
Angola’s attractiveness as an investment destination is expected to further increase due to its attractive fiscal policies. The Angola Oil & Gas (AOG) conference, returning for its fourth edition in 2023 under the theme “Investing in Angola’s Oil and Gas Infrastructure is Investing in the Future,” will showcase the range of infrastructure and associated energy investment opportunities in the Angolan market.
The Angolan government’s agenda to maximize infrastructure rollout in the upstream sector has contributed to boosting investments within the oil and gas industry. This initiative aims to increase oil and gas reserves, production capacity, and take advantage of rising global energy prices. New exploration campaigns in Angola’s eight-block 2021/22 licensing round have also expanded the country’s investment prospects.
In the midstream sector, Angola is seeking to optimize the exploitation of its proven oil resources and natural gas reserves, leading to increased investment opportunities. Efforts are underway to build new facilities, expand existing port, road, and rail transport infrastructure, and scale up oil and gas storage. Examples of ongoing projects include the Barra do Dande Ocean Terminal and the Lobito Corridor, which offer attractive investment opportunities and shape socioeconomic development in Angola.
The downstream sector presents further opportunities for infrastructure growth as Angola aims to position itself as a regional energy hub. Projects such as the Lobito Refinery, Soyo Refinery, and Cabinda Refinery, which aim to expand and modernize refinery capacity, have opened up new prospects in the refining industry and associated markets. Regional neighbors, like Zambia, are also looking to Angola, with plans to develop the Angola-Zambia Oil Pipeline, enhancing investment prospects.
The upcoming AOG 2023 conference and exhibition will bring together Angolan oil and gas policymakers, companies, and investors with global counterparts to discuss and optimize investment opportunities in Angola’s energy industry. The event, organized by Energy Capital & Power in partnership with Angola’s Ministry of Mineral Resources, Oil, and Gas, will feature high-level panel discussions, networking sessions, and deal signings, which are expected to generate new investment in the market.
