Last year, the Government collected more than 900 million dollars in taxes with the Angola LNG (Liquefied Natural Gas) project, the Secretary of State for Oil and Gas said this Thursday. José Barroso, who was speaking in parliament during the presentation of the bill authorizing the President of the Republic to legislate on changes to the tax regime for the Angola LNG project, said that the State is concerned with guaranteeing income in the process
Africa’s natural gas resources provide the continent with an opportunity to speed up the energy transition, reduce emissions and deforestation while at the same time addressing energy security Despite having 620 trillion cubic feet of natural gas reserves, Africa’s over reliance on wood-based biomass energy remains high, resulting in an increase in land degradation, deforestation and greenhouse gas emissions, and in over 900 million people across the continent living without access to clean cooking. However,
The board for the international non-profit organization, the Extractive Industries Transparency Initiative (EITI), has approved Angola’s application to become a member of its standards, demonstrating the southern African country’s commitment to the implementation of transparency practices in the extractive sector. With the approval, Angola becomes the 57th member country of the organization and the 28th from Africa. With the fight against corruption serving as the cornerstone of Angolan President, H.E. João Lourenço’s administrative policies since taking office
Angola’s National Agency of Petroleum, Gas and Biofuels (ANPG), along with French oil and gas supermajor, TotalEnergies, and its partners have made a Final Investment Decision (FID) of $850 million for the launch of the CLOV Phase 3 Project in Block 17, offshore Angola. The investment is expected to increase production while reducing operating costs through the standardization of subsea equipment, innovative engineering, and contractual structures. Situated approximately 150km off the Angolan coast in the
As a diverse sector with a large consumer base and offering a complex range of services, Angola’s energy sector is responsible for the manufacture, distribution, and supply of energy to both the southern African country’s domestic population and its businesses. Extensive support is available from the tertiary sector of the economy for Angola’s energy industries via key service companies. These specialize in fields such as logistics; transportation; professional services; telecommunications and media; human resource management;
The United States (U.S.) Government, with support by the U.S. Department of Commerce and the Export-Import Bank of the United States, has facilitated a partnership between the Government of Angola and U.S.-based project development firms, AfricaGlobal Schaffer and Sun Africa, for the mobilization of $2 billion to develop a solar project in the southwestern African nation. The project will include the development of solar mini-grids, home power kits and solar-to-power telecommunications. Announced by U.S. President Joe
