Minister Azevedo Invites Investors to Discover Angola’s Resource-Rich Potential

Last week, Angola unveiled 16 prime areas available for mining investments during the “Angolan Mining Business Forum” in Johannesburg, South Africa. The Minister of Mineral Resources, Oil, and Gas, Diamantino Azevedo, invited investors to witness Angola’s vast potential firsthand, emphasizing the country’s extensive natural resources and attractive business environment. “Come to Angola and see for yourself. We have land, high mining potential, robust infrastructure, an investor-friendly legal and tax system, and a skilled, young workforce

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Angola’s Oil Sector Remains a Magnet for Global Investment

As one of Africa’s top oil producers, with an output exceeding 1.1 million barrels per day, Angola continues to solidify its position as a prime investment destination. The country attracts major global players like TotalEnergies, ExxonMobil, Chevron, and Azule Energy, driving new exploration ventures. At the Angola Oil & Gas 2024 conference, Angola’s Minister of Mineral Resources, Oil, and Gas, Diamantino Azevedo, shared insights during a fireside chat, sponsored by Angola Environmental Servicos. Minister Azevedo

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ExxonMobil Invests Over $100 Million in Angola’s Social Projects

Over the past 30 years, American multinational ExxonMobil has invested more than $100 million in social projects across Angola, according to Katrina Fisher, the company’s Country Manager for Angola. In an exclusive interview with Energy Capital & Power during the fifth edition of the Angola Oil & Gas Conference, Fisher highlighted that these investments have primarily supported healthcare initiatives and STEM (Science, Technology, Engineering, and Mathematics) education. “Just this past year, we launched two major

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Sonangol Reinforces Commitment to Sustainable Hydrocarbon Development

Angola’s national oil company, Sonangol, reaffirmed its commitment to sustainable hydrocarbon development during the Angola Oil & Gas (AOG) conference this week. In an “In-Conversation with” session, Sonangol CEO Sebastião Gaspar Martins emphasized that the company will not abandon oil and gas; instead, it aims to advance decarbonized oil and gas development. By investing in upstream oil and gas production while prioritizing low-carbon projects, Sonangol intends to increase national crude output while diversifying and decarbonizing

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Angolan and Zambian Businesspeople Connect at 1st International Business Forum in Luena

Angolan and Zambian businesspeople gathered to exchange experiences at the 1st edition of the International Business Forum, which opened yesterday in Luena at the amphitheater of the Instituto Superior Politécnico do Moxico. During the meeting, participants discussed topics such as “The Lobito Corridor,” “Opportunities for the Development of Moxico,” “The Role of the State in Boosting Tourism in the Angolan Region of the Okavango Zambezi,” “Business Opportunities in the Province of Moxico,” and “The Vision

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Angola Anticipates 2.84% GDP Growth Fueled by Non-Oil Sectors

The Secretary of State for Finance and Treasury, Ottoniel dos Santos, reaffirmed Angola’s economic outlook, predicting a 2.84% growth in Gross Domestic Product (GDP) for the current year. He emphasized the robust performance expected from the non-oil sector, projected at 5.32%, during an address in Luanda at the inaugural Annual Conference “Investor’s Day” organized by BFA Gestão de Activos. Dos Santos underscored that the growth in GDP, driven by sectors such as agriculture, fishing, manufacturing,

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Port of Lobito Showcases New Management Model at Benguela International Fair

The Port of Lobito unveiled its new “Landlord Port” management model, called the Senhorio program, during the 13th edition of the Benguela International Fair (FIB) 2024. This model shifts the port’s role from direct container handling operations to overseeing and regulating maritime and port activities. Implemented in the last quarter of the previous year, the Senhorio program delegates container loading and unloading operations to concessionaires. África Global Logistics (AGL) now manages the Multipurpose Terminal for

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NAMCOR Showcases Namibia’s Petroleum Potential at International Energy Conference

The National Petroleum Corporation of Namibia (NAMCOR) underscored Namibia’s burgeoning petroleum potential during a technical session at the Namibian International Energy Conference held on Tuesday. Namibia boasts four recognized offshore basins and two onshore basins, with over 30 exploration wells drilled thus far. Recent discoveries such as Venus-1 by TotalEnergies and Graff-1X by Shell have affirmed the presence of a viable petroleum system in Namibia’s deepwater regions. Victoria Sibeya, Executive: Upstream Exploration at NAMCOR, emphasized

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OPEC Secretary-General to Deliver Address at Namibia International Energy Conference 2024

Haitham Al Ghais, Secretary General of the Organization of Petroleum Exporting Countries (OPEC), will deliver an address at the Namibian International Energy Conference (NIEC) in Windhoek this April, sharing insight into global oil trends. The Secretary-General will be joined by a delegation from the organization, who will lead technical discussions around the outlook for oil and the potential role Namibia plays in the global market.  Namibia is on track to produce its first oil from

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Angola to Present Lucrative Energy Sector Opportunities at Beijing Conference

Angola will showcase business opportunities at the Mines, Oil, and Gas Conference in Beijing on Saturday, the 16th, coinciding with President João Lourenço’s visit to China. The National Oil and Gas Agency (ANPG) will present oil block offerings and onshore block development infrastructure, while the Petroleum Derivatives Regulatory Institute (IRDP) will discuss downstream investment opportunities. Sonangol, Angola’s public hydrocarbons company, will highlight opportunities in upstream exploration and production, midstream projects like the Lobito refinery, and

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