Angola President Emphasizes Oil’s Role in Economy and Energy Transition at Angola Oil & Gas 2025 Conference
Angolan President João Lourenço underscored the importance of oil for the country’s economy and development, stressing that hydrocarbon-producing nations have the right to continue developing their resources despite the global challenges posed by climate change.
Speaking at the 6th Angola Oil & Gas 2025 International Conference in Talatona, Luanda, President Lourenço acknowledged the severity of climate change while emphasizing Angola’s responsibility to leverage its oil and mineral resources for the benefit of its population.
The President highlighted that Angola, Africa’s second-largest oil producer, has relied on oil revenue to fund national development and improve living standards. However, he noted the sector still faces challenges, including limited investment, knowledge transfer, and innovation, particularly as production declines.
He recalled that during his first term in 2017, the government enacted legal reforms to create a business environment conducive to investment, offering contractual stability, legal certainty, predictability, and fair returns.
President Lourenço reaffirmed Angola’s goal to be a competitive hydrocarbon producer contributing to global energy security while supporting the energy transition in Africa and globally.
The government promotes responsible and sustainable fossil fuel exploitation and the growth of renewable energy, particularly solar, wind, and biomass.
Companies operating in Angola have been instructed to reduce greenhouse gas emissions, including minimizing gas flaring, adopting cleaner technologies, protecting flora and fauna, and implementing afforestation or reforestation programs.
The President also highlighted the implementation of local content policies, urging oil companies to provide internship opportunities and first-job access for young Angolans across the entire oil industry value chain.
NJ Ayuk, Executive President of the African Energy Chamber, praised Angola’s reforms, calling on investors to expand their commitments in the country. He emphasized that oil will remain a vital part of Angola’s future.
The conference, held during the 50th anniversary of Angola’s independence, provided a platform to reinforce the country’s commitment to both economic development and sustainable energy growth, balancing the benefits of hydrocarbon resources with global climate priorities.
