Tuesday’s opening ceremony of the Angola Oil & Gas (AOG) 2022 Conference & Exhibition saw the launch of the Special Report on the Oil Sector from Angola’s Ministry of Mineral Resources, Petroleum, and Gas (MIREMPET).
The publication, a MIREMPET initiative based on the Presidential Decree creating the Inter-Ministerial Commission for the Readjustment of the Oil Sector (CIAROSP), provides a thorough analysis of the effects of Angola’s extensive energy sector reforms to date as well as future growth targets through 2030.
Due in part to extensive policy reforms started in 2018, starting with the Regeneration Program of the national oil company Sonangol and the establishment of the National Agency for Oil, Gas, and Biofuels (ANPG) as an independent concessionaire, Angola has risen to become Africa’s largest crude oil producer since last June. The 90-page, bilingual publication emphasizes the value of a robust regulatory environment and a stable business climate in elevating Angola to the top of the list of investment destinations.
“This report reflects not only the work of the sector, but also records a living witness of each of the stakeholders and covers the work since the establishment of the ANPG, the operationalization of the Regulatory Institute of Petroleum Derivatives (IRDP), the restructuring of Sonangol, and the work and support from the oil companies of Angola. We would like to emphasize their support and work,” stated Kátia Epalanga, Executive Director of the Office of MIREMPET.
The special report is the first publication of its kind, uniting public and private sector insights into the past achievements and future outlook of Angola’s energy sector, including its role in the energy transition, oil and gas growth prospects and latest developments in local content. The publication features exclusive data on Angola’s exploration and production, gas and renewables, refining and petrochemicals, and distribution and commercialization activities, along with interviews from MIREMPET, Sonangol, ANPG, IRDP,TotalEnergies, Azule Energy, Equinor, ExxonMobil, Chevron, Angola LNG and Somoil.
The publication will be available for limited distribution at the AOG 2022 Conference & Exhibition and is printed in both English and Portuguese. The Special Report on the Petroleum Sector was produced by Energy Capital & Power, in partnership with MIREMPET.