Angola is reinforcing the pivotal role of its oil and gas sector in its national development strategy as it gears up to host the Angola Oil & Gas (AOG) 2025 conference in Luanda from September 3rd to 4th.
This high-profile event, which will coincide with celebrations marking the country’s 50th anniversary of independence, will be held under the theme “Angola at 50: Oil and Gas as Engines of Development.”
With planned investments exceeding $60 billion over the next five years, Angola is actively positioning itself as a prime destination for global energy investors. The nation, currently the second-largest oil producer in sub-Saharan Africa, is focused on reversing declining production and stimulating economic growth through significant projects such as the Quiluma and Maboqueiro gas fields, the Agogo Integrated West Hub, and the Cabinda refinery. These key initiatives are projected to increase output and maximize the value of Angola’s substantial energy resources.
Endorsed by the Ministry of Mineral Resources, Petroleum and Gas, the national oil company Sonangol, and the African Energy Chamber, AOG 2025 will serve as a leading platform for crucial strategic negotiations and the forging of significant deals within the energy sector. The event underscores the fundamental importance of hydrocarbons to Angola’s economy while also highlighting ongoing government efforts to diversify economic growth through expansion in the mining and agriculture sectors.
Amidst a comprehensive transformation agenda, the Angolan government is actively implementing structural reforms and progressive policy frameworks, including the Decree on Incremental Production and the Gas Master Plan. These measures aim to modernize the energy industry and attract further investment, particularly in the burgeoning natural gas sector.
By bringing together key stakeholders from across the entire energy value chain, AOG 2025 aims to catalyze long-term sustainable development and enhance Angola’s overall competitiveness within the global energy landscape.
TE/sf/lb/abj/APA