Angola Oil & Gas (AOG) 2024 Ministerial Council outlines strategies to accelerate regional integration

With an investment volume of US$60 billion over the next five years, Angola is on track to keep its oil production above one million barrels beyond 2027. The country has ambitions to use both new investments in exploration and upcoming infrastructure projects to supply the regional market with oil, promising new opportunities for increased trade in Africa.

A ministerial-level panel discussion during the Angola Oil & Gas (AOG) Conference – taking place in Luanda on 2 and 3 October – will address the following topics: Crossing borders: using the oil and gas sector to drive regional trade. Speakers include Diamantino Azevedo, Minister of Mineral Resources and Petroleum of Angola, Bruno Jean-Richard Itoua, Minister of Hydrocarbons of the Republic of Congo, Tom Alweendo, Minister of Mines and Energy of Namibia and Dr. Omar Farouk Ibrahim, Secretary General of the African Petroleum Producers Organization.

AOG is the largest oil and gas event in Angola. The event takes place with the full support of the Ministry of Mineral Resources, Oil and Gas, the national oil company Sonangol, the National Agency for Oil, Gas and Biofuels, the African Energy Chamber and the Petroleum Derivatives Regulatory Institute and is a platform to conclude contracts and advance Angola’s oil and gas industry. To become a sponsor or to participate as a delegate, please contact [email protected].

As the second largest oil producer in sub-Saharan Africa, Angola is seeking access to regional markets and leveraging its position as a key supplier to strengthen trade and cross-border projects. In particular, Angola is working with Zambia to develop a $5 billion cross-border pipeline project – the Angola-Zambia Oil Pipeline. The planned 1,400 km pipeline will transport Angolan crude oil from the Lobito refinery to Zambia’s capital Lusaka. Engineering work for the pipeline was completed in April 2024.

In addition, Angola and Namibia are pursuing opportunities for cooperation in the oil and gas industry. In March 2024, Angola’s NOC Sonangol signed an agreement with its Namibian counterpart Namcor and the Namibian Ports Authority to develop an integrated logistics center in Namibia. The center will support new concessions and the development of new offshore discoveries. Angola, as a major producer, will support Namibia in the accelerated development of deepwater oil and gas.

Beyond existing collaborations, Angola is well placed to work with its neighbors in the region to improve fuel security in the regional market. Countries such as Angola and the Republic of Congo – which exported its first cargo from the Congo LNG project this year – will play an important role in meeting regional demand.

As Angola seeks to increase regional petroleum exports through increased production, the country is on track to define a new era of regional relations. The AOG 2024 ministerial panel will delve deeply into the impact that ongoing projects in Angola will have on regional supply chains, with speakers providing insights into regional trade and future areas of cooperation.

Download the AOG 2024 conference program here: http://apo-opa.co/3yyTKd7 or get a glimpse of the pre-conference technical program here: http://apo-opa.co/3YSgLCi.
Distributed by APO Group on behalf of Energy Capital & Power.