Tailored to Angola’s intent to Navigate Capital into its bankable Oil and Gas Project, Africa Oil and Power Inaugurated the Africa Energy Services Special Report
By Abdul Rahman Bangura–
NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- Pursuant to Angola’s objective to steer equity inflows into its bankable oil and gas projects, Africa Oil & Power (AOP) has inducted the Africa Energy Series Special Report ‘Angola 2020’ as an aid for investors immigrating or extending their existence in the country’s energy sector
The report which is accessible on AOP’s website; gives an obvious look at Angola’s enterprise chances still on route for improvement in the face of proposal holdups effected by the Novel Coronavirus (COVID-19).
“While COVID-19 persists to ruffle our business and hamper energy growths across the continent, Angola boldly advances with a number of its large-scale, capital intensive projects, as explained in the Africa Energy Series Special Report: Angola 2020,” said AOP acting CEO, James Chester.
“While the current investment climate remains challenging for the oil and gas industry, sufficient and sustained FDI is required across the energy supply chain to not only survive the crisis in 2020, but also overcome it in 2021.”
The report largely focuses on upstream developments in Angola, including the 2020 oil and gas licensing round which, as of May 6th, 2020 is still slated to take place; recent block expansions awarded to major operators, including ExxonMobil, Chevron, and Total; the increase in the assessment of rated recoverable resources of ENI’s Agogo discovery; the establishment of the Lifua-A platform to support oil and gas exploration in Block 0; and the establishment of the New Gas Consortium that represents Angola’s first upstream natural gas partnership.
Within Angola’s developing downstream industry, the report provides updates on the planned construction of natural gas and hydropower plants across the country; the refurbishment of the Luanda refinery to quadruple its current production; and the tender for the construction of new refineries in Cabinda, Lobito, and Soyo.
The publication follows the recent announcement of a change in date to the Angola Oil & Gas 2020 Conference & Exhibition, which will now take place in Talatona from October 14-15. Under the theme “Angola: African Investment Capital 2020,” the conference returns for its second year to promote and attract FDI to the country’s bankable projects and sign up new entrants to Angola’s oil and gas sector.
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