On track to become a regional petroleum hub, Angola offers a wealth of investment opportunities across its downstream industry

LUANDA, Angola, September 9, 2024/APO Group/ — 

As sub-Saharan Africa’s second largest oil producer, Angola is strategically positioned to become a regional hub for petroleum distribution. Over 400,000 barrels per day (bpd) of refining capacity is planned in the country, while cross-border pipeline infrastructure and regional trade systems aim to further consolidate Angola’s regional role.

During the Angola Oil & Gas (AOG) conference & exhibition – taking place October 2-3 in Luanda – speakers from across the Angolan and regional downstream sectors will discuss the country’s project pipeline. Through their participation in panel discussions and roundtables, downstream speakers will provide insight into the strategies underway to position Angola as a regional hub. Insight will also be shared into the challenges associated with intra-African trade and the untapped investment opportunities available across the country.

AOG is the largest oil and gas event in Angola. Taking place with the full support of the Ministry of Mineral Resources, Oil and Gas; the National Oil, Gas and Biofuels Agency; the Petroleum Derivatives Regulatory Institute; national oil company Sonangol; and the African Energy Chamber; the event is a platform to sign deals and advance Angola’s oil and gas industry. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

Angola anticipates the first phase of the Cabinda refinery to come online by the end of 2024, targeting 30,000 bpd of capacity. Set to be fully operational by 2025, the facility will have a total capacity of 60,000 bpd. Shortly thereafter in 2025, both the Lobito Refinery – set to be the largest in the country once commissioned – and the Soyo refinery will also start production. Lobito will have a capacity of 200,000 bpd while Soyo has a capacity of 100,000 bpd.

As Angola enhances its refining capacity, the country is looking at strengthening intra-African petroleum trade. Organizations such as the African Refiners and Distributors Association (ARDA) – the first pan-African organization for the downstream oil sector – offer a platform for improved interaction between African refiners and distributors while facilitating engagement between global investors and African downstream opportunities. Angola’s national oil company Sonangol is a member of ARDA, and during AOG 2024, ARDA’s Chief Executive Secretary Anibor (Ohiole) Kragha will discuss the implications of the country’s refining projects.

As Angola ramps up its refining capacity, local retailers will have a greater role to play in distributing petroleum. Fuel retailer Pumangol, for example, is committed to strengthening fuel security in the country. The company was taken over by Sonangol in 2021, aligning its goals with that of the nation’s. At AOG 2024, Pumangol CEO Ivanilson Machado will share insight into these objectives as well as what the future looks like for Angola’s downstream sector.

Beyond oil, Angola is making great strides towards becoming a hub for LNG. The country’s sole LNG facility, Angola LNG (ALNG), delivered its 400^th cargo in 2023 and serves as a driver of gas monetization in the country. While sub-Saharan Africa’s LNG trade infrastructure remains in its infancy stage, the region could greenlight up to 74 million tons of LNG per year by 2030, highlighting significant opportunities for regional trade. During AOG 2024, Tania Silv, CEO of ALNG Marketing, will unpack Angola’s future role as a regional LNG supplier.

Meanwhile, as a specialist consulting company, CITAC supports projects across the African downstream industry. In Angola, the company supports project development by offering a wealth of knowledge to assist clients in unlocking business potential. The company’s services range from training and consultancy to market reports and data analysis, supporting investments and driving industry expansion. Elitsa Georgieva, Executive Director at the CITAC is speaking at the AOG 2024 conference this October. Georgieva is also leading a workshop during the AOG 2024 pre-conference technical program on October 1 on Demand and Supply Trends for Refined Production in Africa.

For more information about the AOG 2024 program, visit https://apo-opa.co/3ZhkKbW.

Distributed by APO Group on behalf of Energy Capital & Power.

The AOG 2024 awards recognizes and celebrates the outstanding achievements of companies active in the Angolan oil and gas industry

LUANDA, Angola, September 5, 2024/APO Group/ — 

Angola’s premier industry event, the Angola Oil & Gas (AOG) conference and exhibition, will once again host the AOG Awards, an event dedicated to celebrating the achievements of oil and gas companies active in Angola.

Nominations are officially open. Professionals, organizations and experts are invited to submit their nominations for the various award categories, all of which are designed to celebrate excellence in project development, exploration, innovation and leadership. Visit www.AngolaOilAndGas.com.

AOG is the largest oil and gas event in Angola. Taking place with the full support of the Ministry of Mineral Resources, Oil and Gas; the National Oil, Gas and Biofuels Agency; the Petroleum Derivatives Regulatory Institute; national oil company Sonangol; and the African Energy Chamber, the event is a platform to sign deals and advance Angola’s oil and gas industry. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.

Game Changer of the Year

The Game Changer of the Year Award honors a company revolutionizing Angola’s oil and gas value chain through innovative technologies, methodologies or strategies, significantly impacting the industry and setting new standards for future progress.

Explorer of the Year

The Explorer of the Year Award honors a company that has demonstrated exceptional expertise and success in exploration activities within Angola’s oil and gas sector. This award celebrates significant discoveries, innovative exploration techniques and the strategic vision that has led to unlocking new resources and expanding the country’s potential.

Local Company of the Year

The Local Company of the Year Award recognizes the outstanding achievements of an Angolan-owned company that has demonstrated excellence, resilience and growth within the oil and gas industry. This award celebrates a company that has not only excelled in its business operations but has also contributed to the development of local content, created employment opportunities and fostered sustainable practices.

Lifetime Achievement Award

The Lifetime Achievement Award honors an individual or company that has made extraordinary contributions to Angola’s oil and gas industry over an extended period. This prestigious award celebrates a career marked by visionary leadership, innovation and a profound commitment to the growth and development of the sector.

Distributed by APO Group on behalf of Energy Capital & Power.

Appointed in April, Minister of Oil & Gas Dr. Khalifa Abdulsadek will outline the country’s exploration and development agenda at African Energy Week: Invest in African Energy 2024

CAPE TOWN, South Africa, September 4, 2024/APO Group/ — 

Ahead of an anticipated 2025 oil and gas licensing round, Libya is looking to attract foreign investment to its onshore exploration prospects and production infrastructure. Dr. Khalifa Abdulsadek, newly-appointed Minister of Oil & Gas of Libya, will deliver a keynote address at the African Energy Week (AEW): Invest in African Energy conference in Cape Town, outlining the development agenda of one of Africa’s most historic oil producers.  

Libya has set a target to produce two million barrels of oil and four billion cubic feet of natural gas per day within the next three to five years. To achieve this goal, the country is investing between $17 and $18 billion to develop 45 greenfield and brownfield projects, coupled with ongoing exploration campaigns and a recent onshore gas discovery by Sirte Oil. In addition, Libya is preparing to launch an oil and gas licensing round in the Murzuq, Ghadames and Sirte basins in early-2025 and has already attracted interest from more than 30 companies in its marginal assets alone. Appointed as Minister of Oil & Gas in April 2024, Dr. Abdulsadek contributes over 20 years of experience in the oil and gas sector and is set to guide Libya on its path to increased production, having previously served as the CEO of local service provider Murzuq Oil Services and Member of Libya’s National Oil Corporation (NOC) Board of Directors for Exploration.  

As one of the most historic producers in Africa, Libya is revamping its upstream sector by targeting untapped gas supplies to take advantage of rising gas demand in nearby-Europe

AEW: Invest in African Energy is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event. 

To support gas production and eliminate routine flaring, Libya is launching a robust gas monetization drive. In 2023, NOC and Italian multinational Eni signed an $8-billion gas production deal to develop two offshore gas fields – Structures A & E – with a view to producing 750 million cubic feet of gas per day. The project represents the first major offshore development in Libya in more than two decades and is set to increase gas supply to domestic and European markets when it comes online in 2026. A consortium comprising Eni, France’s TotalEnergies and Abu Dhabi National Oil Company is also developing and exploring oil and gas fields in the NC-7 block in the Ghadames Basin, targeting 2.7 trillion cubic feet of gas to boost domestic production. Finally, Libya is spearheading 12 new projects to reduce and convert flared gas to green ammonia and power for export, and is currently seeking technical and financial partners to advance decarbonization initiatives.   

“As one of the most historic producers in Africa, Libya is revamping its upstream sector by targeting untapped gas supplies to take advantage of rising gas demand in nearby-Europe, coupled with ongoing exploration campaigns and a 2025 bid round that invites new participants. Minister Abdulsadek is already demonstrating a resolute commitment to showcasing a ‘New Libya’ to the international energy community through his participation at this year’s AEW conference,” states NJ Ayuk, Executive Chairman of the African Energy Chamber.  

Ongoing exploration and development opportunities in the continent’s mature markets – including Libya – will be a key focus of the upcoming AEW: Invest in African Energy conference taking place on November 4-8. With the confirmation of Minister Dr. Abdulsadek, the event is expected to feature a high-level delegation of Libyan policymakers and business leaders seeking to connect with global investors and technology and service providers and unlock Libya’s investment prospects.

Distributed by APO Group on behalf of African Energy Chamber.