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Equinor Applauds Angola’s Oil Reforms; The African Energy Chamber (AEC) Backs Vision for Africa’s Energy Future

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African Energy Chamber

Equinor has lauded Angola’s Incremental Production Decree, implemented last month, for introducing updated and progressive fiscal terms that enhance the commercial viability of developing oil and gas fields

JOHANNESBURG, South Africa, December 6, 2024/APO Group/ — 

Norwegian multinational energy firm Equinor has commended Angola’s recent Incremental Production Decree as a landmark reform that enhances the country’s ability to attract oil and gas investments, while boosting production and driving economic growth. The African Energy Chamber (AEC) (https://EnergyChamber.org/), as the voice of the African energy sector, proudly endorses Equinor’s statement recognizing Angola’s well-structured oil and gas reforms as a powerful model for attracting investment and boosting hydrocarbon development across the continent.

Angola’s Incremental Production Decree, implemented in November 2024, introduces progressive fiscal terms aimed at attracting investment and boosting oil and gas production. The decree enhances the commercial viability of developing fields in mature blocks, underexplored areas and stranded resources, while encouraging exploration near existing infrastructure. By enabling increased recovery from producing fields and extending the lifespan of critical infrastructure, the decree is set to generate billions in offshore investments, create jobs and drive economic growth, solidifying Angola’s position as a leading oil and gas producer.

According to Nina Koch, Senior Vice President in Africa for Equinor, “The new terms are able to increase investment and boost oil and gas production in Angola, as they improve the commerciality of developing fields in mature blocks and underdeveloped areas.” Koch highlighted that these reforms pave the way for developing stranded resources, fostering exploration near existing infrastructure and enhancing recovery from producing fields – critical steps to counteract declining production.

This decree is certainly strengthening the business case for many projects in Equinor’s portfolio, including lifetime extension opportunities for infrastructure in our partnerships

This decree builds upon a series of bold measures Angola has undertaken in recent years to revitalize its oil and gas sector. These include regulatory simplifications, improved licensing rounds and fiscal adjustments that make the business environment more competitive and investor-friendly. As Koch noted, “This decree is certainly strengthening the business case for many projects in Equinor’s portfolio, including lifetime extension opportunities for infrastructure in our partnerships.” She emphasized that these initiatives could bring billions of dollars in offshore investments, create jobs and generate revenues that benefit Angola’s economy and society.

With Equinor’s endorsement, the Incremental Production Decree also aligns with broader strategies to extend the lifecycle of assets and maximize value. Koch added, “The new fiscal terms can work as a catalyst in our strategy to extend the longevity of our production outside Norway, while securing value for decades to come for our partnerships and the Angolan society.”

“The Angolan government deserves recognition for taking this step,” said NJ Ayuk, Executive Chairman of the AEC. “Equinor’s acknowledgment of these reforms underscores Angola’s leadership in adapting to industry demands, and we believe these efforts provide an outstanding case study for other African nations seeking to attract investment and foster sustainable energy development.”

The AEC remains committed to supporting initiatives that unlock the full potential of Africa’s energy resources. Angola’s success demonstrates the transformative power of proactive governance, innovative fiscal policies and collaboration between governments and industry leaders.

Distributed by APO Group on behalf of African Energy Chamber.

Energy

Société Nationale des Pétroles du Congo’s (SNPC) Maixent Raoul Ominga to Receive Lifetime Achievement Award at African Energy Week (AEW) 2026

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The award recognizes decades of leadership by the SNPC Director General in shaping the company’s growth and investment strategy, while strengthening the Republic of Congo’s position in Africa’s energy landscape

CAPE TOWN, South Africa, July 2, 2026/APO Group/ –Maixent Raoul Ominga, Director General of Société Nationale des Pétroles du Congo (SNPC), has been named the recipient of the Lifetime Achievement Award at African Energy Week (AEW) 2026. The honor recognizes more than two decades of service to Congo’s national oil company and a leadership career that has helped transform SNPC into a stronger, more diversified and increasingly influential energy company.

The Lifetime Achievement Award is the highest distinction presented during the African Energy Awards, held annually as part of AEW. The non-voting category recognizes individuals whose careers have left a lasting mark on Africa’s energy industry through sustained leadership, institutional development, investment promotion and contributions to regional cooperation.

Few leaders know SNPC as intimately as Ominga. Joining the company in 2001 in the finance and accounting department, he steadily rose through the ranks before being appointed Director General in 2018. Reappointed in 2022 and again in 2025 following the adoption of SNPC’s revised corporate statutes, his continued tenure reflects sustained confidence in a leadership style centered on long-term institutional growth, operational discipline and continuity.

Maixent Raoul Ominga represents the kind of steady, visionary leadership that has helped transform SNPC into a more resilient and forward-looking national oil company

Under Ominga’s leadership, SNPC has evolved from a traditional national oil company into a broader energy player with an expanding upstream portfolio and growing regional profile. The company continues to hold interests in many of the Republic of Congo’s largest producing assets while participating in new discoveries that have reinforced the country’s long-term exploration potential.

A defining feature of Ominga’s tenure has been a strategic shift toward long-term value creation through gas monetization. Under his direction, SNPC has played a central role in supporting the Congo LNG project, helping position the Republic of Congo among Africa’s emerging LNG exporters and accelerating the country’s transition toward large-scale gas development.

Institutional transformation has been equally central to his leadership. Ominga has overseen organizational restructuring, strengthened corporate governance and placed greater emphasis on operational performance, while steering SNPC toward increased use of domestic capital markets to reduce reliance on international lenders and strengthen local financial capacity. He has also prioritized workforce development, greater gender inclusion in leadership and the development of internal capabilities supporting gas and new energy initiatives.

His influence has extended well beyond SNPC. A longstanding advocate for stronger collaboration among Africa’s national oil companies, Ominga has consistently promoted regional partnerships, African financing solutions and energy sovereignty as essential to unlocking the continent’s long-term investment potential. This vision has helped elevate both SNPC’s regional profile and the Republic of Congo’s role in Africa’s evolving energy landscape.

Ominga’s leadership has also been recognized beyond the energy sector. In 2026, he was awarded the Gold Medal of the Ligue universelle du bien public, recognizing his leadership, commitment to the public good and contributions to economic and social development. The distinction reflects a leadership philosophy that extends beyond commercial performance, emphasizing institution-building, human capital development and the role of energy in supporting national progress.

“Maixent Raoul Ominga represents the kind of steady, visionary leadership that has helped transform SNPC into a more resilient and forward-looking national oil company,” said NJ Ayuk, Executive Chairman of the African Energy Chamber. “His commitment to building local capacity, strengthening governance and positioning Congo’s energy sector for the future makes him a deserving recipient of this year’s Lifetime Achievement Award. We congratulate him on this well-earned recognition.”

Distributed by APO Group on behalf of African Energy Chamber.

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Buenassa Chief Executive Officer (CEO) to Spotlight Democratic Republic of the Congo (DRC) Mineral Beneficiation Strategy at African Mining Week

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Etu Energias

As Buenassa advances one of the DRC’s first integrated copper and cobalt refining projects, CEO Eddy Kioni will join AMW 2026 to discuss investment, value addition and the partnerships driving the country’s mineral beneficiation agenda

CAPE TOWN, South Africa, July 2, 2026/APO Group/ –Eddy Kioni, CEO of Buenassa – the DRC’s first integrated metals trading company specializing in the supply of domestically beneficiated minerals – has confirmed his participation as a speaker at African Mining Week (AMW) 2026, taking place from October 14–16 in Cape Town.

Kioni will participate in the panel discussion Realigning National and International Goals to Advance Global Investment in Africa’s Value Chain, where industry leaders will examine strategies for mobilizing investment to strengthen Africa’s mining sector and accelerate value addition.

His participation comes as Buenassa advances its multi-phase copper and cobalt hydrometallurgical refinery in Lualaba Province, supporting the DRC’s strategy to maximize value from its critical minerals through domestic processing and the export of value-added products. Scheduled to begin operations by 2028, the facility is designed to produce up to 120,000 metric tons of high-grade copper cathodes and 20,000 metric tons of cobalt sulphate annually at full capacity.

Strategic partnerships with the DRC government and the UAE’s AHQ Group to accelerate the refinery project underscore Buenassa’s collaborative approach to mobilizing the capital, technical expertise and strategic partnerships needed to expand the DRC’s mineral beneficiation industry.

Beyond refining, Buenassa is pursuing an ambitious growth strategy across the mining value chain. In February 2026, the company submitted a $1.5 billion acquisition proposal for copper and cobalt producer Chemaf, a transaction that would significantly expand Buenassa’s upstream mining portfolio while strengthening integration across exploration, production, processing and international metals trading.

Serving as Africa’s Most Influential Mining Conference, AMW 2026 brings together governments, mining companies and investors, offering Kioni an opportunity to showcase Buenassa’s integrated investment model, share updates on the company’s flagship refinery development and engage with prospective partners.

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

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Senegal’s Energy Minister Joins African Energy Week (AEW) 2026 Amid Rapid Oil and Gas Sector Expansion

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African Energy Chamber

As Senegal builds on record oil production, LNG development and domestic gas infrastructure, Minister of Energy and Petroleum Dr. El Hadji Abdourahmane Diouf will engage investors on the country’s next phase of energy growth

CAPE TOWN, South Africa, July 2, 2026/APO Group/ –Senegal’s Minister of Energy and Petroleum, Dr. El Hadji Abdourahmane Diouf, has been confirmed as a speaker at African Energy Week (AEW) 2026, taking place October 12-16 in Cape Town. His participation comes as Senegal enters a new phase of energy sector development following a cabinet reshuffle that separated the former Ministry of Energy, Petroleum and Mines into standalone Energy and Petroleum and Mines portfolios, placing greater institutional focus on the country’s rapidly expanding hydrocarbons sector.

AEW 2026 will provide a platform for Senegal to engage investors as it builds on recent upstream successes, advances domestic gas utilization and expands the infrastructure needed to support long-term energy security and industrial growth.

Minister Diouf assumed office in June 2026 following the formation of Senegal’s new government. As head of the Ministry of Energy and Petroleum, he is leading efforts to accelerate upstream development, expand domestic gas utilization and strengthen the regulatory framework supporting long-term investment. His appointment comes as Senegal transitions from hydrocarbon explorer to producer, seeking to leverage new oil and gas output to improve energy security, reduce fuel import dependence, lower electricity costs and support industrialization.

Senegal is entering an exciting new phase of energy development, backed by world-class oil and gas resources

The Sangomar offshore oil field exceeded production expectations in 2025, producing 36 million barrels, while exports reached approximately 3.8 million barrels in January 2026 alone. Operator Woodside Energy is evaluating a second phase of development that could further increase production. At the same time, the Greater Tortue Ahmeyim LNG project continues to ramp up operations while supplying 35 million standard cubic feet of gas per day to Senegal’s domestic market. In April, national oil company Petrosen secured full ownership of the Yakaar-Teranga gas field, home to an estimated 25 trillion cubic feet of gas that will underpin the country’s long-term gas monetization and gas-to-power strategy.

Beyond upstream development, Senegal is investing heavily in the infrastructure needed to monetize its gas resources domestically. Earlier this year, Petrosen launched its first independently operated $100 million onshore exploration campaign, while the government continues advancing plans for a proposed 400-km domestic gas pipeline network to connect offshore gas production with industrial consumers. As part of its objective to generate 75% of installed power capacity from natural gas, Senegal is also expanding gas-fired generation through projects including the conversion of the existing 335 MW Bel Air power plant and the construction of a new 366 MW gas-fired power plant.

Alongside these investments, Senegal is strengthening the policy framework underpinning long-term sector growth. This year, the government advanced reforms to its local content regulations aimed at increasing domestic participation across the petroleum value chain while adopting its first national standards for solar photovoltaic equipment. Together, these initiatives reflect Senegal’s strategy of leveraging natural gas development alongside renewable energy expansion to support sustainable economic growth.

“Senegal is entering an exciting new phase of energy development, backed by world-class oil and gas resources, ambitious infrastructure investments and progressive regulatory reforms. Minister Diouf’s participation at AEW 2026 provides investors with a timely opportunity to engage directly with the leadership shaping one of Africa’s most dynamic energy markets,” says NJ Ayuk, Executive Chairman of the African Energy Chamber.

At AEW 2026, Minister Diouf is expected to participate in high-level discussions on upstream investment, gas monetization, energy infrastructure and regional energy cooperation, highlighting Senegal’s growing role as one of West Africa’s leading investment destinations.

Distributed by APO Group on behalf of African Energy Chamber.

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