LUANDA, Angola, September 18, 2026/APO Group/ –The Angola Oil & Gas (AOG) 2026 Conference and Exhibition – organized by Energy Capital & Power (https://EnergyCapitalPower.com) – concluded in Luanda with a clear emphasis on accelerating exploration and production. Across three days, 11 deals were signed, new entrants outlined plans to establish positions in the country and existing operators committed billions of dollars to further exploration and development. The outcomes of the event reaffirm AOG as the official investment platform for the country’s oil and gas sector.

 




  

Eleven Deals Advance Angola’s Investment Pipeline

Eleven agreements were formalized during AOG 2026, spanning new acreage, mature-field investment, financing, gas-based industry and emissions reduction. Angola’s National Oil, Gas & Biofuels Agency (ANPG) signed agreements with international oil companies covering deepwater Blocks 19, 34 and 35; Blocks 8 and 22; Block 33/24; Blocks 17/25 and 32/21; and further investment in Block 32. Agreements also supported incremental production at Blocks 15 and 31, financing for Etu Energias’ expansion at Block 14 and the social responsibility component of Amufert’s planned $2 billion Soyo fertilizer complex.

Exploration Moves to the Forefront

The ANPG set a target of at least 10 wells annually as Angola seeks to rebuild its exploration pipeline and offset mature-field decline. Shell pledged to pursue exploration aggressively following three agreements signed at AOG. Corcel is also considering a mid-2027 exploration well at KON-16 in the onshore Kwanza Basin following completion of a 326-line-km 2D seismic campaign.

TotalEnergies, Chevron Double Down

Existing operators used AOG to reaffirm long-term investment. TotalEnergies announced plans to invest $10 billion alongside project partners across its Angolan portfolio over the next five years, while further investment at Dalia could unlock up to 400 million barrels under Angola’s incremental-production framework. Chevron plans additional investment in Block 0 following the concession’s extension to 2050.

Pertamina, Panoro Eye Angola Entry

AOG also brought indications of new international participation. Indonesia’s Pertamina announced plans to pursue an upstream operator role in Angola. Panoro Energy, meanwhile, is assessing opportunities across Angola’s onshore, offshore, frontier and brownfield segments. Senior Advisor Tim O’Hanlon said that “it won’t be long before we are in Angola,” highlighting favorable fiscal terms and increasing competition.

Pre-Conference Sets Investment Agenda

AOG 2026 began with a dedicated pre-conference program focused on Angola’s next phase of oil and gas development. Workshops and technical discussions examined gas infrastructure, downstream markets, exploration technology and investment opportunities, setting the stage for the commitments announced during the main conference.

Gas and Refining Shift Toward Domestic Value Creation

Angola’s Gas Master Plan emerged as a major industrialization platform, targeting approximately $13 billion in midstream and downstream investment across five hubs. Downstream expansion is advancing in parallel. Angola is targeting 425,000 barrels per day of refining capacity across Luanda, Cabinda, Lobito and Soyo as it seeks to reduce a refined-product import bill that reached approximately $1.96 billion in the first half of 2026.

AOG Recognizes Industry and Emerging Talent

The AOG Awards recognized achievements across the value chain, with Azule Energy named Game Changer of the Year, Sonangol Explorer of the Year, Etu Energias Local Company of the Year and the Cabinda Refinery Downstream Player of the Year. Aníbal Octávio Teixeira da Silva received the Lifetime Achievement Award.

Four female students – Abigail Francisco Boa, Chana Lisboa, Genilda Ricardo and Madalena Yanesa Ramos Neto – also received the Albina Faria de Assis Pereira Africano Scholarship, which provides financial support to leading female entrants to Angola’s National Petroleum Institute.

ANPG Expands Investor Access

The ANPG took another step toward improving the investment environment, launching an upgraded website featuring AI-powered search and a dedicated investor space. The platform provides greater access to industry data, investment opportunities and ANPG teams, supporting faster communication between the regulator and prospective investors.

Exhibition Connects Industry Players

Alongside the conference, the AOG 2026 exhibition brought together operators, service companies, technology providers and government institutions, providing a platform to showcase projects, capabilities and investment opportunities across Angola’s oil and gas value chain.

CAIRO, Egypt, September 18, 2026/APO Group/ –African Export-Import Bank (Afreximbank) (www.Afreximbank.com), Ghana Infrastructure Investment Fund (GIIF) and the Ghana’s 24-Hour Economy (24H) have signed a Joint Project Preparation Facility (JPPF) Framework Agreement to accelerate the preparation of priority projects under Ghana’s 24-Hour Economy and Accelerated Export Development Programme (24H+).

 




  

The Authority currently values the wider 24H+ investment pipeline at approximately US$11.5 billion. The JPPF will support selected priority projects in the pipeline, subject to joint screening and approval. Afreximbank and GIIF will pilot the intervention, with each making an initial contribution of US$5 million to finance eligible technical, financial, legal and advisory work needed to resolve bankability constraints and structure projects for financing.

The agreement was signed by Mrs Kanayo Awani, Executive Vice President, Intra-African Trade and Export Development, on behalf of Afreximbank; Mr. Nana Dwemoh Benneh, Chief Executive Officer, on behalf of GIIF; and Mr. Augustus Obuadum Tanoh, Presidential Adviser on the 24-Hour Economy and Accelerated Export Development, on behalf of 24H.

Under the tripartite arrangement, 24H will bring forward strategic projects and coordinate government stakeholders; GIIF will contribute local origination and infrastructure-investment capability; and Afreximbank will provide project-preparation and capital-mobilisation expertise. The parties will jointly screen and prioritise projects.

Ghana’s 24H+ Programme is a production-led, private-sector-driven agenda to transform the country into a competitive production hub. It is structured around eight interconnected pillars spanning agriculture, manufacturing, infrastructure, the creative industries and tourism, logistics, finance, skills and national mobilisation.

 

The JPPF will play a catalytic role in supporting implementation across the eight pillars of the 24H+ Economy by converting priority initiatives into well-prepared, finance-ready projects. Its focus areas include energy and infrastructure; logistics and digital connectivity; industrial parks; manufacturing and agro-processing; minerals beneficiation; tourism; the creative industries; and healthcare.

In addition to financing individual preparation assignments, the JPPF includes a structured institutional-development component for GIIF, comprising training, knowledge transfer, capacity building and staff secondments. This is intended to deepen GIIF’s in-house capacity to originate, structure and manage future project pipelines.

Commenting on the framework agreement, Mrs. Kanayo Awani, Executive Vice President, Intra-African Trade and Export Development at Afreximbank, said:

“This JPPF will play a catalytic role in translating Ghana’s 24H+ vision into projects that attract capital, expand exports and create jobs. By combining Afreximbank’s project-development and capital-mobilisation expertise, GIIF’s local investment capability and the 24-Hour Economy Authority’s coordinating mandate, we will accelerate priority projects, strengthen Ghanaian project preparation capacity and build a sustained pipeline of investment-ready transactions.”

She added that the strong demonstration effect and replication potential of the agreement could see the tripartite JPPF model become a blueprint for other African countries, encouraging similar partnerships and raising the standard of project preparation. Mrs. Awani said the partnership would address Ghana’s trade-enabling infrastructure and industrialisation gaps by combining project origination, technical advisory services and co-financing of preparation costs. This support is intended to produce investment-ready projects capable of attracting significant private capital.

Commenting on GIIF’s participation, Nana Dwemoh Benneh, Chief Executive Officer, GIIF, reiterated that:

“The partnership reinforces GIIF’s role as an infrastructure finance partner to the 24-Hour Economy and strengthens our ability to advance priority projects from concept to investment readiness. Beyond the US$10 million commitment to project preparation, a key value of the JPPF is its capacity-building component, which will provide GIIF with access to Afreximbank’s extensive project preparation expertise through training, knowledge transfer, and staff secondments. This will deepen our in-house capabilities to identify, structure, and prepare bankable projects and enhance institutional capacity and self-reliance, enabling the development of a strong pipeline of investment-ready projects capable of attracting private capital and supporting Ghana’s long-term infrastructure and economic transformation.”

Mr. Augustus Obuadum Tanoh, Presidential Adviser, 24H, added that “The 24H+ Programme is delivered through transformational projects, and a project attracts capital only when it is properly prepared. This Facility will help translate Ghana’s development priorities into well-structured, bankable projects that expand productive capacity, improve workforce productivity, increase exports and create sustainable jobs. We will bring our priority projects in energy, agro-industry, manufacturing and logistics to the Facility, and we are confident that, working with Afreximbank and GIIF, we will take them from concept to construction and deliver tangible opportunities for Ghanaians.”

By converting 24H+ priorities into investment-ready projects, the JPPF is expected to accelerate Ghana’s transformation into a competitive production and export hub and deepen its integration into the African Continental Free Trade Area (AfCFTA).