According to the Executive Administrator of the National Agency for Petroleum, Gas and Biofuels (ANPG), Alcides Andrade, the increased global demand for investments is positioning Angola as a key player in the market.
In his speech at CERAWeek in Houston, United States of America, Alcides Andrade revealed that Angola has secured more than 60 billion dollars in commitments for future projects, having attracted both established operators in the sector as well as new ones.
The ANPG administrator said that, over the next five years, these investments will drive significant development, and ongoing negotiations with investors are expected to further strengthen Angola’s energy sector.
The manager explained that ANPG has adopted a strategy based on three fundamental pillars: agility, flexibility, and pragmatism to maintain its competitiveness.
“The industry is global, and investment goes where it is best received. In Angola, we are committed to providing the best possible environment for investors in the oil and gas sector,” he stated.
Alcides Andrade added that ANPG has simplified its licensing processes, reducing response times to investment proposals from years to less than 30 days as part of the strategy. Despite this, he said, the Agency is implementing a regulatory framework aimed at increasing private sector investments.
