Angola is increasing foreign investment in its oil and gas sector through targeted regulatory reforms designed to unleash the industry’s full potential to drive economic growth. With policies such as the Incremental Production Initiative, introduced through Presidential Decree 8/24 in November 2024, over $60 billion in investments have been authorized for disbursement over the next five years. Additional capital inflows are expected as the country launches the 2025 oil and gas licensing round and the Gas Master Plan.
The upcoming Angola Oil & Gas (AOG) 2025 Conference – scheduled for September 3 and 4 in Luanda – will feature speakers from the financial and legal sectors to discuss the evolution of Angola’s regulatory landscape and its role in shaping global investor sentiment.
Financial sector speakers include Ibitola Ukabam, Vice President of Investment at Africa Finance Corporation (AFC), and Cristina Lourenço, Executive Director of Angola’s stock exchange, BODIVA. Ukabam is expected to share insights on AFC’s role in promoting Angola’s energy sector growth through transformative deals, such as a $60 million injection into local oil company Etu Energias to increase production. AFC also led a major $335 million financing package to fund the development of the Cabinda Refinery project, with a capacity of 30,000 barrels per day. In June 2025, Angola became a shareholder in AFC with a capital investment of $184.8 million, reinforcing its commitment to Africa-led development.
Lourenço is expected to outline BODIVA’s strategy to improve access to capital for critical energy infrastructure. The stock exchange plans to list at least 10 companies from the extractive sector – including Sonangol and Endiama – by 2028, to increase local and international private sector participation in the industry.
Complementing Angola’s investment reforms are its strong local content development policies, notably Presidential Decree 271/20, which mandates the inclusion of Angolan companies and workers in energy operations. At AOG 2025, Oneyka Ojogbo, Deputy Managing Partner at CLG, will moderate a session titled “50 Years On: The Role of National Champions in Angola’s Development,” highlighting regulatory measures that support workforce development and local value creation. A session titled “Angola at 50: The Oil & Gas Industry – A Catalyst for Economic Transformation” will feature André Afonso, Partner – Assurance at EY, who will present the transformative impact of policy reforms and new investments on Angola’s broader economic trajectory. Nuno Catanas, Founder and Managing Director of MC Jurist, is expected to explore the implications of regulatory updates on production capacity, midstream and downstream growth, and the sector’s contribution to regional energy stability.
AOG is the largest oil and gas event in Angola. Held with the full support of the Ministry of Mineral Resources, Oil and Gas; the National Agency for Petroleum, Gas and Biofuels; the Petroleum Products Regulatory Institute; the national oil company Sonangol; and the African Energy Chamber; the event is a platform for signing agreements and advancing Angola’s oil and gas industry. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.
