British Petroleum’s CEO Bob Dudley on Monday conveyed the Angolan Head of State João Lourenço a commitment to continue investing and deepening cooperation with Angola.
After the audience granted at the Presidential Palace, Bob Dudley said that he has analyzed with the Angolan President the progress made in the field of oil exploration in Angola.
He pointed out, as evidence of the intention to deepen relations, the signing, Monday of three agreements with the Angolan oil company Sonangol.
Two of the agreements will allow to develop the “Platina” project and to extend the oil exploration of Block 18, and a memorandum to begin the discussions on financing and construction of the Barra do Dande oil products storage terminal.
He pointed out that among the agreements, one is connected to the distribution of refined products provide transport ships and the creation of a regional logistics distribution center that can address the needs of the markets of Angola, Namibia, Democratic Republic of Congo (DRC) and Zambia.
He said that his company has invested about 30 billion dollars in Angola.
He said that BP expects to have, by 2020, 90 percent of the Angolan labor force, which is currently around 80 percent.
BP has been in Angola since the 1970s. In the 1990s it acquired stakes in four deepwater blocks, some 200 kilometers northwest of Luanda.