The Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC), Mohammad Barkindo, applauded Monday in Luanda the ongoing reforms in the Angolan oil sector, measures aimed at reviving the oil and gas industry.
The OPEC secretary, a Nigerian national, was informed that since 2017, when the President of the Republic, João Lourenço, took office, a series of reforms began in the oil sector.
Of the reforms underway, highlight the approval of five new laws in the oil and gas segment, development of fields, to attract new investments, the restructuring of Sonangol, which will no longer play the role of concessionaires, to focus only on its ” core business, “and privatization of most of its subsidiaries.
The head of OPEC, who has been on a working visit to the country since Sunday, held a meeting with the Minister of Mineral Resources and Oil, Diamantino Azevedo, at the same time congratulating the Angolan Government for initiating the reforms in due course that deserves the support of Cartel, responsible for 40 percent of the world’s oil production.
He understands that the reforms will allow the country to develop the Angolan oil and gas industry, taking into account the potential of hydrocarbon resources existing in the Angolan subsoil.
Mohammed Barkindo, who represented Nigeria on the Council of the OPEC Economic Commission between 1993 and 2008, acknowledged Angola’s important role in meeting the need for oil demand in the near future.