The C.E.O of the public oil company Sonangol, Sebastião Gaspar Martins, last week pointed to self-sufficiency in energy production, availability and accessability as propellers of the continent’s strategic repositioning in the geopolitical landscape of the world.
According to the C.E.O – who was speaking at the Third Edition of the Angola Oil & Gas International Conference, which is happening from 29 November to 01 December, in Luanda – Africa confronts itself with multiple constraints and challenges in regard to its industrialisation process.
In view of this, he went on to explain, Sonangol has adopted an energetic transition strategy that is based in the diversification of its portfolio.
“In this way, Sonangol has oil as its main pillar of the business and gas as the main engine for a cleaner energy. So the national concessionaire is going forward with an investment that already has ongoing projects, two photovoltaic centrals for the production of solar energy of 150 megawatts”, he assured.
Moreover, he said, Sonangol is committed to the implementation of green hydrogen project, in partnership with German companies, having also signed an agreement for the construction of the first biorefinery by 2027.
On his turn, the C.E.O of the National Oil and gas Agency (ANPG), Paulino Jerónimo, mentioned debureaucratisation of procedures in the issue of licences, broadening of the oil industry and reforms in the sector as factors that attract investments.
Paulino Jerónimo stressed that the sector will contiue to focus on energetic transition. The ANPG boss announced that in the coming years his institution is to revert the decline in oil production and reserves, aiming at securing continual sustainability in the sector.
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The Third Edition of the Angola Oil & Gas International Conference happens under the theme “Promoting an inclusive, attractive and innnovative oil and gas industry in Angola”.
The event, which is to last three days, was opened by the Angolan President, João Lourenço.