According to the final document of the meeting, which Lusa had access to, with the creation of this agency, the National Iron Company of Angola, Ferrangol, is also extinguished, with the Ministers of Finance and Petroleum responsible for constituting a liquidation commission that must proceed survey of Ferrangol's assets and liabilities.
The assets will be allocated to the new agency. The entity appears in the scope of the new model of organization of the mining sector, also this Wednesday approved by the Government, which aims "to increase the efficiency in the sector and the guarantee of a better use of the resources and improvement of the predictability of the essential financial flows for the country's development.
Also within the framework of the reorganization of the sector, it was approved to postpone the transfer of Sonangol's abandonment funds to the National Oil, Gas and Fuel Agency (ANPGC), which should happen until June, to December 2020, when the ANPGC assume that charge and corresponding assets.
Abandonment funds refer to the funds reserved for activities to abandon wells and dismantle hydrocarbon exploration areas.
In the field of Public Works and Spatial Planning, the Council of Ministers approved a new organic statute for the Institute of Roads (INEA) "with the aim of imparting a new dynamic and adequate response to requests from the road infrastructure sector".