Ver Angola

Energy

ANPG in Beijing to attract Chinese entrepreneurs to the oil sector

The National Agency for Petroleum, Gas and Biofuels (ANPG) held, in Beijing (China), an oil and gas business forum in Angola, whose aim was to promote the 12 oil blocks in the Kwanza and Congo onshore basins and of the 14 blocks that are on permanent offer, with more than 80 Chinese companies participating in the event.

: ANPG
ANPG  

"More than 80 Chinese companies from the oil & gas sector were present at the Angola Oil and Gas Business Forum, which took place in Beijing, last Monday", said the ANPG, in a statement sent to VerAngola.

The national concessionaire also adds that this event aimed to "promote the 12 oil blocks in the Kwanza and Congo onshore basins, which will be up for bidding from the next 30th of September, as well as the 14 blocks that are on a permanent offer basis ".

The event "had a message of encouragement to those present" by the Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, via videoconference, while the opening of the forum fell to the Angolan ambassador to the People's Republic of China, João Neto.

In his message, the holder of the Mineral Resources, Oil and Gas portfolio "invited Chinese businessmen to invest" in the country's oil sector, which has been adopting various "actions to attract foreign investment in this sector".

On the occasion, Diamantino Azevedo highlighted that "the potential in the basins is proven": "I would like to emphasize that the oil potential of the basins is proven. Added to this fact, the profitable business environment existing in Angola, due to the implementation of several measures of restructuring in this sector in recent years", he indicated, quoted in the note.

The Angolan ambassador to China considered that the forum "is a clear sign of the Angolan Government's interest in increasingly strengthening relations between the two countries in the various sectors of the economy", reads the note.

Cited in the statement, the ambassador indicated that "bringing the tender for 12 oil blocks to the Chinese market reflects great confidence in the Chinese market, in its companies, in its technological, technical and financial capacity".

In turn, businessman Peng Fu praised the holding of the event in China, with a view to doing business in and with Angola.

"For me this forum was a great opportunity to get to know Angola and understand what changes have been implemented recently in its oil sector. I am looking forward to it because I confirmed that onshore blocks are undergoing great development in Angola. I, personally, hope to have the opportunity to invest in Angola in this sector and through this bidding round", he added, quoted in the statement.

According to the note, the presentations of the new bids were carried out in the Chinese capital "by managers and technicians from the areas of negotiations, legal, health and environment, production, exploration and data" from the ANPG.

The ANPG also recalls that this "was the first roadshow held outside Luanda, in relation to the 2023 tender".

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