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Energy

Congo's Minister of Hydrocarbons praises Government and Sonangol reforms in Angola Oil & Gas

Bruno Jean-Richard Itoua, minister of Hydrocarbons of Congo, joined Diamantino Azevedo, minister of Mineral Resources, Oil and Gas, for a debate that marked the beginning of the biggest oil and gas event in Angola, this Thursday.

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The ministers discussed the expansion of cooperation between the two oil-producing countries, together with investment promotion strategies. The debate was moderated by the Executive Chairman of the African Energy Chamber, NJ Ayuk.

Bruno Itoua highlighted the regulatory and technical advances made by the Angolan government, praising the efforts led by Diamantino Azevedo to follow a "reference strategy" for the development of the country's oil sector, according to a statement sent to VerAngola.

The Congolese minister also highlighted the progress made by Sonangol in its transition from a national oil company to a global integrated energy company.

He also referred to Chevron's Lianzi project in the Republic of Congo as an example of effective cross-border development where operational efficiencies can be created in different jurisdictions. "Cooperation among African oil producers is critical to ensuring the continued growth of our energy sectors," noted Itoua.

Collaboration between the Organization of African Petroleum Producers (APPO) and the Organization of Petroleum Exporting Countries (OPEC) in adjusting to the transition to clean energy and in promoting monetization and gas utilization was also at the center of the ministerial debate.

The two ministers were on stage during the first panel of the Angola Oil & Gas conference, which marked the beginning of the second edition of the event in the country, developed in collaboration with the Ministry of Mineral Resources, Oil and Gas of Angola and organized by Energy Capital & Power.

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