Ver Angola


OPEC praises reforms implemented by Angola in the oil sector

The secretary general of the Organization of Petroleum Exporting Countries (OPEC), Haitham Al Ghais, praised the reforms implemented by Angola in the oil sector in the last five years.


The compliments were made this Tuesday at the opening of the Third Conference and Exhibition "Angola Oil and Gas 2022", which takes place in Luanda until Thursday, December 1st, with the theme "Promoting an inclusive, attractive oil and gas industry and innovative in Angola".

In his speech, Haitham Al Ghais referred that the measures make it possible to attract more investment in production and refining.

"New agencies and bodies were established in the regulatory sphere, policies were harmonized, as well as both management and transparency were also improved", he pointed out, quoted in a note from CIPRA, which VerAngola had access to.

According to the note, the OPEC official also saluted Angola "for the tireless effort made in defining strategies and approving decisions that have led to the stabilization of the international oil market".

In his speech, the statement said, the secretary general of OPEC highlighted that since joining the organization, Angola has presided over the Conference twice, in 2009 and in 2021, a year considered "the most difficult in the history of the oil industry" because of of the economic crisis "assisted around the world" caused by the emergence of the covid-19 pandemic.

These factors, according to the official, forced the taking of unprecedented decisions and the creation of committees with the aim of carrying out "deep and objective reflections", with a view to reducing the harmful consequences to the world economy.

He also recognized that João Lourenço, on several occasions, reiterated Angola's commitment to strengthening the "principles of multilateralism and international cooperation, as the most effective means of facing current challenges".

He also took the opportunity to emphasize that the organization will continue to "count on Angola's contribution" and that the OPEC general secretariat will be "always available" for the necessary support.

"OPEC will continue to count on Angola's contribution and the organization's general secretariat will always be available for any support that may be necessary", he said, adding that the country's achievements are still visible and intelligent, within the scope of the transition process. energy.

Also this Tuesday, the secretary general of OPEC held a meeting with the President of the Republic, where the panorama of the oil industry and market in Angola and internationally, among other subjects, were at the center of the conversation.


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