Ver Angola


Government approves amendments to the investment contract for the Angola LNG project

Last Wednesday, the Government approved amendments to the investment contract for the Angola LNG project, in order to allow the factory to continue operating, according to a statement from the Council of Ministers.


The document to which Lusa had access does not specify the changes negotiated between the Ministry of Mineral Resources, Oil and Gas, the National Agency of Petroleum, Gas and Fuels, Angola LNG Limited, the state oil company Sonangol and the multinationals in the sector Cabinda Golf Oil Company Limited (Chevron), BP Angola, Total LNG Angola and Eni Angola Production BV.

The project's investment contract, one of the largest in the Angolan oil and gas industry, dates back to 2007.

The project plans to collect, process and launch 5.2 million tonnes of liquefied natural gas (LNG) annually on the global market and also supply the Angolan market to help meet the energy needs of industry and local consumption.

The Council of Ministers also approved the extension of the date of the first crude oil survey in the Gardénia Forsythia development area, in Block 17/06 until September 30, 2024 to ensure the continuity of the studies.

The session also considered the preliminary version of the bill on the new administrative political division that provides for the clarification of intermunicipal and interprovincial border limits and the change from the current 18 to 20 provinces, as well as from 164 to 581 municipalities.

The proposal for a General Labor Law was also appreciated for submission to the National Assembly, "a diploma that contains a set of adjusted rules" to the "social and economic reality of the country, whose objective is to conform legal and labor relations with the constitutional principles and international labor conventions".

Among the amendments contemplated in the proposed law are the establishment of telecommuting on an indefinite contract, as well as specific labor rules for student workers.


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