According to a statement from CIPRA, to which VerAngola had access, the aforementioned proposal considered by the body will subsequently be sent for approval to the National Assembly.
Still within mineral resources, oil and gas, it was equally appreciated the presidential legislative decree related to the same matter, "which determines the exemptions from Value Added Tax for the new gas consortium, defines the VAT refund mechanics and the compensation policy applicable to those oil entities".
On the occasion, the Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, said that the "proposed legislative authorization laws on tax incentives applicable to block 49 and 50 concessions and the respective presidential legislative decrees, which aim to change the tax regime of the aforementioned concessions", in order to guarantee conditions that "guarantee the profitability and sustainability of oil operations in these blocks".
Quoted in the note, the government official added that these blocks are located "in deep waters of the Lower Congo basin and that they will prove to be important for the continuity of oil search activities and that, if successful, they will contribute to accentuating the decline and contribute to the stability of oil production in our country".
Furthermore, the note adds, the presidential decree regarding the "attribution of the concession for prospecting, research, evaluation, development and production of liquid and gaseous hydrocarbons in the concession area of block 14/23", in the maritime zone of common interest between Angola and the Democratic Republic of Congo, through "a production sharing contract, in order to contribute to the increase in oil production for both countries" was also analyzed.
The minister explained that "this is a process that began more than 20 years ago between the two countries, with the signing of documents, discussions and negotiations that did not bring many tangible results, until, at the beginning of the President of the Republic's term, João Lourenço, we were given the mission, to the sector, of completing this process".
Diamantino Azevedo highlighted that, over the last five or six years, the Government has worked intensely, which culminated in the signing, in July of this year, of the "governance agreement for the area of common interest between the two countries and, subsequently, other agreements were established, which, today, allow the National Petroleum Agency to sign the agreement with its counterpart in the Democratic Republic of Congo".
Along the same path, other documents were also approved, including the presidential decrees that determine the attribution of the Investment Premium to the Block 24 Concession Area and "which validates the amendment to the Cabinda Maritime Zone Oil Concession Association Contract (Block 0), signed between Sonangol, CABGOC, Azule Energy and Total Energies".
Among other presidential decrees with approval, those regarding the Rights of Prospecting, Research, Evaluation, Development and Production of Liquid and Gaseous Hydrocarbons in the Concession Area of blocks 49 and 50 stand out.
Also noteworthy is the approval of the Presidential Decree that formalizes Angola's departure "as a full member of the Organization of Petroleum Exporting Countries (OPEC)", with effect from January 1st of next year.
Subsidy agreement aimed at development goals between Angola and the USA with 'green light'
This Thursday, the Council of Ministers also approved the Subsidy Agreement Aiming for Development Goals between Angola and the United States of America (USA). "The bilateral cooperation instrument that aims to strengthen the partnership between the two countries represents a mutual commitment to economic, social and humanitarian development and reflects the will of both parties to work together to promote sustainable development and the resilience of the population Angola", reads another statement from CIPRA, to which VerAngola had access.
The meeting chaired by the President of the Republic also approved the Organic Statute of the Military Intelligence and Security Service, the General Regulation of Science, Technology and Innovation Awards, the Regulation of Community Surveillance Councils, the new Organic Statute of the Training Center for journalists (CEFOJOR), as well as the diploma that determines the "norms and procedures on licensing for the exercise of pharmaceutical activity".
Among the documents considered by the body, the proposed law on the Amendment of the Political-Administrative Division of Angola also stands out. According to a press release from the session – cited by Angop –, this document, which will be submitted to the National Assembly, aims to promote greater control of the national territory, as well as bringing public services closer to citizens, among others.
