Angola's $60Bn Oil and Gas Investment Prospect

Angola has secured over $60 billion in commitments for upcoming oil and gas projects, attracting both established and new operators. The National Agency for Petroleum, Gas and Biofuels (ANPG) is implementing a strategy that streamlines licensing processes, reducing response timelines for investment proposals to under 30 days. Furthermore, the agency is focusing on increasing private sector investments while ensuring high returns. Angola’s oil production has maintained average production above 1.1 million barrels per day despite global energy demand challenges, showing commitment to enhancing its energy market position.