Oil ministers, multinationals, main players in Luanda for Angola Oil & Gas Conference

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Oil ministers, multinationals, main players in Luanda for Angola Oil & Gas Conference

11:54 CAT | 13 Sep 2023

Image: Energy Capital & Power

Oil ministers from five countries and heads of the sector’s main organisations and multinationals will be in Angola this week for the of the Angola Oil & Gas (AOG) Conference & Exhibition – which kicks off this Wednesday at Centro de Convenções Talatona (CCTA) with a focus on energy security, decarbonisation and sustainable development.

It is here! Day 1 of Angola Oil & Gas 2023 has officially arrived.🇦🇴

Stay tuned today as we give you first-hand insight through live tweeting, behind-the-scenes footage on Instagram: https://t.co/xpr8rpkFlY and in-depth coverage on our website: https://t.co/Wr5YZeKk7r #AOG2023 pic.twitter.com/Q9pO1mSQ7m

— Energy Capital & Power (@EnergyCapPower) September 13, 2023

In addition to the minister from the host country, Diamantino Azevedo, the heads of the hydrocarbons, oil and mineral resources portfolios from Equatorial Guinea, which also chairs the Organisation of Petroleum Exporting Countries (OPEC), Senegal, the Democratic Republic of Congo and Venezuela will be at the convention centre in Luanda on Wednesday and Thursday.

The leaders of the world’s major oil companies, such as TotalEnergies, BP and Chrevron, will discuss decarbonisation strategies and global trends in the upstream production sector, as well as investment opportunities to counteract the decline in production in Angola.

The mobilisation of capital to develop infrastructure, especially refineries, will be addressed by heads of financial institutions and investment funds and there will also be a session dedicated exclusively to women in the sector, with seven female speakers.

Optimising Angola’s gas potential is another topic on the agenda, taking into account the role of this resource as a transitional energy.
Angola is emerging as an important player in this sector, with the first non-associated gas project underway – Quilima and Maboqueiro – which is due to start up in 2026 and involves a consortium operated by Azule Energy, with TotalEnergies, Chevron and Sonangol as partners.

Several agreements will also be signed over the course of these two days, including one between Azule Energy (which partners BP and Eni in Angola) and Angolan state oil company Sonangol, for decarbonisation initiatives, and another involving Ambipar and Kini Energias, for the installation of an industrial unit for waste suction equipment.

Expanding and promoting the exploration of new discoveries, ensuring the participation of Angolans in the main sector of their economy, achieving self-sufficiency in fuels, addressing the narrative of a just energy transition, developing natural gas resources and other alternative energy sources, guaranteeing economic development, are the main highlights of this event organised by consultancy firm Energy Capital &Power.

Source: Lusa