Africa-Press – Angola. The National Assembly (AN) proceeds, this Thursday (23), to discuss and vote on the Bill that authorizes the President of the Republic, as holder of the Executive Power, to Legislate on the alteration of the Tax Regime Applicable to the Concession Oil company in the Maritime Zone of Cabinda (Block-0).
The AN’s specialized commissions, due to the matter, approved this Wednesday the Joint Opinion Report of the said Bill, which will be discussed and voted on at the 4th Ordinary Plenary Meeting of the 1st Legislative Session of the V Legislature.
The Diploma aims to leverage the socio-economic development of the province of Cabinda, through the application of tax benefits with a direct impact on the local business fabric and on the lives of the people, increasing the level of own income and improving people’s quality of life.
Deputy Manuel da Cruz Neto, from the MPLA, said that the document was approved in 2022, but its publication had some errors. “So the Executive understood, for good, to send it back to Parliament, to conform it and introduce other elements that could make the bill more attractive for investors in Block-0 in Cabinda”.
Deputy Berta Marciano, on the other hand, asked the Executive for more attention in relation to the exploration that is practiced in the maritime zone of Cabinda, because of some oil spills in Block 0, “which have caused many problems for fishermen and are not compensated”.
Block 0, where the Lifua A platform is installed, is located about 30 miles from the coast of Cabinda.
A total of four concessionaires operate in Block 0, namely Cabinda Gulf Oil Company, a subsidiary of Chevron, Sonangol EP, Total Petroleum Angola Limited and ENI Angola Production BV. Chevron is the second largest concessionaire in Block 0 after Sonangol EP.
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