Africa-Press – Angola. National and foreign investors in the Angolan oil sector advocated, Wednesday, in Luanda, the need to reduce the current tax rate on oil production in Angola, set at 20%, with a view to strengthening the capture of new investments in the country.
In response to this claim, the executive administrator of the National Oil, Gas and Biofuels Agency (ANPG), Ana Miala, announced, soon, the publication of a decree on incremental production, which will also include the relief of the tax burden in the blocks oilfields under exploration.
Speaking to the press, at the end of the first Offshore Exploration Forum, held on the 21st and 22nd of this month, in the Angolan capital, the person responsible said that this diploma will also allow the recovery of research wells drilled in a non-commercial block, a reality that the current law does not provide for.
In addition to this document, he recalled that, recently, laws were adjusted to align the oil sector with the current global context, aiming to create a more favorable and competitive environment for investors, in addition to ensuring greater transparency and legal security for investments.
“We are committed to contractual stability and flexible to make adjustments that benefit the parties involved in the oil exploration process in Angola”, he assured.
On the other hand, Ana Miala pointed to “zero pollutant emissions” and the prevention of future obstacles in the national oil industry as two of the main commitments and goals to be achieved by Angola by 2050.
When speaking at the closing ceremony of the aforementioned forum, the ANPG administrator considered Angola as one of the few countries in the world that is aligned with the “green agenda”, to ensure environmental responsibility.
As for the forum, technician Joaquim Pedro, from the Angolan company Halliburton, considered the event as an opportunity for Angola to emphasize local content and for companies to participate in what is the business of the oil sector.
The first Offshore Exploration Forum, promoted by ANPG, aimed to consult national and foreign investors operating in Angola, to make the business environment more attractive to investments, as well as transform the country increasingly competitive.
For two days, more than 30 companies analyzed and identified best practices for oil and gas exploration in the Angolan offshore.
Event participants also had the opportunity to find out about the projects available for exploration in 2025. On the same occasion, TotalEnergies took the opportunity to present its project called Kaminhos-Bloco 20, located in the Kwanza basin, with an estimated reserve of 400 million barrels of oil.
Within four years, this block is expected to produce 70 thousand barrels of crude per day.
ANPG, created by Presidential Decree No. 49/19, of February 6, results from the reorganization program of the oil sector in Angola, becoming the National Concessionaire, a role previously held by Sonangol.
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