Africa-Press – Angola. The president of the Association of Service Providers of the Angolan Oil Industry (AECIPA), Bráulio de Brito, defended in Luanda the need for commercial banks to finance companies in the sector, to empower them and be more robust.
Regarding the Legal Regime on Local Content, he considers the non-existent financial capacity of national companies to be able to evolve at the height of large expatriate companies to be worrying.
“ What we would like, in an ideal scenario, is to have banking to complement the real estate funds that have been emerging in our country. We cannot work exclusively with one or the other, banking, due to its role and its presence in our sector and in the national economy, should always be a partner, in the case of companies providing services, but also real estate funds” , he said.
Bráulio de Brito made it known that AECIPA has been creating a communication platform, creating mechanisms of opportunity, “whether in terms of banking, or in terms of securities funds that are emerging, or others that are being created, so that really we can have this introduction of improving the financial capacity of companies”.
He added that with the introduction of finance, companies will be able to be technologically robust enough and “thus be able to be competitive, because without competitiveness we do not have efficient services, which obliges us to always revert to the effectiveness and efficiency of foreign companies”.
In his opinion, national companies have to be more competitive, more efficient, “resulting in greater financial capacity to become, then, able to compete with the market and provide that service of excellence that is required, not only in terms of oil and gas sector, but at the level of any industry”.
AECIPA has more than 170 members and is focused on continuing to be the voice of the sector and the main partner of the Ministry of Mineral Resources, Oil and Gas, the National Agency of Petroleum, Gas and Biofuels, operating companies and all other agents. governmental bodies and others, which in one way or another, contribute to the good performance of the Angolan Oil Industry, in supporting the social and economic development of Angola.
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