Africa-Press – Angola. The Oil and Gas Ministry of Mineral Resources will focus, in 2023, on the production and promotion of rare minerals to boost the energy transition, said yesterday the head of the sector, Diamantino Azevedo.
The minister, who made these statements at his department’s end-of-year greetings, stressed that the production and promotion of rare minerals to boost the energy transition is one of MIREMPET’s priorities for the year ahead.
On the occasion, he also stressed that Angola has the fundamental mineral resources for the energy transition, being only necessary to study and exploit them in order to achieve this objective.
Diamantino Azevedo also referred that the energy transition is not a linear and disruptive process, it must be inclusive and not generate new energy poverty and inequality.
On the other hand, he said that Angola has assumed commitments and has given “life” to projects that take into account the environment and sustainability, but there is also the awareness that the oil industry will continue to be a pillar.
“The oil industry will continue to be a pillar of development for African countries and must adapt to new needs”, highlighted the minister.
Regarding environmental issues, Diamantino de Azevedo said that Angola has been marking steps towards reaching the ideal milestones, hence it has invested in projects such as photovoltaic energy in Huambo and Huíla, through Sonangol in partnership with ENI.
The green hydrogen project, through Sonangol and German partners, the biofuels project, as well as support for mangroves, are part of the environmental vision.
About oil production
Angola maintained its position as the second largest African producer of crude oil in OPEC, behind Nigeria. Nigeria, the African leader in oil production, saw its daily production also decrease, to 1.472 million barrels, although its growth was higher, with around 10,000 barrels per day.
However, from 2016 to May 2017, Angola was the leader in oil production in Africa, a position it has since lost to Nigeria. Production in Nigeria was conditioned, between 2015 and 2016, by terrorist attacks, armed groups and internal political instability.
A recent OPEC report also mentions that, in terms of “direct communications” Angola will have produced 1.219 million barrels per day in November, 25 thousand more barrels per day than in the previous month.
In the case of Nigeria, daily production stood at 1.329 million barrels in November, although it recorded a decrease of around 18 thousand barrels per day compared to the previous month.
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