{"id":8191,"date":"2022-05-18T13:17:54","date_gmt":"2022-05-18T13:17:54","guid":{"rendered":"https:\/\/www.africa-press.net\/angola\/all-news\/africa-has-great-opportunity-to-invest-in-energy-transition"},"modified":"2022-05-18T15:36:05","modified_gmt":"2022-05-18T15:36:05","slug":"africa-has-great-opportunity-to-invest-in-energy-transition","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/angola\/all-news\/africa-has-great-opportunity-to-invest-in-energy-transition","title":{"rendered":"Africa has \u201cgreat opportunity\u201d to invest in energy transition"},"content":{"rendered":"

Africa-Press – Angola. <\/strong><\/span>The Angolan vice president of Chinese oil company Sinopec, Paulo Pizarro, considered Monday that Africa and Angola have a \u201cgreat opportunity to invest seriously\u201d in the energy transition and must \u201covercome political barriers\u201d, seeking to create a sustainable industrial sector.<\/b><\/p>\n

According to the vice president of Sinopec Angola, a Chinese oil company focused on distribution and refining, Paulo Pizarro, there is an energy transition process underway \u201cand, on the other hand, there are many opportunities and also many challenges in Africa\u201d.<\/p>\n

“I think that the energy transition and investments in the energy transition is a long process and Africa cannot be delayed in this and Angola much less, we have to start investing now, we have a very high potential”, said the official.<\/p>\n

Angola “has already made an agreement with Germany, in relation to hydrogen, and we believe that there is great potential for us to develop hydrogen, the energy of the future, from solar and water energy”.<\/p>\n

“We have great potential in Angola and Africa and we cannot go through the argument of using fossil fuels, to make the transition later, we have an opportunity to seriously invest in this energy transition now,” he told journalists.<\/p>\n

Speaking on the sidelines of the opening ceremony of the eighth edition of the African Petroleum Congress and Exhibition (CAPE VIII), which takes place in Luanda, the sector businessman pointed out “political barriers” as “some of the constraints” that must be overcome.<\/p>\n

“I think it’s a matter of carrying out a study, of overcoming the various barriers, which are often political, to implement the energy transition”, he highlighted. Political will, because, argued Paulo Pizarro, “there is a concept that the oil industry produces very high revenues, although it is very complex, it is easy to make agreements and develop the extractive industry in Africa\u201d.<\/p>\n

“That, in essence, is the main source of income for many African countries and it is necessary to overcome this”, he noted. “Energy Transition, Challenges and Opportunities in the African Oil and Gas Industry” is the motto of CAPE VIII, which brings together, in Luanda , the 15 APPO members and five other observer countries.<\/p>\n

At the congress, promoted by APPO, with the support of Angola and operators in the sector, the topic of renewable energies “is also an opportunity to promote collaboration between the various African countries, between companies and regulators from the various countries, to overcome such obstacles and create some sustainable industry\u201d.<\/p>\n

For More News And Analysis About Angola<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Angola. The Angolan vice president of Chinese oil company Sinopec, Paulo Pizarro, considered Monday that Africa and Angola have a \u201cgreat opportunity to invest seriously\u201d in the energy transition and must \u201covercome political barriers\u201d, seeking to create a sustainable industrial sector. According to the vice president of Sinopec Angola, a Chinese oil company […]<\/p>\n","protected":false},"author":84,"featured_media":8190,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,8,16],"tags":[233,337,329],"class_list":["post-8191","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-angola","tag-angola"],"yoast_head":"\nAfrica has \u201cgreat opportunity\u201d to invest in energy transition - Angola<\/title>\n<meta name=\"description\" content=\"The Angolan vice president of Chinese oil company Sinopec, Paulo Pizarro, considered Monday that Africa and Angola ha ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/angola\/all-news\/africa-has-great-opportunity-to-invest-in-energy-transition\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Africa has \u201cgreat opportunity\u201d to invest in energy transition\" \/>\n<meta property=\"og:description\" content=\"The Angolan vice president of Chinese oil company Sinopec, Paulo Pizarro, considered Monday that Africa and Angola ha ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/angola\/all-news\/africa-has-great-opportunity-to-invest-in-energy-transition\" \/>\n<meta property=\"og:site_name\" content=\"Angola\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-18T13:17:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-18T15:36:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/angola\/sites\/65\/2022\/05\/img-6285124474387.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/africa-has-great-opportunity-to-invest-in-energy-transition#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/africa-has-great-opportunity-to-invest-in-energy-transition\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/angola\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Africa has \u201cgreat opportunity\u201d to invest in energy transition\",\"datePublished\":\"2022-05-18T13:17:54+00:00\",\"dateModified\":\"2022-05-18T15:36:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/africa-has-great-opportunity-to-invest-in-energy-transition\"},\"wordCount\":426,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/africa-has-great-opportunity-to-invest-in-energy-transition#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/angola\/sites\/65\/2022\/05\/img-6285124474387.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Angola\",\"Angola\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/angola\/all-news\/africa-has-great-opportunity-to-invest-in-energy-transition#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/africa-has-great-opportunity-to-invest-in-energy-transition\",\"url\":\"https:\/\/www.africa-press.net\/angola\/all-news\/africa-has-great-opportunity-to-invest-in-energy-transition\",\"name\":\"Africa has \u201cgreat opportunity\u201d to invest in energy transition - 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