Luanda - The 5th edition of the Angola Oil & Gas international conference will take place between the 2nd and 3rd of October this year, in Luanda, with the aim of debating energy issues and finding solutions to boost exploration and attract private investment for increase oil production levels in Angola.
For two days, global investors, businesspeople, entrepreneurs and companies from the public and private sectors, as well as experts from more than 80 countries will come together to discuss the current state of the oil sector in Angola, particularly technological advances and investments, levels of production, as well as the challenges for increasing production.
This is an event co-organized by Energy Capital & Power (ECP), with the close cooperation of the Ministry of Mineral Resources, Oil and Gas (MIREMPET), in partnership with the National Agency of Petroleum, Gas and Biofuels (ANPG), Petroleum Derivatives Regulatory Institute (IRDP) and Sonangol.
According to the organization's director, Luís Conde, one of the purposes of the event is to provide a unique platform for oil industry leaders, investors and Angolan authorities so that together they can find solutions for the growth and development of the Oil and Gas sector in Angola.
To this end, the event reserves several panels, such as the strategic vision of strengthening Angola's vision in the global energy scenario, a technical workshop in the areas of “upstream, midstream and downstream”, with a focus on negotiations with a view to boosting attracting investments.
Specifically, one day before the official opening of the event, there will be a summit on green hydrogen in Africa.
In the first event, strategic meetings will be held that will focus on the state of the sector and the imminent future of the oil industry in the region.
On the second and last day there will be an exhibition center, with demonstrations of products, processes and technological and innovative solutions, as well as space for “Net working” and a “Round Table”, with the great leaders present at the event.
Also on the last day there will be technical visits to certain reference places.
The event organizers expect to have over three thousand participants, both in-person and virtual, and more than 80 countries, with their companies, have already confirmed their presence.
In the view of the organizer, which also has a partnership with the Association of Companies Providing Services in the Angolan Petroleum Industry (AECIPA), the event will mark the experience of the four previous editions to boost “new investment flows” in the national economy, through the debate on “the most urgent topics in the country’s oil industry”, aiming to build a future based on the sustainable development of oil and gas.
On the occasion, the secretary of State for Oil and Gas, José Barroso, said that this activity focuses on interaction and attracting investors to research and discover new fields for exploration.
For the official, this event represents an opportunity for private operators and government authorities to combine efforts to boost production and diversify the country's economy.
In turn, the AECIPA's deputy-director, Luís Lago de Carvalho, said that this organization has more than 200 members who face many challenges, particularly linked to what he understands as excessive taxes from the General Tax Administration (AGT), application of the Law of Local Content, as well as the ease for companies to have their processes handled quickly.
The Oil & Gas conference is an international platform for the promotion of Angola, among political and business decision-makers around the world, and also an important stage for the presentation of new trends and new services for the oil sector.
Likewise, it is characterized as an instrument for boosting the local economy by attracting a significant number of foreign delegates to the Angolan capital, who have boosted the hotel and restaurant sector, creating temporary, direct and indirect jobs.
In September 2023, 2.213 delegates were in Luanda, from 41 countries, 73 speakers, mostly international, and representatives of 389 companies. The fourth edition created 445 jobs between nationals and foreigners.
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