Angola’s National Oil Company to Sponsor Angola Oil and Gas 2021

Angola’s national oil company Sonangol has officially been confirmed as the primary sponsor of the upcoming Angola Oil and Gas (AOG) 2021 conference, taking place in Luanda on the 9th-10th of September 2021. As Diamond Sponsor, Sonangol is the official sponsor of the AOG 2021 gala dinner, an exclusive, invite-only networking event that unites private sector executives, oil and gas leaders, and government representatives. With Angola seeking to diversify its energy portfolio and attract further investment across the entire energy value chain, Sonangol’s sponsorship and participation is set to enhance energy partnerships and drive critical deals across Angola’s sector. In fact, this sponsorship represents AOG 2021’s latest VIP confirmation, with several industry leaders having already committed to the most exclusive energy event of the Angolan calendar. Angola Oil and Gas is Angola’s premier energy conference. This year (2021) is the second edition and will take place at Centro de Convenções de Talatona (CCTA) in Luanda on the 9th-10th of September 2021. It will unite oil and gas industry leaders, international stakeholders, and regional governments in one comprehensive platform. Sonangol is the third largest company in Africa and one of the continent’s leading national oil companies and is expected to drive an Angola-focused narrative, reiterating the value of new and existing projects, showcasing the abundant opportunities present across the entire value chain, and promoting Angola as the premier destination for international investment. Sonangol is responsible for the management, operation and marketing of Angolan oil and gas exploration, production, manufacturing, transportation and marketing, and is focused on the sustainable and harmonious development of the country’s energy sector, driving economic growth and industrialization country wide. As a key participant at AOG 2021, Sonangol will present an update on the company’s regeneration program – which aims to restructure the company in a bid to increase profitability and transparency and position it as an internationally competitive oil major. Focusing on the company’s core oil and gas activities, Sonangol will present attendees with an overview of current operations, potential investment opportunities, and overall objectives. What’s more, Sonangol’s participation is expected to drive a discussion on the various upstream opportunities available in Angola. With the company unveiling an ambitious plan to fast-track the sale of eight offshore blocks in June 2021, Sonangol is actively seeking partners to advance Angola’s oil and gas sector, driving new exploration and production activities in a bid to spur socio-economic growth and energy independence. Meanwhile, with the company’s established Strategic Goals defined for 2018-2022, Sonangol is redirecting its focus towards strengthening the company’s presence in the oil value chain, enhancing human capital across the entire sector, and increasing its technical capacity. The national oil company’s primary mission is to “contribute to the sustainability and growth of the national oil industry, in order to guarantee a greater return to the Angolan State, supporting the participation of companies and national staff in the sector’s activities for the socio-economic development of Angola.” Accordingly, backed by Angola’s premier energy conference, AOG 2021, Sonangol is committed to ensuring natural resources reap tangible benefits for Angola. “We want to ensure that current and future investments are adequately exposed to favorable business opportunities. The Angola Oil and Gas Conference 2021 is an ideal platform to connect investors with stakeholders and to stimulate foreign direct investment in the oil and gas industry,” states Joao Gaspar Marques, International Conference Director for Energy Capital and Power (ECP), the organizer of the event. Under the theme Angola Oil and Gas Industry: The Roadmap to Regeneration & Growth, AOG 2021 will address current government reforms within the industry, the country’s tax incentive packages, and the recent licensing round announcement for onshore blocks in the Lower Congo and Kwanza basins – which has already attracted several bids from both regional and international oil and gas operators. This article was from a press release distributed by APO Group. You can start earning money by becoming our Independent Reporter or Contributor. Contact us at IR@downtownafrica.com Want to read more about the Africa other media don’t usually focus on? Go to [https://downtownafrica.com/subscribe/