Africa Monitor

Africa Monitor Intelligence

Angola: New Incentives to Relaunch Oil and Natural Gas

The current favorable environment for oil prices, despite high volatility, has allowed the Government to correct some of the main imbalances in public accounts and to cut national debt (AM 1361), favoring savings in interest payments, which should translate into greater slack budget in the coming years.

At the MinPetro level, the reanimation of demand for oil and gas and of some oil projects, due to the rise in prices, is being seen as an opportunity to reverse the downward trend in oil production and ensure the viability and relaunch of the natural gas industry (Angola LNG Project). READ MORE