Browsing: Angola National Development Plan 2018–2022

• Angola’s oil and gas sector has been placed at the forefront of African energy investment.
• Angola has regulatory reforms, infrastructure development, and exploration strategies in place.
• Natural gas will play a crucial role in the global effort to reduce carbon emissions. Angola has 13.5 trillion cubic of natural gas.

Over the past 30 years, massive Angolan oil and gas reserves have steadily positioned the southern African country as a top destination for investors. Strong returns on investment from Angolan oil and gas are now attracting even more global market players. The country’s oil-rich acreage is paying great dividends.

Angolan oil and gas current production

The nation is currently ranked as the top oil producer in sub-Saharan Africa. Angola boasts of having confirmed reserves of 11 trillion cubic feet of natural gas and nine billion barrels of oil. The majority of these reserves are found in offshore fields, especially in the …