twitter Facebook linkedin acp RSS Feed

Angola’s minister of mineral resources, petroleum and gas HE Diamantino Azevedo announced the launch of Sonangol’s initial public offer (IPO) programme during Angola Oil & Gas (AOG) 2021, which took place from September 9-10 in Luanda

oil well 16 septSonangol centre of excellence for research and development will play a crucial role in Angola's upstream sector. (Image source: Adobe Stock)

“The IPO programme is part of the long-term strategy of the national oil company regeneration initiative. It started in the early stages when we separated the role of concessionaire and regulator, through the creation of the Agência Nacional de Petróleos, Biocombustíveis e Gás and the divestment of no-essential businesses to focus on core oil and gas activities," he said.

“Now, in the final stages of the regeneration initiative, we are thrilled to invite all interested parties in Angola and around the world to own a stake in Africa's third-largest oil and gas company that will champion Angola's energy industry into the next era of energy."

Meanwhile, the minister also stated that the Sonangol centre of excellence for research and development, which is currently under construction, will play a crucial role in Angola's upstream sector, as well as in its clean energy initiatives.

The future of Angola's energy industry took centre stage during the opening day of AOG 2021, the second edition of Angola's most significant energy event.