Angola’s New Oil Agency Now Official

Wednesday, August 29, 2018

The news reported by Petroleum Africa on August 21 that Angola’s President João Lourençoplanned to establish a new national agency to undertake the management and sales of petroleum concessions in the country has been made official by a Presidential Order. By means of Presidential Order No. 112/18, of August 24, 2018, the president appointed the Steering Committee of the National Oil and Gas Agency (ANPG).

According to the new statute, the Steering Committee shall be responsible for, inter alia, leading the process for creating the ANPG and setting up the framework for the transfer of the National Concessionaire’s role from Sonangol, E.P. to ANPG.

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