Angola, U.S. Sign Trade Agreement
The trade agreement focuses on private sector growth and investment in key sectors.
Read the latest Archives of oil, gas and energy news.
The trade agreement focuses on private sector growth and investment in key sectors.
Angola’s 2025 project pipeline supports the country’s goals of maintaining crude output above one million bpd while spurring diversification through investments in natural gas and renewable energy.
The USAID mission aims to strengthen U.S.-Angola relations by reinforcing strategic partnerships.
Angola’s economy relies strongly on oil revenues.
The companies signed an agreement for the development of a 2,300 metric tons per day ammonia plant in Soyo.
A Risk Service Agreement and all Auxiliary Commercial Deals have been signed to expedite the project.
The $250 million project will create 1,000 jobs while driving economic diversification in Angola.
From policy implementation and project advancement to international events and offshore discoveries, Angola’s industry milestones in 2024 pave the way for a robust year in 2025.
The expansion project will include adding a new processing unit and mini train of three million tons of natural gas.
The country is expected to make FID on several projects in the coming months, with pro-investment policies driving further growth.