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Serving as significant players providing sizeable contributions to the country’s GDP while creating jobs and supplying essential services to its citizens, Angola’s state-owned companies are fundamental towards allowing the government to effectively manage the growth and robustness of its economy.
Unprecedented growth in Angola’s energy sector as a result of private sector participation, in addition to many major developments expected to come online in the medium-term, are poised to offer unparalleled opportunities for investors and project developers to participate in the country.
Responsible for the exploration, production, manufacturing, transportation and commercialization of hydrocarbons in Angola, the country’s state-owned oil company, Sociedade Nacional de Combustíveis de Angola (Sonangol), is one of the largest companies in Africa and the largest oil producer on the continent.
Serving as the cornerstone of Angola’s economic success, Sonangol is the exclusive licensee for the exploration of oil and gas in the country and plays a decisive role in the monetization of the country’s natural gas reserves, ensuring consistent energy supplies are brought onto the regional market while spurring local content development and revenue generation.
Through its strategic partnerships and engagement with investors and project developers, the national oil company has proven itself essential for the development of a sustainable economy through the introduction of tax incentives, the opening of licensing rounds and the implementation of regulatory reforms that have served to advance Angola’s position as one of the most favorable investment destinations on the continent.
Serving as Angola’s national concessionaire, the National Agency of Petroleum, Gas and Biofuels (ANPG) is responsible for the regulation, supervision, promotion, and execution of petroleum activities in the country’s oil, gas, and biofuels sectors. The ANPG was created in 2019 to ensure effective political coordination while improving the conditions for private investment activities in the national oil industry.
The agency is responsible for negotiating new agreements and organizing tenders with various stakeholders in Angola’s oil and gas blocks through the development of exploration activities, thus bringing international recognition to the southern African country’s energy sector and its stakeholders.
As part of the ANPG’s efforts to tender more than 50 blocks between 2019 and 2025, the concessionaire has announced that it will launch a tender for the exploration of onshore basins within Angola’s Lower Congo and Kwanza Basins. The tender is set to open in late-September 2023 and will be open to national and foreign entities.
Empresa Nacional de Distribuição de Electricidade
The Empresa Nacional de Distrbuição de Electricidade (ENDE) is Angola’s national electricity distribution company. The public company is responsible for the distribution and commercialization of electricity, as well as the maintenance and repair of distribution networks and consumer billing throughout the southern African country.
With electricity considered a critical component for socioeconomic development in Angola by the country’s Government, an ambitious interconnection project will see the connection of three regional electricity networks – the northern, central, and southern networks – to create a national network with higher voltage levels. The project will be overseen by ENDE and Angola’s Ministry of Energy and Water and will result in an increased number of substations and a 16,359km interconnected transmission line that will support rural and urban electrification.