Energy Capital & Power

US to Invest $2 Billion in Angola’s Oil and Gas Projects

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The United States Secretary of State, Mike Pompeo has confirmed that several American firms operating in the oil and gas sector are willing to invest more than $2 billion in Angola’s oil and gas projects.

The US State Secretary attended a meeting organized by the US Angola Chamber of Commerce, with Angola’s Minister of Foreign Affairs, H.E. Manuel Domingos Augusto, where the US diplomat mentioned that America wanted to be a good partner to the people of Angola.

The State Secretary also commended President João Lourenço’s fight against corruption and his drive for economic transparency in Angola, and added that this agenda needs to be supported.

“We want to help hold responsible all who have embezzled Angolan money as we do in other countries,” said Pompeo.

President Lourenço said that his government’s goals were private investment, regional health, fighting corruption and restoring the country’s assets.

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Sihle Qekeleshe is a Web Editor at Energy Capital & Power. She has experience as a Copywriter and Editor in various industries.