Angola’s Oil Sector Records US$99 Billion in Investments Over Eight Years

Luanda -Angola’s oil sector recorded accumulated investments of around 99 billion US dollars between 2017 and 2025, with a further 66 billion expected to be invested over the next four years.

The figures were announced on Thursday in Luanda by the Minister of Mineral Resources, Petroleum and Gas, Diamantino Azevedo, at the opening of the 5th Annual Local Content Conference in Angola.

According to the minister, these investments are the result of the structural reforms introduced in the hydrocarbon…