<\/p>\n
As demand for energy in Angola and the region continues to grow, the need for energy infrastructure such as refineries grows more evident, creating new investment opportunities for energy security. As such, the first day of the Angola Oil & Gas (AOG) 2023 conference and exhibition featured a panel discussion exploring recent achievements in the expansion of refinery projects in Angola as well as prospects for further energy infrastructure investments.<\/p>\n<\/p>\n
Moderated by Pedro Letra, Assurance Partner at EY, the panel discussion, titled \u2018Mobilizing Capital for Angola\u2019s Infrastructure<\/em>\u2019, featured the participation of Marcus Weyll, Angola CEO, Gemcorp Capital; Gerson Santos, Executive Administrator, ANPG; H\u00e9lder Lisboa, Director of Strategy and Portfolio Management, Sonangol; Jacob Flewelling, Africa Investment Advisor, U.S. International Development Finance Corporation; and Gwen Mwaba, Director and Global Head of Trade Finance, Afreximbank.<\/p>\n<\/p>\n For the country to support new production capacity, power transmission infrastructure in Angola will have to be enhanced. Angola\u2019s downstream sector requires significant investment in order to exploit the country\u2019s full energy potential.<\/p>\n<\/p>\n \u201cWe need to look at energy dependency. We need to look for new technologies. We need to look for local capabilities, and at the end, we need to have a foundation of these downstream manufacturing structures,\u201d stated Lisboa, adding, \u201cThere is a need for aptitude, inspiration, and education in today\u2019s energy sector.\u201d<\/p>\n<\/p>\n Meanwhile, Angola\u2019s legislation and regulatory environment gives potential investors the opportunity to participate in the country\u2019s energy market with contractual stability. It was noted during the panel session that the country\u2019s regulatory frameworks are flexible and accommodate investor portfolios and backgrounds.<\/p>\n<\/p>\n \u201cOn the regulatory perspective, Angola is a very valuable asset,\u201d stated Santos, adding, \u201cContractual stability is something Angola has; we don\u2019t change the rule frequently. Also, Angola has the flexibility to adapt its regulations to the new trends of the market. We are ready to accommodate the Government\u2019s interest and investor interest.\u201d<\/p>\n<\/p>\n Weyll shared insight into Gemcorp\u2019s achievements in the Angolan downstream markets, stating that the company has a solid partnership with the Government. \u201cWe reached the financial close on the Cabinda project, which is very important to increase further investment. Partnership with Sonangol and the government was very important,\u201d he said.<\/p>\n<\/p>\n Meanwhile, the country has made significant strides in its application of Environmental, Social and Governance standards, ensuring that compliance is met with regards to the development of environmental impact assessment reports and ensuring that project\u2019s pose little impact towards local communities and ecosystems.<\/p>\n<\/p>\n \u201cThe ESG conversation is one that is very topical and very important, not just for investors, but also for lenders. In the case of Angola, it\u2019s really important as investors start to build these energy-related infrastructure projects within ESG compliance standards. One of the ways in which compliance is measured is to have environmental assessment reports done before the projects are implemented,\u201d stated Mwaba.<\/p>\n<\/p>\n Meanwhile, for his part, Flewelling spoke of Angola\u2019s noteworthy oil and gas industry and the country\u2019s potential to mobilize capital for infrastructure development in its off- and onshore projects. He noted Angola\u2019s favorable business environment and the potential for international service companies to participate in the country\u2019s energy space.<\/p>\n<\/p>\n As such, under the theme, \u2018Energy Security, Decarbonization and Sustainable Development<\/em>\u2019, this year\u2019s edition of AOG 2023 highlights Angola\u2019s role as an emerging energy hub while promoting strategic partnerships and the country\u2019s investment opportunities. Infrastructure development in the country is poised to result in major opportunities for foreign investors and strategic partners to participate in the transformation of Angola\u2019s energy sector.<\/p>\n Distributed by APO Group on behalf of Energy Capital & Power.<\/i><\/p>\n Source<\/a> As demand for energy in Angola and the region continues to grow, the need for energy infrastructure such as refineries grows more evident, creating new investment opportunities for energy security. As such, the first day of the Angola Oil & Gas (AOG) 2023 conference and exhibition featured a panel discussion exploring recent achievements in the […]<\/p>\n","protected":false},"author":11,"featured_media":156398,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/energycapitalandpower.africa-newsroom.com\/files\/large\/bc97bda5e3bfa79","fifu_image_alt":"","footnotes":""},"categories":[4262],"tags":[258,256,24143,3941,4263,13368,33166,6959,16140,7168,9864,16275,257,4221,254],"class_list":["post-156397","post","type-post","status-publish","format-standard","has-post-thumbnail","category-angola","tag-africa","tag-africa-news","tag-amp","tag-angola","tag-angola-news","tag-angolas","tag-aog","tag-capital","tag-explores","tag-gas","tag-infrastructure","tag-mobilizing","tag-news","tag-oil","tag-south-africa-today"],"fifu_image_url":"https:\/\/energycapitalandpower.africa-newsroom.com\/files\/large\/bc97bda5e3bfa79","_links":{"self":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts\/156397","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/comments?post=156397"}],"version-history":[{"count":0,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts\/156397\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/media\/156398"}],"wp:attachment":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/media?parent=156397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/categories?post=156397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/tags?post=156397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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South Africa Today Africa \u2013 Southern Africa Angola<\/a> News<\/p>\n","protected":false},"excerpt":{"rendered":"