Africa: Angolan Govt sets up Installing Committee for the National Oil and Gas Agency

Sonangol Drilling installing committee of Angola’s National Oil and Gas Agency (ANPG) is responsible for establishing the necessary conditions for the new body to start operating, according to a presidential decree published on Wednesday.

The committee, according to the bill, is coordinated by the national director of Oil, Amadeu de Azevedo, and includes José Abreu, as deputy coordinator, as well as five other officials, and the decree was issued shortly after the government publicly announced the creation of the ANPG, according to Portuguese news agency Lusa.

The announcement was made jointly by the Angolan Minister of Oil and Mining Resources, Diamantino Azevedo, and Finance Minister Archer Mangueira, as they presented the results of the Oil Sector Restructuring Group, created on 21 December, 2017, through a decree by President João Lourenço.

In another decree, Lourenço authorised the creation of an Interministerial Commission to Follow Up on the Repatriation of the Oil Sector Organisation, coordinated by the Minister of Mining and Resources and Oil, Diamantino Azevedo, which will operate until 31 December 2020 and will have to submit reports of the activities carried out.

In addition to Azevedo, the committee includes Minister of Finance, Archer Mangueira, as deputy, the Secretaries of State for Oil, Paulino Jerónimo, and the Budget and Public Investment, Aia Eza Nacília Gomes da Silva, as well as the administration of Sonangol, Carlos Saturnino.

The Minister of Mining Resources and Oil noted at the press conference that the future agency will bid for new oil concessions and the management of production-sharing contracts, as well as represent the state in sharing oil profits in oil concessions. (SOURCE: macauhub)

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