Africa Oil & Gas: Sonangol Out as Angola National Concessionaire

Africa Oil & Gas: Sonangol Out as Angola National Concessionaire

The moves by the Angolan government to replace state-run oil and gas firm Sonangol as the country’s concessionaire have borne fruit. As part of the country’s ongoing petroleum sector reform, President João Lourenco, created, by means of Presidential Decree 49/19, of February 6, 2019, the National Petroleum, Gas and Biofuels Agency (Agência Nacional de Petróleo, Gás e Biocombustíveis, or ANPG).

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