With several large-scale oil and gas projects on the horizon in Angola and a 2025 limited tender poised to kick off exploration and development, improving the distribution of oil products in the country will take center stage in the coming years. Angola is leveraging industry-wide reforms to attract new investments and unlock opportunities for both local and international players.
During the pre-conference program of Angola Oil & Gas (AOG) 2024 – set to take place before the main event on October 1 – the Petroleum Derivatives Regulatory Institute (IRDP) will provide an update on the state of the regulatory environment in the country’s downstream sector. As the regulatory body for the importation of petroleum products in Angola, the IRDP will lead a workshop on the downstream oil and gas industry, setting the stage for deals and discussions during the main conference.
AOG is the largest oil and gas event in Angola, fully supported by the Ministry of Mineral Resources, Oil and Gas; national oil company Sonangol; the National Oil, Gas and Biofuels Agency; the African Energy Chamber; and the IRDP. The event serves as a platform for signing deals and advancing Angola’s oil and gas industry. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.
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The IRDP has been instrumental in stabilizing Angola’s petroleum market by balancing imports and local refining. Historically, Angola’s resources have been exported as unprocessed crude. However, national efforts to enhance value addition through downstream infrastructure development are set to change this trend. Three new refining facilities are currently under construction, while the Luanda refinery, upgraded in 2022, has boosted gasoline production to 450,000 tons per year.
The first phase of the Cabinda Refinery – with a capacity of 30,000 bpd – will come online by the end of 2024, with full operational capacity expected by mid-2025. The 100,000 bpd Soyo Refinery is anticipated to come online in 2025, while the 200,000 bpd Lobito Refinery – poised to be Angola’s largest – expects operations to commence in 2026. Upon completion, Angola’s refining capacity will increase to over 400,000 barrels per day (bpd), significantly boosting the market.
In recent years, the Angolan government has implemented measures to enhance the investment landscape, with regulatory reforms and supporting policies laying the foundation for billion-dollar deals in the oil and gas sector.
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These reforms include focusing on deepwater projects, offering attractive terms for onshore exploration, and incentivizing local Angolan companies. Additional measures include the establishment of the New Gas Consortium to enhance gas exploration, restructuring Sonangol, and establishing the IRDP.
Amidst these regulatory reforms, the IRDP-led “Angola’s Downstream Potential” technical session will provide attendees with insights into the critical role of a practical, feasible, and fair regulatory framework in efficiently developing the downstream sector.
The institute will showcase ongoing efforts to uphold high oil product specifications and upcoming scientific projects. The session will also provide a comprehensive update on the state of the downstream sector in Angola, considering the regulatory framework, volumes, and consumption of oil derivatives.
Don’t miss the opportunity to participate in this insightful and meaningful session. To register for the workshop and the AOG 2024 conference, visit here or contact us at sales@energycapitalpower.com. Access the pre-conference technical program here.
