Norway to provide technical assistance to Angolan oil sector

5 October 2006

Luanda, Angola, 05 Oct – Norway is set to provide technical assistance to the Angolan oil sector over the next three years, as part of an agreement signed Wednesday in Luanda between Angola’s deputy oil minister, Aníbal Silva and the Norwegian ambassador, Arild Oyen.

Under the terms of the agreement, which aims to improve the management of Angola’s oil resources as one of the ways of promoting economic and social development in the country, Norway is committed to providing a financial donation of around US$5 million.

The deputy minister said Angola would gain from the partnership due to Norway’s vast experience in drilling for oil at great depths, an aspect which, he said, would contribute to the growth of Angola’s fuel sector.

According to ambassador Oyen, the donation will be provided on a half-yearly basis base don the financial needs of the program.

The agreement follows a visit to Angola last week by Norway’s Oil and Energy Minister, Elisabeth Berge.

Angola and Norway work together in the fuel sector via two separate agreements from July 1987 and September 1991. Norway has provided technical assistance to the Oil Ministry since the year 2000. (macauhub)