Angolan government prepares liberalisation of fuel market

21 January 2011

Luanda, Angola, 21 Jan – Angola’s Oil Ministry is preparing the liberalisation of the oil derivative fuel market, a project that has already received government approval, oil minister, Botelho de Vasconcelos said Thursday in Luanda.

The minister also said that his ministry would also continue with the programme to expand fuel storage capacity and fuel service stations, which had been meeting market needs.

Botelho de Vasconcelos noted the sector’s involvement in drawing up a plan for development and insertion of national businesses in the oil industry, a task that is now in its final stage and which aims to boost the supply chain of goods and services to the oil industry.

Cited by Angolan news agency Angop, the minister also said that training national staff was one of the permanent aims of the sector at a time when the “Benchmark Qualifier for the Oil Industry” has been developed to eliminate imbalances seen between foreign and national workers, by supervising the careers of Angolan technical staff. (macauhub)