Oil companies operating in Angola are required to carry out social projects in the areas where they operate, said Oil Minister, Botelho de Vasconcelos, cited by Angolan state newspaper Jornal de Angola.
The minister, who was speaking at a meeting with youngsters from Zaire province, in Mbanza Congo, said that the contracts signed required companies to carry out projects to support local communities.
The minister noted that Angola LNG, based in the municipality of Soyo, was one of the few oil sector companies that honoured its commitments to local communities.
At the meeting the ministered noted the existence of a law stipulating that 15 US cents from every barrel of oil sold should be channelled into a fund to provide scholarships and professional training to Angolans working in the oil industry. (macauhub)