Angola’s President wants oil exploration to be more Angolan

5 June 2019

The Angolan President called on the national oil companies to recruit Angolan staff and train workers to ensure the “Angolanisation” of oil production, in a speech delivered on Tuesday in Luanda.

João Lourenço, at the inauguration of the Angola Oil & Gas 2019 conference, an initiative of Africa Oil & Power, said that since oil exploration is a capital intensive and advanced technology sector, “its importance will be even greater if it incorporates more national workers.”

The President pointed out that the government has sought to encourage oil companies to comply with plans to train, promote and take on Angolan staff and technicians at different levels of the oil industry, increasing the sector’s “Angolanisation”, according to the Angop news agency.

He recalled that the reform of the National Oil Institute is underway along with the construction of a higher institute, both in the province of Kwanza Sul, restated the country’s commitment to attracting investment, promoting partnerships and businesses in all segments of the energy chain and the oil industry and acknowledged that despite the effort to diversify the economy, oil continues to play a prominent role in the Angolan economy.

During his speech, Lourenço spoke about the readjustment of the way the sector is organised, in February, about the National Oil, Gas and Biofuels Agency, which has taken on the role of national concessionaire, about restructuring of state oil company Sonangol and strengthening the role of the Ministry of Natural Resources and Oil. (Macauhub)