FOUNDER AND EXECUTIVE CHAIRMAN, TRADINTER AND CHAIRMAN, AECIPA
"Doing business in Angola requires a great deal of imported goods and equipment, which challenges both the companies and the central bank to make foreign currency available. "
"We are committed to becoming a major independent energy producer. This goal drives us to explore new opportunities and monetize the existing gas reserves in the Cabinda South Block."
CEO, SONANGOL REFINING & PETROCHEMICAL COMPANY (SONAREF)
"Sonaref is spearheading three major refining projects: the Cabinda Oil Refinery, the Soyo Refinery, and the Lobito Refinery, which aim to increase our total refining capacity to 425,000 bpd."
"Oil production in Angola has been on a declining trend over the past few years, but our discoveries have bucked this trend with the company’s production increasing by 30% from 2022 to 2024."
"Within a few days, we can transform barren sites into fully equipped facilities, demonstrating our adaptability in supporting Angola's energy sector."
"Angola has strategic plans in place extending to 2027 to increase the acreage explored and boost production. This involves putting more blocks into the market to attract investors."
MACIG 2025 - Mining in Africa Country Investment Guide
It is said that mining is a patient industry. Current demand projections are not. Demand for minerals deemed ‘critical’ is set to increase almost fourfold by 2030, according to the UN. Demand for nickel, cobalt and lithium is predicted to double, triple and rise ten-fold, respectively, between 2022 and 2050. The world will need to mine more copper between 2018 and 2050 than it has mined throughout history. 2050 is also the deadline to curb emissions before reaching a point of ‘no return.’ The pace of mineral demand and the consequences of not meeting it force the industry to act fast and take more risks. Mining cannot afford to be a patient industry anymore. The scramble for supply drives miners back to geological credentials, and therefore to places like the African Central Copperbelt.