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Policy & Regulation

Angola unveils new upstream controller

The ANPG will take over the role of concessionaire from state player Sonangol, but real power is unlikely to shift in the short term The ANPG will take over the role of concessionaire from state player Sonangol, but real power is unlikely to shift in the short term.
By Felix Janvrin 31 January 2019 Middle East & Africa / Policy & Regulation 0 33889
A platform offshore Angola. (Galp)

The key issue: Angola’s new upstream oil and gas licensing agency – the National Oil and Gas Agency – was formed on 9 January by Presidential Decree No. 15/19. The new agency is tasked with progressively taking over the role of upstream concessionaire from state player Sonangol.

Interfax analysis: Angola’s creation of a new oil and gas licensing body, the National Oil and Gas Agency (ANPG), should free up NOC Sonangol to focus exclusively on exploration and production. Regulatory responsibilities, previously also held by Sonangol,...