PROMOTION: The lockdown presents an opportunity to research new business and new markets to pursue when it lifts. To assist South African businesses in these difficult times, Who Owns Whom is offering a 50% discount on all industry reports purchased during this period. The 50% discount will be applied on/at checkout.
INDUSTRY REPORTS PUBLICATIONS DATA FEED SERVICES WOWEB CONTACT US
Item added to your cart
The Angolan Petroleum Industry
BY Stephen Timm
Angola
28 September 2020
R 14 400.00 (ZAR)  
estimated $ 866.34 (USD) *
Buy Now

The Petroleum Sector in Angola


Angola’s oil sector accounted for 29.4% of the country’s GDP in the fourth quarter of 2019 and it employs only about 1% of the country’s workforce. While oil remains Angola’s key export, oil production has been in decline since the oil price slump started in 2014. Since March 2020, when the country was hit hard by the coronavirus pandemic, the outlook for Africa’s second largest oil producer has worsened. Despite being a leading oil producer, Angola imports refined oil for its own energy needs. The Angolan government has plans to construct several national refineries to increase its refinery capacity.


Government Plans


Before the Angolan government announced emergency measures to tackle coronavirus, the Angolan National Petroleum and Gas Agency had revealed plans to auction 50 new oil and gas blocks between 2019 and 2025, and the first 10 were auctioned in 2019. The government has liberalised regulations in the downstream sector and aims to increase refining and land-based storage capacity, encourage the construction of new gas stations and review and possibly liberalise the regulatory regime in logistics and derivatives distribution. The government’s plan to sell state-owned Sonangol’s assets, including equity stakes in various private entities, might enable new players to enter the market more easily.


Report Coverage


This report focuses on the petroleum sector in Angola and includes comprehensive information on the country, its upstream and downstream oil sectors, developments and corporate actions and factors that influence the sector. There are profiles of nine companies including the four multinational operators that dominate the oil exploration and production market, Total, Chevron, ExxonMobil and BP. Other profiles include Sonangol, and smaller players such as Pumagol and Norwegian oil company Equinor, which is involved in the country through partnerships with other operators, including Sonangol.


Page
1. INTRODUCTION 1
2. COUNTRY INFORMATION 1
3. DESCRIPTION OF THE INDUSTRY 3
3.1. Geographic Position 4
4. SIZE OF THE INDUSTRY 6
5. STATE OF THE INDUSTRY 9
5.1. Local 9
5.1.1. Regulations 13
5.1.2. Enterprise Development and Social Economic Development 15
5.2. Continental 15
5.3. International 17
6. INFLUENCING FACTORS 18
6.1. Government Support 18
6.2. Economic environment 20
6.3. Technology, Research and Development (R&D) and Innovation 20
6.4. Labour 21
6.5. Social Projects 21
6.6. Environmental Impact 22
6.7. Marketing 22
7. COMPETITION 23
7.1. Barriers to Entry 23
8. SWOT ANALYSIS 23
9. OUTLOOK 24
10. INDUSTRY ASSOCIATIONS 24
11. REFERENCES 25
11.1. Publications 25
11.2. Websites 25
APPENDIX 1 27
Summary of Notable Players 27
COMPANY PROFILES 32
BP PLC 32
CHEVRON CORPORATION 39
ENI SPA 45
EQUINOR ASA 54
EXXON MOBIL CORPORATION 60
GALP ENERGIA SGPS S.A. 69
PUMANGOL LDA 74
SOCIEDADE NACIONAL DE COMBUSTIVEIS DE ANGOLA E.P. 76
TOTAL E&P ANGOLA 80