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Lusa - Business News - Portugal: Citizens should be pleased with budget figures - President
Braga, Portugal, Jun. 24, 2019 (Lusa) – Portugal’s president said on Monday that all Portuguese should be pleased with the...
Lusa - Business News - Angola: Bank owned by MPLA member assures 'solidity, stability' of funds
Luanda, Jun. 24, 2019 (Lusa) – The administration of Angola’s Banco Yetu on Monday assured "solidity of funds to ensure...
Lusa - Business News - Mozambique: AfDB argues sovereign fund should make use of gas revenues
Maputo, Jun. 24, 2019 (Lusa) – The vice president of Institutional Services and Human Resources of the African Development Bank...
CNA - رئيس الجمهورية ورؤساء الأحزاب السياسية ينعون الرئيس الراحل ديميتريس خريستوفياس
وكالة الأنباء القبرصية - قبرص / نيقوسيا - مهى ميخائيل
نعى رئيس الجمهورية نيكوس أنستاسياديس اليوم الرئيس الراحل خريستوفياس، وقال أنه يأمل في أن يحكم التاريخ على الرئيس السابق لقبرص ديمتريس...
Lusa - Business News - Mozambique: Country to see $3B in revenues of Area 1 from 2030 - consultant
London, Jun. 24, 2019 (Lusa) – The consultant Wood Mackenzie estimated that revenues of the natural gas project approved last...
Lusa - Business News - East Timor: Lisbon, Dili to sign €70M cooperation programme
Lisbon, Jun. 24, 2019 (Lusa) – Portugal and East Timor are to sign the Strategic Cooperation Programme 2018-2022 in Lisbon...
Lusa - Business News - Portugal: Budget surplus at 0.4% GDP in Q1 - statistics institute
Lisbon, Jun. 24, 2019 (Lusa) – Portugal recorded a budget surplus of 0.4% of GDP until March, compared to the...
CNA - وزير الدفاع يطلع نظيرته البريطانية على الأنشطة التركية في المنطقة الاقتصادية الخالصة لقبرص
وكالة الأنباء القبرصية - قبرص / نيقوسيا - مهى ميخائيل
التقى وزير الدفاع سافاس أنجيليدس اليوم بنظيرته البريطانية بيني موردونت، وأعرب عن ارتياح الحكومة القبرصية لقرار المجلس الأوروبي...
Lusa - Business News - East Timor: Maritime borders treaty with Australia 'ratified by end-August'
Dili, June 24, 2019 (Lusa) – The governments of East Timor and Australia aim to complete the ratification of their...
CNA - لجنة وزراء مجلس أوروبا راضية عن تطبيق قبرص لقرار المحكمة الأوروبية لحقوق الإنسان
وكالة الأنباء القبرصية - قبرص / نيقوسيا - مهى ميخائيل
أعربت لجنة وزراء مجلس أوروبا بقرار في 24 نيسان / أبريل 2019، عن ارتياحها للتدابير التي اتخذتها جمهورية قبرص في امتثالها...
Lusa - Business News - Mozambique: World Bank approves $420M in grants, loans for power infrastucture
Maputo, June 24, 2019 (Lusa) - The World Bank has approved financing of $420 million (€369 million) for Mozambique’s power...
Lusa - Business News - Angola: Public debt 90.7% of GDP last year; growth to be 0.5% this - forecast
London, June 24, 2019 (Lusa) - Angola's public debt stood at 90.7% of gross domestic product at the end of...
CNA - دائرة الأرصاد تصدر تحذيراً بارتفاع شديد في درجات الحرارة
وكالة الأنباء القبرصية - قبرص / نيقوسيا - مهى ميخائيل
أصدرت دائرة الأرصاد الجوية تحذيراً باللون الأصفر، حيث من المتوقع أن تصل درجات الحرارة إلى 40 درجة مئوية. ...
Lusa - Business News - Mozambique: Cyclones' impact to reduce 2019 GDP growth to 2% - forecast
London, June 24, 2019 (Lusa) - The impact of cyclones in Mozambique has worsened the outlook for economic growth this...
Lusa - Business News - Portugal: PSI20 opens 0.12% down at 5,119.89 points
Lisbon, Jun. 24, 2019 (Lusa) – The Lisbon stock exchange opened in negative territory on Monday with the main benchmark...
Lusa - Business News - Portugal: Top headlines on Monday
Lisbon, Jun. 24 2019 (Lusa) – The Portuguese papers are covering a wide range of stories this Monday from taxes...
Lusa - Business News - Angola: Reforms make investment in small oil companies more attractive - AOP




Johannesburg, Mar. 18 (Lusa) – The CEO of Africa Oil & Power (AOP), one of Africa’s largest energy conference organisers, told Lusa that reforms in Angola will make investment more attractive for small and medium-sized companies .
“There is a very old-fashioned image of Angola as a market only for large oil companies, but the way the market is being structured by the government will change this perspective, especially with the attention given to marginal oil and gas wells, which will make investment and exploitation much more attractive for small and medium-sized oil companies,” said Guillaume Doane.
In statements to Lusa, Doane said that “the government is very committed to the reforms, which send a strong signal to international investors,” and added, on the diversification of economy and opening the market, that “there are key reforms that show it is different this time.”
“The establishment of the oil and gas agency, responsible for the concession, is a critical step and, at the same time, it is the government’s acknowledgement that the previous structure was not optimised,” Doane said.
Asked whether the government’s priority is to relaunch oil production or invest in the diversification of the economy, Doane replied that for economies that are “extremely dependent on oil revenues”, such as Angola, the priority must be split, and changes do not take place overnight.
For him, the main goal for the conference scheduled for June is for it “to be a catalyst for oil and gas investment in Angola, a country that has changed a lot and will be presented to investors as a new and revitalised Angola.
The ‘Angola Oil & Gas’ conference is to take place from 4 to 6 June at the Centro de Convenções Talatona (CCTA) in Luanda, and it will be held after the APPO CAPE VII Congress and Exhibition in April, in Malabo, Equatorial Guinea.

MBA/IMYN // ADB.
Lusa


Agency : LUSA

Date : 2019-03-19 08:47:06







 

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