Image: Noticias ao Minuto
Angola’s former Secretary of State for Oil, Paulino Fernando de Carvalho Jerónimo, was officially appointed as chairman of Angola’s recently launched Oil, Gas and Biofuels Agency (ANPG) by President João Lourenço, on Tuesday.
José Alexandre Barroso, former General Manager of Sonamet; a joint venture between state-owned Sonangol, Subsea7 and WAPO, has been appointed as the country’s new Secretary of State for Oil. In addition, President Lourenço appointed Belarmino Emílio Chitangueleca, César Paxi Pedro, Natacha Alexandre Tavares Ferreira Monteiro Massano and Gerson Henda Baptista Afonso dos Santos as administrators of the new agency.
Over the next six months, the ANPG will absorb human resources and assets from Sonangol. According to RTP News, Minister of Finance, Archer Mangueira, stated that this would not affect Sonangol’s financial stability, adding that the regeneration of Sonangol should lead to an improvement in financial indicators. Sonangol’s regeneration program also involves the potential sale of up to 53 of its subsidiaries.
The ANPG officially takes over the role of national concessionaire from Sonangol. The agency’s first major landmark will be overseeing Angola’s new oil and gas licensing round, which will be announced at the Angola Oil and Gas 2019 conference on June 4-6, in Luanda, organized by Africa Oil & Power.