In an effort to achieve fuel independence and diversify its national economy, Angola has made large-scale investments in expanding its refining capacity to more than 400,000 barrels per day and improving the commercialization, storage, transportation and distribution of its refined petroleum products. While the successful expansion and liberalization of the sector is currently underway, barriers like subsidized fuel prices, limited infrastructure and low production that meets only 20% of market demand have impeded the full development of Angola’s downstream industry.
“The presence and participation of leading fuel retailer Pumangol at AOG 2022 is critical to furthering discussions around raising fuel prices, eliminating illegal petroleum trading and improving fuel availability for everyday Angolans,” stated Miguel Artacho, International Conference Director for AOG 2022. “We are excited to welcome on board yet another sponsor who is displaying integrity, insight and commitment toward tackling Angola’s most pressing issues.”
Other confirmed AOG 2022 sponsors Sonangol, ExxonMobil, Azule Energy, Chevron, TotalEnergies, Banco BIC, Falcon Oil, Equinor, SONILS, SOAPRO, Certex, and more.