Angola’s Ministry of Mineral Resources, Petroleum and Gas and Namibia’s Ministry of Mines and Energy signed a memorandum of understanding (MoU) at this year’s Angola Oil & Gas (AOG) 2022 Conference and Exhibition in Luanda which will enhance bilateral cooperation in the petroleum and natural gas sector and improve the mutual social, economic and environmental interests between the two countries.
Signed by H.E. Minister Diamantino Azevedo, Minister of Mineral Resources, Petroleum and Gas for the Republic of Angola, and Hon. Tom Alweendo, Minister of Mines and Energy for the Republic of Namibia on Nov. 29, the MoU is poised to promote and strengthen cooperation between Angola and Namibia within the fields of petroleum and natural gas by establishing an institutional framework that facilitates the exchange of information, the management of data management and geological studies, and the development of joint projects.
Additionally, the MoU will address the challenges of the energy transition within the African context and encourage local capacity building between the neighboring countries through technological cooperation and the transfer of skills.
The MoU further reaffirms Angola’s position as a leader in African energy, allowing the southern African country to leverage its position as Africa’s largest oil producer and share its expertise across the energy industry in pursuit of regional market development.