Angola seaport energy storage project bidding

Why should Angola invest in port infrastructure?

Serving as a key bulk infrastructure asset for both economic and social gains of Angola, development of the country’s port infrastructure will be imperative for attracting international investment and driving the country’s oil and gas sector, which accounts for approximately 50% of GDP and roughly 90% of exports.

Will Angola build a 'Barra do Dande' oil terminal?

After winning an international public bid that began in January of this year, OEC signed on Wednesday (September 1st) a contract with Angola's state-owned oil company, Sonangol, to build the Barra do Dande Ocean Terminal, located about 60 kilometers north of the capital, Luanda.

How many seaports does Angola have?

With a 1,600 km coastline along the Atlantic Ocean, the Republic of Angola currently has five operational seaports, providing a clear maritime transport network and serving as an important regional transportation hub through which the country may facilitate the movement of goods to and from international markets.

Will Angola start producing oil in 2024?

While billion-dollar gas projects progress, developments across the renewable, power and infrastructure sectors have also advanced, with several anticipating a 2024 start. The first phase of Angola’s Cabinda Refinery, an integrated modular oil refining platform, will start production in 2024.

When will Angola get a new oil & gas licence?

Under the country’s six-year licensing round launched in 2019, Angola’s National Agency of Oil, Gas and Biofuels launched a public tender for the award of 12 onshore blocks in the Kwanza and Congo basins in September 2023. Running for six months, the results of the round will be announced on March 19, 2024.

What is Angola's Green Hydrogen Project?

Angola’s landmark green hydrogen project will begin producing and exporting green hydrogen to Germany in 2024, making the project the first of its kind in Africa to supply Europe with the resource. Powered by hydroelectricity, the 400 MW project is being developed by national oil company Sonangol alongside German firms Gauff and Conjuncta.