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Angola Oil & Gas Launches in Luanda as $70B Investment Momentum Accelerates

Contributor by Contributor
January 29, 2026
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LUANDA Angola, January 28, 2026 – Angola’s oil and gas industry is gearing up for its marquee annual event as organizers officially launched the Angola Oil & Gas Conference & Exhibition (AOG) in the capital on Tuesday. Set for September 9-10, 2026, the gathering arrives at a pivotal moment for the nation, which is leveraging five decades of independence to position itself for sustained energy sector growth.

Organized by Energy Capital & Power under the theme “Investing in the Future of Angola,” the conference will bring together government officials, energy companies, investors and service providers to map out strategies for the country’s hydrocarbon industry through 2076. The timing is strategic: Angola is managing a substantial investment pipeline while bringing new production online and welcoming both established operators and newcomers to its energy landscape.

Angola has built a reputation as one of Africa’s leading oil and gas producers, supported by a business environment that emphasizes regulatory stability and operational flexibility. The country’s approach—featuring multi-year licensing rounds, a permanent offer system and opportunities in marginal fields—has created consistent access to exploration blocks. Industry analysts project approximately $70 billion in upstream investments over the coming years, reflecting confidence in Angola’s energy sector trajectory.

“Angola is entering a decisive phase of growth and consolidation in the oil and gas sector. We have already laid the foundations, so 2026 will be the year to convert projects into production and into real economic impact,” said José Barroso, Secretary of State for Oil and Gas, at Tuesday’s launch event. “Angola is open, ready, and fully equipped to ensure solid and profitable investments.”

Several major developments illustrate the country’s expanding energy portfolio. The New Gas Consortium recently brought Angola’s first non-associated gas project into operation in 2025 and is working toward full capacity, which will support both the Angola LNG facility and domestic electricity generation. In offshore oil development, Azule Energy is progressing toward the third phase of its Agogo Integrated West Hub Development after launching phase two last year. TotalEnergies is advancing the Kaminho project in the Kwanza Basin, targeting a 2028 production start.

Onshore, independent operators including ReconAfrica, Corcel, Oando and Sintana Energy are conducting seismic surveys and drilling operations aimed at unlocking new resources. Exploratory work is also underway in frontier areas such as the Namibe margin along Angola’s Atlantic coast.

The country is simultaneously developing its downstream capacity. The Lobito Refinery, currently under construction with an anticipated 2027 completion, is designed to strengthen fuel security and decrease import dependence. This follows the 2025 commissioning of the Cabinda Refinery, Angola’s second operational refining facility.

The September conference has evolved into a significant industry platform since its inception. Last year’s event drew more than 3,000 participants, featured 150 speakers and included 600 companies, serving as a venue for deal negotiations and partnership formation.

“AOG is a space to create strategic partnerships, share knowledge and accelerate investments that will define Angola’s energy future over the next 50 years,” noted Luis Conde, Project Director at Energy Capital & Power.

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The 2026 conference will be held under the patronage of President João Manuel Gonçalves Lourenço, with support from the Ministry of Mineral Resources, Oil and Gas, the National Oil, Gas & Biofuels Agency, the Petroleum Derivatives Regulatory Institute, Sonangol and the African Energy Chamber.

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