AGP Executive Report
Last update: 4 hours agoFuel Costs: Angola’s fuel-subsidy bill could reach 3.8 trillion kwanzas ($4.16 billion) in 2026—nearly double the initial estimate—as higher oil prices intensify pressure to speed up subsidy reform. Regional Links: Angola and Namibia have launched a joint commission focused on trade, energy, transport and agriculture, building on plans for a cross-border electricity interconnector. Energy Cooperation: Angola joined eight African oil companies in signing a declaration to strengthen energy security, expand direct fuel supply deals and boost refining capacity. Oil and Gas: Angola is seeking to accelerate oil and gas licensing to attract investment, while Sonangol advances plans to develop offshore fields and pursue an IPO. Infrastructure and Technology: Spain’s Navantia will modernise two Angolan Navy patrol vessels, with training and support for local maintenance; meanwhile, Q-KON and SISTEC have launched a Luanda satellite-network hub for secure, locally routed connectivity.
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