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Angola’s oil and gas sector is a crucial part of the country’s economy, accounting for a significant percentage of its GDP and government revenue. The sector has undergone substantial development since the end of the civil war in 2002, attracting foreign investment and international oil companies.

Angola is one of the largest oil producers in Africa, with offshore oil fields primarily located in the Luandong Offshore Basin. Major oil fields like Kuito, Saxi, and Pambi contribute significantly to production levels. The Angolan government has implemented policies to increase production capacity and improve infrastructure, yet challenges such as declining output from mature fields, regulatory hurdles, and fluctuating global oil prices remain.

The gas sector is also gaining attention, particularly with recent investments aimed at harnessing natural gas resources for domestic use and export. The Angola LNG project aims to capitalize on these resources by processing and exporting liquefied natural gas.

The future of Angola’s oil and gas sector will likely depend on continued foreign investment, technological advancements, and the ability to navigate environmental concerns and economic diversification.