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Huw Charles

Oct 29, 2026

10:34
event that that does happen definitely and i think beyond the the political side of things we can also look at the macroeconomic instability there as well obviously angola is still hugely reliant on a gas there's been a lot of talk about um diversification you know in agriculture and other sectors uh but it's still very much relies on i think it's more than 90 of its gdp um it's all reliance um and obviously this leads to impacts on foreign exchange um and various other factors that international companies need to be wary of when they're dealing with angola
11:06
And I think, I mean, on the positive side, I mean, that may be a force of continuity that I think whoever comes to power after the elections, the sort of positive impact that Lorenzo's government's had on kind of renewed appetite for oil and gas investment in Angola.
11:21
And that is existential for Angola.
11:22
It's something that will be a priority for any new leader.
11:34
One of the probably the key reform that in the oil and gas sector that Lorenzo's government made was to break up the regulatory and the regulatory functions from Sonengol.
11:47
So under Dos Santos, Sonengol was the national oil company, both functioned as a kind of state participant in upstream blocks, but also acted as the regulator and national concessionaire.
12:01
this new agency that Lorenzo's government created, ANPG, that has taken on the kind of regulatory and concessionaire functions of Sonengor.
16:22
I think it'd be interesting to reflect more on whether those were indeed well-intentioned investigations, whether you think there could have been a political backdrop to that as well.

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