OPINION: Angola’s new licensing round has been a long time coming and its arrival is yet another signal that President Joao Lourenco’s deeds match his words.
Upstream investments ground to a near-halt over the past five years as the effects of the oil price crash hit home.
Luanda’s then head of state Jose Eduardo dos Santos failed to get to grips with what needed to be done to revive Angola’s moribund oil and gas sector, and raised eyebrows when anointing his daughter Isabel as head of state oil company Sonangol.
