Angola Sets 2050 Oil and Gas Strategy as Africa Energy Bank Targets November Launch

APO Group - Africa-Newsroom: latest news releases | 10-09-2026 06:02pm |

The Angola Oil & Gas Conference and Exhibition opened in Luanda, with Angola looking toward its next phase of oil and gas development under a Hydrocarbon Strategy through 2050. The plan includes more than $70 billion in projected upstream investment, Sonangol's expanding operational footprint and new downstream infrastructure. African Energy Chamber Executive Chairman NJ Ayuk announced that Afreximbank and the African Petroleum Producers' Organization will launch the Africa Energy Bank in November.

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