Sonangol CEO to Speak at AOG 2025, Advancing Angola’s Strategic Energy Agenda

Sonangol CEO, Sebastião Gaspar Martins, will participate in the Angola Oil & Gas (AOG) 2025 conference to share insights into Sonangol’s evolving strategy and its role in shaping the future of Angola’s energy industry. With stakes in 35 oil and gas concessions and daily production exceeding 200,000 barrels per day (bpd), Sonangol continues to drive Angola’s upstream growth. The company is an active participant in the country’s multi-year licensing round – launched in 2019 – and has qualified as both operator and non-operator across several blocks. As Angola prepares to launch a new bid round in 2025, Sonangol is expected to remain a key player in exploration and production.

In support of its upstream expansion, Sonangol is preparing for an Initial Public Offering (IPO), which will make 30% of the company’s shares available to investors. The IPO will provide critical financing for Sonangol’s E&P portfolio and further solidify its position as a major operator. At AOG 2025, Martins is expected to share updates on the IPO and outline Sonangol’s upstream development strategy.

AOG is the largest oil and gas event in Angola. Taking place with the full support of the Ministry of Mineral Resources, Oil and Gas; the National Oil, Gas and Biofuels Agency; the Petroleum Derivatives Regulatory Institute; national oil company Sonangol; and the African Energy Chamber; the event is a platform to sign deals and advance Angola’s oil and gas industry. To sponsor or participate as a delegate, please contact sales@ecp.fgxdev.co.za.

Beyond upstream, Sonangol is targeting a significant boost to refining capacity, aiming to reach 445,000 bpd. The development of three new refining facilities in Angola – set to complement the operational Luanda refinery – is the cornerstone of this goal. The Cabinda refinery is set to come online in 2025 with a capacity of 60,000 bpd. Additional projects include the 200,000 bpd Lobito refinery and 100,000 bpd Soyo refinery, with Sonangol currently seeking $4.8 billion in financing for the Lobito development. At AOG 2025, Martins will engage with investors and project developers to accelerate progress on these key infrastructure assets.

Sonangol is also a strategic partner in several major projects, including the Agogo Integrated West Hub Development, the New Gas Consortium’s non-associated gas project and the Kaminho Deepwater Development. Additionally, Sonangol has expanded into industrial and renewable energy projects. In 2024, the company signed an agreement with Turkish group Tosyali to develop the Kassinga mining and steel project, with production expected in 2027. In the renewables space, Sonangol is partnering with Conjuncta, CWP and Gauff to develop the Barra do Dande green hydrogen project, following a deal signed at AOG 2024. These initiatives reflect Sonangol’s broader development strategy, positioning the company as a driver of Angola’s long-term energy and industrial growth.