Twelve oil and gas blocks in Angola to be tendered in September

On August 7, the Angola Oil and Gas Summit Forum and Block Bidding Roadshow was held in Beijing. Angola's 12 oil and gas blocks with development potential will sell their block concession rights and will enter the bidding process in September this year. Angola's ambassador to China, João Neto, said that Angola's energy market, represented by oil, is accelerating its reform, will be more open and transparent, and will always open the door for investors from China.

  Angola is rich in oil and gas resources and is one of the largest oil-producing countries in Africa. The oil and gas industry has a long history of development and is one of the top ten importers of crude oil in China. According to reports, of the 12 onshore oil blocks introduced to Chinese companies this time, four are located in the Lower Congo Basin and eight are located in the Kwanza Basin.