US to Invest $2 Billion in Angola’s Oil and Gas Projects
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The United States Secretary of State, Mike Pompeo has confirmed that several American
firms operating in the oil and gas sector are willing to invest more than $2 billion in Angola’s oil
and gas projects.
The US State Secretary attended a meeting organized by the US Angola Chamber of
Commerce, with Angola’s Minister of Foreign Affairs, H.E. Manuel Domingos Augusto,
where the US diplomat mentioned that America wanted to be a good partner to the people
The State Secretary also commended President João Lourenço’s fight against corruption and
his drive for economic transparency in Angola, and added that this agenda needs to be
“We want to help hold responsible all who have embezzled Angolan money as we do in
other countries,” said Pompeo.
President Lourenço said that his government’s goals were private investment, regional
health, fighting corruption and restoring the country’s assets.
Returning for its second year, the Angola Oil & Gas Conference & Exhibition will be hosted in June 16-17, 2020 in Luanda, and will focus on an international investment drive aimed at bringing new deals and signing new entrants into Angola’s oil and gas sector.