Page 5 - DMEA Week 11 2023
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DMEA COMMENTARY DMEA
Department of Commerce, Department of State supplies to the country while reducing incurred
and its Prosper Africa initiative. costs from energy imports.
Consequently the contract for development Angola is spending more than $1.7bn per
also covers all associated connectivity, including year on oil imports to meet domestic demand,
access roads, a power plant with a capacity of highlighting the lack of processing capabilities
60-100 MW and a marine terminal. despite the country’s large oil and natural gas
reserves (7.8bn barrels and 11 trillion cubic feet
Benefits for Angola (312bn cubic metres respectively). Expanded
Angola’s Minister of Mineral Resources H.E. refinery infrastructure will not resolve the coun-
Diamantino de Azevedo expects the construc- try’s economic woes, but it is likely to play a
tion of the new refineries to improve energy meaningful part in the solution.
Week 11 16•March•2023 www. NEWSBASE .com P5
