1 Energy Capital & Power (ECP) (EnergyCapitalPower.com) is honored to announce Pumangol, the leading fuel retailer in Angola, as a bronze sponsor of the upcoming Angola Oil & Gas (AOG) conference (https://bit.
2 ly/3UyBCpP) 2022 & Exhibition, which will take place from November 29 to December 1 in Luanda.
3 Acquired by national oil company Sonangol at the end of 2021, Pumangol has a retail network of 79 service stations, services at four airport terminals, and the state-of-the-art Terminal de Combustíveis da Pumangol em Luanda (TCPL) fuel terminal in Luanda Bay, among other key assets.
4 The company has been outspoken about the need for further liberalization of Angola’s downstream sector, which will be at the forefront of discussions at AOG 2022.
5 In an effort to achieve fuel independence and diversify its national economy, Angola has invested heavily scale in expanding its refining capacity to more than 400,000 barrels per day and improving the marketing, storage, transportation and distribution of its oil derivatives.
6 Although the successful expansion and liberalization of the sector is currently underway, barriers such as subsidized fuel prices, limited infrastructure and low production that meets only 20% of market demand have prevented the full development of the downstream industry.
7 from Angola.
8 “The presence and participation of the leading fuel retailer Pumangol at AOG 2022 is essential to promote discussions on rising fuel prices, eliminate illegal oil trade and improve fuel availability for Angolans every day,” he said.
9 Miguel Artacho, International Conference Director for AOG 2022.
10 “We are excited to welcome on board another sponsor who is showing integrity, insight and commitment to addressing Angola’s most pressing issues.” Other Confirmed Sponsors of AOG 2022 Sonangol, ExxonMobil, Azule Energy, Chevron, TotalEnergies, Banco BIC, Falcon Oil, Equinor, SONILS, SOAPRO, Certex and more.