ANGOLA STRESSES NEED FOR COMMON PLATFORM FOR AFRICAN NATIONS IN ENERGY SECTOR

Angolan Petroleum Minister Botelho de Vasconcelos has stressed the need to create a common platform for African countries to support their efforts to achieve an average 30 per cent of local content in oil and gas activities on the continent by 2030.

Addressing the opening session of the 1st Conference on Local Oil and Gas Content in Africa here Wednesday, he added that such a measure would stimulate the development of the oil and gas sector in Africa by increasing local capacity across the continent.

African oil-producing countries have increasingly been consolidating and implementing their local content structures, he noted, adding that Angola, through the competent bodies, was continuing to increase the participation of national companies in the oil sector, as well as to encourage the process of Angolanization in the sector, through the integration, training and development of Angolan personnel.

He noted that with a more cohesive approach to local content would provide significant benefits to the African continent from the rational use of its resources.

Source: NAM NEWS NETWORK

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