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African Perspective

Angola Gears Up for $70 Billion Oil & Gas Investment Wave with AOG 2026 Launch

Angola launches AOG 2026, signaling a $70 billion oil and gas investment wave, with projects, partnerships, and refineries driving the country’s energy growth and regional leadership

Angola Gears Up for $70 Billion Oil & Gas Investment Wave with AOG 2026 Launch
The High Street Journal
Jan 28, 2026

Angola’s oil and gas sector is gearing up for a transformative year, with the official launch of the Angola Oil & Gas Conference & Exhibition (AOG 2026) in Luanda signaling a new era of investment and development. 

Scheduled for September 9–10, 2026, the event is set to be the continent’s premier oil and gas platform, connecting policymakers, financiers, operators, and service providers.

Under the theme Investing in the Future of Angola, AOG comes at a pivotal moment: the country is celebrating 50 years of independence and preparing to convert ambitious plans into production and tangible economic impact. With an estimated $70 billion in upstream investments projected over the coming years, Angola is positioning itself as a hub for international energy capital.

“The foundations are laid, and 2026 will be the year to mobilize investment and define the next 50 years of our energy sector,” said José Barroso, Angola’s Secretary of State for Oil and Gas.

Several projects underscore this momentum. The New Gas Consortium is advancing the country’s first non-associated gas project, set to supply Angola LNG, domestic power plants, and export markets. 

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In the oil sector, Azule Energy is moving into phase three of the Agogo Integrated West Hub, while TotalEnergies’ Kaminho deepwater project in the Kwanza Basin is on track for production by 2028.

Onshore, independents including ReconAfrica, Corcel, Oando, and Sintana Energy are ramping up seismic surveys and drilling, while frontier exploration along the Atlantic margin, particularly in Namibe, promises new discoveries.

Downstream development is also accelerating. The Lobito Refinery, slated for 2027, will enhance domestic fuel supply, reduce imports, and strengthen regional trade. This follows the Cabinda Refinery’s operational start in 2025, which already supports Angola’s refining capacity.

AOG 2026 is more than a conference, it is a dealmaking hub. With over 3,000 attendees, 150 speakers, and 600 companies expected to participate, the event aims to foster partnerships, share knowledge, and accelerate the sector’s growth.

Luis Conde, Project Director at Energy Capital & Power, emphasized the event’s strategic role: “AOG is where the deals happen, the connections are made, and Angola’s energy future is defined.”

Endorsed by President João Lourenço and supported by Angola’s Ministry of Mineral Resources, Sonangol, and the African Energy Chamber, AOG 2026 marks a milestone in the nation’s ambition to lead Africa’s hydrocarbon renaissance.

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