Twelve oil and gas blocks in Angola will be put up for tender in September

On August 7, Angola Oil and Gas Summit Forum and block bidding roadshow was held in Beijing. Twelve potential oil and gas blocks in Angola are set to sell their concession rights and will be put to tender in September. Angolan Ambassador to China Joao Neto said that Angola's energy market, represented by oil, is speeding up reform, will be more open and transparent, and will always open the door for investors from China.

Angola is rich in oil and gas resources, is one of the largest oil producing countries in Africa, oil and gas industry has a long history of development, is one of China's top ten crude oil importers. According to reports, the twelve onshore oil block tenders introduced to Chinese companies, four of which are located in the Lower Congo Basin and eight in the Kwanza Basin.