Angola strengthens business environment, attracting ExxonMobil's $15B investment in oil and gas by 2030.
Angola is strengthening its business environment by implementing industry-wide reforms to attract new investments in its oil and gas industry, with a focus on supporting local content, infrastructure-led exploration, and investments in STEM education. The country aims to unlock opportunities for local communities and foster economic growth. ExxonMobil plans to invest $15 billion in Angola's hydrocarbon reserves by 2030, developing large-scale projects and supporting local development.
June 13, 2024
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