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Non-associated oil and gas production projects: Azule Energy will invest around €2 billion per year over the next 36 months

25/07/2023
Source : ORISHAS FINANCE
Categories: Sectors

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On Thursday, July 20, 2023, the executive director of Azule Energy indicated that the company plans to invest around 2 billion euros per year over the next 36 months in non-associated oil and gas production projects.

At the 38th edition of the Luanda International Fair (FILDA), Adriano Mongini indicated that the amounts will be invested in the new gas consortium and in Agogo projects. The manager considered this investment to be an ambitious initiative, with a forecast for the first gas in July 2026. For him, “this is the first non-associated gas production project in Angola.” According to him, there are partnerships in the field of decarbonization, in which they support Sonangol at the Luanda refinery, and plan to install

a green refinery.
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