Angola Plans New Multi-Year Auction To Boost Oil Production

As Angola is looking to increase its production and attract more investments, the African oil producer plans to launch additional multi-year oil and gas licensing rounds from 2026, an official at the country’s regulator told Reuters on Thursday. Angola has already offered 50 onshore and offshore blocks for exploration as part of the 2019-2025 multi-year bid rounds. Now it is working on additional multi-year licensing rounds for 2026 and beyond. “We have already started to work on a plan for after 2025 and are currently executing our…