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Angola: Expropriation for public purpose act

01 January 2021 by Vda - Viera de Almedia, ASP Advogados

The new Expropriation for Public Purpose Act (Law 1/21, of 7 January 2021) was enacted on 07.01.2021, repealing Ordinances 14.507 and 23.404, which had extended the legal expropriation framework applicable in Angola enacted by Law 2030, of 22 July 1948 and Decree 43.587, of 8 April 1961.

News & Analysis

Angola: Public debt (Treasury bonds)

01 January 2021 by Vda - Viera de Almedia, ASP Advogados

The Ministry of Finance has recently published, in accordance with delegated powers, the following Executive Decrees:

News & Analysis

Angola: Tender for award of oil concessions

01 January 2021 by Vda - Viera de Almedia, ASP Advogados

On 31 December 2020, the Angolan National Petroleum, Gas and Biofuels Agency (ANPG), in its capacity as national concessionaire, has announced the intention to launch an international tender for the award of new oil concessions – “2020 Licensing Round”.

News & Analysis

Angola Mining - Corporate Social Responsibility in Lunda south province

09 November 2020 by Vda - Viera de Almedia, ASP Advogados

The Lunda South Provincial Government released a memorandum voicing the intentions of his Government and Endiama – E.P.’s Board of Directors in relation to corporate social responsibility (“CRS”) actions to be implemented (“Memorandum”).

News & Analysis

Angola: The new local content legal framework for the oil & gas industry

01 October 2020 by Vda - Viera de Almedia, ASP Advogados

Presidential Decree 271/20, of 20 October 2020 (“PD 271/20”), approved the new legal framework for the promotion of local content in the oil and gas industry, expressly repealing Ministry of Petroleum Order 127/03, of 25 November 2003 (“Order 127/03”).

News & Analysis