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Angola local content in the oil sector
The National Petroleum, Gas and Biofuels Agency (“ANPG”) has recently made available the list of goods and services falling under the exclusivity and preference regimes.
Local content regulations (in brief)
With the aim to promote and foster the participation of Angolan companies (companies incorporated in Angola with the share capital fully owned by national individuals or companies) and Angolan incorporated companies (companies incorporated under the laws of Angola irrespective the nationality of the shareholders), the National Petroleum, Gas and Biofuels Agency (“ANPG”), the National Concessionaire for the Angolan oil sector, has recently made available the list of goods and services falling under the exclusivity and preference regimes.
It should be stressed that the new regulations regarding the contracting of goods and services foresees an exclusive regime for contracting Angolan companies, a preference regime when national goods and services compete on equal terms with foreign companies and a competition regime.
