{"id":460195,"date":"2018-05-24T15:46:29","date_gmt":"2018-05-24T15:46:29","guid":{"rendered":"https:\/\/en.financialafrik.com\/?p=460195"},"modified":"2018-05-24T15:46:29","modified_gmt":"2018-05-24T15:46:29","slug":"angola-adopts-new-legislation-on-hydrocarbons","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2018\/05\/24\/angola-adopts-new-legislation-on-hydrocarbons\/","title":{"rendered":"Angola adopts new legislation on hydrocarbons"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>President Joao Louren\u00e7o has just given Angola a new law to regulate the sector of exploration and exploitation of natural gas.<br \/>\nThe new legislation describes a tax regime on the predominant gas fields of 5% on production and 25% on income. It also halves tax rates on marginal oil fields.<br \/>\nThis decision is part of a series of presidential decrees published in the Official Journal, which presents the details of new legislation dedicated to the development of marginal fields, the creation of a regulator for petroleum products and natural gas rights. .<br \/>\nIt should be noted that Angola did not have any specific legislation on natural gas exploration and production until then.<br \/>\nAccording to government data, the country&#8217;s oil production is expected to decrease by 36% by 2023. This explains President Joao Louren\u00e7o&#8217;s various initiatives aimed at boosting investment in a sector that accounts for 95% of the country&#8217;s exports.<br \/>\nRegulate the market for petroleum derivatives<br \/>\nThese presidential decrees are part of this process, and refines the legal definition of marginal fields as a discovery with reserves of less than 300 million barrels, while the tax on oil production has been reported from 20% to 10%. and that the oil tax has been reduced to 50%.<br \/>\nThey also provide for the establishment of a new body to regulate the market for petroleum derivatives including the import and distribution of fuels. Called IRDP (Petroleum Products Regulatory Institute), it is announced to be based in Luanda the capital.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>President Joao Louren\u00e7o has just given Angola a new law to regulate the sector of exploration and exploitation of natural gas. The new legislation describes a tax regime on the predominant gas fields of 5% on production and 25% on income. It also halves tax rates on marginal oil fields. This decision is part of<\/p>\n","protected":false},"author":533179,"featured_media":460198,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12028,12046],"tags":[429,14933],"class_list":{"0":"post-460195","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-energy","8":"category-leaders-en","9":"tag-angola","10":"tag-hydrocarbons","11":"post_format-post-format-aside","12":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Angola adopts new legislation on hydrocarbons - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, givemeaning to statistics. Our \u201cexaggerated pretensions\u201d inspire us. We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. 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We aspire to neutrality, but we assume our subjectivity\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.financialafrik.com\/en\/2018\/05\/24\/angola-adopts-new-legislation-on-hydrocarbons\/\" \/>\n<meta property=\"og:site_name\" content=\"Financial Afrik\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/FinancialAfrik\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-05-24T15:46:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.financialafrik.com\/en\/wp-content\/uploads\/2018\/05\/petrole-angola.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"592\" \/>\n\t<meta property=\"og:image:height\" content=\"296\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ndeye Magatte Kebe\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Financialafrik\" \/>\n<meta name=\"twitter:site\" content=\"@Financialafrik\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ndeye Magatte Kebe\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/05\\\/24\\\/angola-adopts-new-legislation-on-hydrocarbons\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/05\\\/24\\\/angola-adopts-new-legislation-on-hydrocarbons\\\/\"},\"author\":{\"name\":\"Ndeye Magatte Kebe\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#\\\/schema\\\/person\\\/55de6f6c153173c36b1543ff83ebe25e\"},\"headline\":\"Angola adopts new legislation on hydrocarbons\",\"datePublished\":\"2018-05-24T15:46:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/05\\\/24\\\/angola-adopts-new-legislation-on-hydrocarbons\\\/\"},\"wordCount\":247,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/05\\\/24\\\/angola-adopts-new-legislation-on-hydrocarbons\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/wp-content\\\/uploads\\\/2018\\\/05\\\/petrole-angola.jpg\",\"keywords\":[\"Angola\",\"hydrocarbons\"],\"articleSection\":[\"Energy\",\"Leaders\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/05\\\/24\\\/angola-adopts-new-legislation-on-hydrocarbons\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/05\\\/24\\\/angola-adopts-new-legislation-on-hydrocarbons\\\/\",\"url\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/05\\\/24\\\/angola-adopts-new-legislation-on-hydrocarbons\\\/\",\"name\":\"Angola adopts new legislation on hydrocarbons - Financial Afrik\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/05\\\/24\\\/angola-adopts-new-legislation-on-hydrocarbons\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2018\\\/05\\\/24\\\/angola-adopts-new-legislation-on-hydrocarbons\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/wp-content\\\/uploads\\\/2018\\\/05\\\/petrole-angola.jpg\",\"datePublished\":\"2018-05-24T15:46:29+00:00\",\"description\":\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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