- Update
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- Format
- 3 files (PDF report, 2 Excel files)
- Pages
-
53 (Report only)
- Delivery
- Immediate by e-mail
- GENERAL OVERVIEW
- ENERGY AND CLIMATE POLICY FRAMEWORK
- ENERGY COMPANIES
- ENERGY SUPPLY AND DEMAND
- ENERGY USE AND PRICE BY SECTOR
- ISSUES AND PROSPECTS
- STATISTICS
- ABBREVIATIONS
- GLOSSARY
Buy Angola energy report
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Overview
Angola’s energy sector remains heavily reliant on oil, a key economic driver, while advancing gradual reforms to diversify into renewables and gas. Recent policy shifts aim to boost private investment, reduce emissions, and expand electrification through hydropower and solar projects.
Get more details on the table of contents and data files, as well as the list of graphs and tables by browsing the tabs below.
Highlights
- The oil sector accounted for around 30% of the country's GDP (2024). The country aims to reduce its GHG emissions by 5% in 2035, compared to a BaU scenario.
- TotalEnergies is the largest oil operator and Chevron the largest gas producer (both with around half of total operated production).
- PRODEL, a public company, operates around 2/3 of the total power capacity.
- Angola is the third largest oil producer in Africa. After a very rapid progression until 2020 (~12%/year), electricity production remained stable in 2023 and 2024. Hydropower represents 80% of the power mix. Gas flaring has been drastically reduced, from 70% in 2016 to 18% in 2024.
- Buildings represent around 60% of final consumption.
- In 2023 and 2024, the government significantly raised the prices of gasoline and diesel to better reflect real costs. Electricity tariffs are low and do not cover production costs.
- Angola aims to double its capacity by 2025 to around 10 GW and to reach a 60% electrification rate.
- The refining capacity will triple by 2026, with 330 kb/d under construction.
Energy & Climate Policy Framework
The Ministry of Mineral Resources, Oil, and Gas (MIREMPET) is in charge of the country's oil, gas, and biofuels activities. The Ministry of Energy and Water (MINEA) manages the electricity sector.
Energy Companies
Oil:
TotalEnergies is the country's largest oil operator (operated production of 493 kb/d in 2024, i.e. 43% of total production). It operates Block 17 (38% share, Equinor 23.33%), Block 17/06 (30%, SSI-Sonangol Sinopec International Ltd 27.5%, Sonangol 20%) and Block 32 (30% share, Sonangol 30%, SSI 20%, ExxonMobil 15% and Galp Energia 5%). TotalEnergies also holds stakes in Block 0 (10%).
Energy Supply & Demand
Oil:
Oil production has been fluctuating around 57-58 Mt since 2021, after a 38% decrease between 2015 and 2021. It increased very rapidly from 2000 to its peak level of 96 Mt in 2008 (multiplied by a factor of 2.6) and fluctuated around 80-90 Mt until 2015.
Energy Use and Price by Sector
Energy Prices in Residential:
The government adopted a 14% VAT tax to replace the Consumption Tax in 2019. The adoption of this tax and a cut on subsidies on electricity led to a significant readjustment of power tariffs (+97%), to an average of AOA 12.82/kWh (US$2c/kWh).
Issues & Prospects
Electricity:
The Angola Energy 2025 Vision will seek to expand the electrification rate to around 60% by 2025 and increase installed capacity to 9.9 GW, using up to 60% of hydropower. Under the Angola Energy plan for 2025, the country forecast US$23bn of investments (US$12bn in generation, US$4bn in transmission and US$7.5bn in distribution).
- Graph 1: Primary Consumption Trends by Energy Source
- Graph 2: Total Consumption Market Share by Energy (2024)
- Graph 3: Installed Electric Capacity by Source
- Graph 4: Installed Electric Capacity by Source (2024)
- Graph 5: Gross Power Production by Source & Consumption
- Graph 6: Power Generation by Source (2024)
- Graph 7: Crude Oil Production & Consumption
- Graph 8: Petroleum Products Production & Consumption
- Graph 9: Gas Production & Consumption
- Graph 10: Emissions of GHG and CO2 from Fuel Combustion
- Graph 11: Final Demand Trends by Energy Source
- Graph 12: Final Consumption by Sector
- Graph 13: Final Consumption Market Share by Sector (2024)
- Graph 14: Final Consumption in Industry by Energy Source
- Graph 15: Final Consumption in Transport by Energy Source
- Graph 16: Energy Prices in Transport (Taxes Included)
- Graph 17: Final Consumption in Residential, Services, Agriculture by Energy Source
- Graph 18: Upcoming New Capacity by Energy Source
- Economic Indicators: Annual historical data including population, GDP growth, imports and exports, inflation rate, energy security and efficiency indicators, CO2 emissions.
- Supply Indicators: Historical data including oil and gas reserves, electric and refining capacity, energy production, power production and external trade. All are detailed by energy source.
- Demand Indicators: Historical data including consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source and sector, and electricity consumption by sector.
- Energy Balances: Single table displaying the overall energy industry balance per annum, also graphically displayed by energy sub-segment.
The Angola energy market data since 1990 and up to
is included in the Excel file accompanying the Angola country report.
It showcases the historical evolution, allowing users to easily work with the data.
Key Data included in the excelsheet:
- Economic indicators: Annual historical economic indicators, energy security, energy efficiency and CO2 emissions.
- Supply indicators: Annual historical reserves, capacity, production and external trade (imports(+) exports(-) balance).
- Demand indicators: Annual historical consumption per capita, consumption trends, total consumption, final consumption (per energy and per sector) and electricity consumption total and per sector.
- Energy Balance: total and per energy.
- Angola Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the Angola energy prices for the follow items: price of premium gasoline (taxes incl.), price of diesel (taxes incl.), price of electricity in industry (taxes incl.), price of electricity for households (taxes incl.), price of natural gas in industry (taxes incl.), prices of natural gas for households (taxes incl.), spot price of Brent and CO2 emissions (from fuel combustion).