2nd
largest crude oil producer in Africa
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This analysis includes a comprehensive Angola energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With 2021 market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.
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Highlights
2nd
largest crude oil producer in Africa
72%
share of hydro in power mix
51%
share of biomass in the energy mix
Abstract
Institutions & Energy Policy
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 Supply
Oil:
Oil production has decreased by 39% since 2015, from 89.5 Mt to 54.3 Mt in 2021. It increased very rapidly as from 2000, reaching its peak level of 96 Mt in 2008 (multiplied by a factor of 2.6) and fluctuated around 80-90 Mt until 2015.
Energy Prices
Oil:
Prices have increased since 2013 in national currency due to recommendations from the IMF to reduce subsidies, which were estimated to cost around 4% of the GDP in 2013. In 2016, prices were readjusted to AOA 160/l for gasoline and to AOA 135/l for diesel. Those prices in local currency remained unchanged until 2022.
Energy Consumption
Overall per capita energy consumption is around 0.4 toe. Per capita electricity consumption is approximately 420 kWh (2021).
Issues & Prospects
Electricity:
The Angola Energy 2025 Vision, will seek to expand the electrification rate from 36% to around 60% by 2025 and increase installed capacity from 5.4 GW 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).
Below is a list of the Angola energy market report graphs:
In the Angola energy market report you will find the following tables:
The Angola energy market data since 1990 and up to 2021 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:
The Angola country report is complemented with a national power generation dashboard (excel file) from our Power Plant Tracker Service.
Data included in the excelsheet:
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