Angola

As the third largest oil producer in Africa, Angola’s economy relies heavily on oil and gas production, accounting for approximately one-third of the country’s GDP. In 2022, oil accounted for about 87% – or USD 40 billion – of the country’s total export earnings. In addition, Angola ranks as the world's third largest diamond exporter by value, with exports exceeding USD 2.1 billion in 2022. 

Angola’s decision to join the EITI reflects its commitment to combat corruption, enhance transparency, improve the investment climate and strengthen domestic resource mobilisation. To support these objectives, Angola’s EITI work plan prioritises contract and beneficial ownership disclosures, systematic reporting of extractive revenues and assessment of the impact of the energy transition. The government has initiated regulatory and institutional reforms, including restructuring state-owned enterprises such as the national oil company Sonangol, the national diamond mining company ENDIAMA and the national diamond trading company SODIAM. It has also established new regulatory institutions such as the National Agency for Petroleum, Gas and Biofuels (ANPG) and the National Agency for Mineral Resources (ANRM), to oversee the allocation of oil, gas and mining rights. The Angola EITI work plan also includes evaluating the effectiveness of these reforms and the transparency of state-owned enterprises.

• Angola is using the EITI to promote debate on disclosure constraints related to taxpayer confidentiality and the publication of contracts. 
• Angola has used EITI reporting to disclose some data on oil-backed loans, including two active credit lines with Eximbank of China and BDC as of the end of 2022. In that year, 35% of debt servicing was oil-guaranteed, and the total stock of oil-backed public debt stood at USD 16 billion, with USD 2.5 billion held by Eximbank of China and USD 13.6 billion by BDC. 

Angola imposes a petroleum tax, which is calculated based on the quantity of crude oil or natural gas produced. The Law on the Taxation of Petroleum Activities defines the sector’s tax regime, including petroleum production tax, petroleum income tax, petroleum transaction tax, surface fees and contributions to local content. In the mining sector, tax obligations include income tax, royalties, surface fees and artisanal rates.

Other key laws governing the sector include the Petroleum Activities Law, the general strategy for awarding oil concessions for the period 2019-2025, the Mining Code and the mining sector governance model. Most extractive sector tax and fee payments are channelled to the state via the Ministry of Finance (MINFIN), which transfers revenues to the General State Account (CGA) for allocation via the General State Budget (OGE). The Ministry of Mineral Resources, Petroleum and Gas, along with regulatory agencies such as the National Agency of Mineral Resources (ANRM) and the National Agency of Petroleum, Gas and Biofuels (ANPG), oversee sector-specific levies.

Since early 2020, the Angolan government has expedited extractive sector reforms, notably by establishing the ANPG as National Concessionaire (granting authority) and the ANRM as the mining sector regulator.

Legal barriers prevent the disclosure of tax and non-tax payments and revenues disaggregated by taxpayer. The government is pursuing reforms to address these constraints while exploring alternative ways to enhance transparency and accountability, within legal limits. As part of a pilot initiative approved by MINFIN and the Ministry of Mineral Resources, Oil and Gas (MIREMPET), two major extractive companies  were selected to disclose certain payment and revenue data to advance financial reconciliation efforts. 

Oil and gas rights are awarded by ANPG through competitive bidding, direct negotiations or restricted public tenders, while mining licences are granted by ANRM through public tenders or through direct negotiations upon request. Angola’s legal framework does not mandate public disclosure of contracts, and legal barriers – such as Order 409/06 and the Petroleum Activities Law – restrict the disclosure of oil and gas contracts.

Exploration and production blocks are listed on the ANPG website, alongside the 2019-2025 bidding strategy map. The main terms of mining contracts are published in the National Gazette, while the list of active petroleum and mining licenses is available in the EITI Report. A roadmap is being developed to advance contract and licence transparency.

Angola does not have a publicly accessible mining cadastre. MIREMPET is developing the Angolan Digital Mining Cadastre (CMA) to automate mining licensing and registration. Part of the National Development Plan 2023-2027, the CMA aims to improve digital access for investors and stakeholders. 

Angola is undertaking legislative reforms to strengthen beneficial ownership transparency, including amendments to the Law on Preventing and Combating Money Laundering, the Financing of Terrorism and the Proliferation of Weapons of Mass Destruction. Revisions to the legislation on politically exposed persons (PEPs), the Commercial Companies Law and the National PEP List are also underway. 

As part of its the partnership with the EU Global Facility, Angola is implementing training and initiative to improve beneficial ownership transparency, including establishing a national registry. 

The 2022 EITI Report piloted beneficial ownership data collection but obtained information from only one company and stock exchange listing confirmations from seven companies. Angola’s EITI multi-stakeholder group is developing a roadmap to strengthen beneficial ownership transparency. 

Angola EITI is administered by the Angola Multi-Stakeholder Group (MSG), also known as the EITI National Coordinating Committee (CNC). The MSG is hosted by the Ministry of Mineral Resources, Petroleum and Gas and is currently chaired by Mr. Diamantino Azevedo, Minister of Mineral Resources, Petroleum and Gas.