In the mid-term plan approved by Presidential Decree No 258/17 was stipulated that one of the measures to be taken would be to create the basic principles and legal framework for the privatization of the corporate assets and the restructuring strategy of SONANGOL.
The National Agency for Oil, Gas and Biofuels (ANPG) is an independent regulator which was created to manage the country’s oil and gas concessions, which were previously handled by the state-owned SONANGOL.
ANPG will be with the management of concessions in a complete restructuring of the management of Angola’s oil and gas industry. Decree no. 112/18 of August 24 created the installation committee of ANPG. Now, the Presidential Decree no. 49/19 of February 6 creates the ANPG.
ANPG and SONANGOL, E.P. shall promote a survey of the human resources and assets owned by SONANGOL, -E.P., in order to correctly allocate them to each other within 120 days after the entry into force of this Presidential Decree no. 49/19.
ANPG has, among others, the following responsibilities:
- Implement the necessary actions for the adjudication and management of oil and natural gas contracts;
- implement the State's public policy in the field of Oil Industry;
- propose plans and programs for the evaluation of the reserves and exploitation of the country's hydrocarbon resources;
- prepare and promote bids for the concession of exploration, development and production, concluding the contracts resulting from them and controlling their execution;
- to propose processes for the declaration of public utility for the purposes of expropriation and institution of administrative easement of the areas necessary for the research, exploration, development and production of oil, gas and biofuels, pipelines and terminals;
- to create the regulatory framework and to authorize the practice of the cargo loading activities of oil, gas and biofuels;
- carry out activities to promote damages and bidding for the award of oil concessions;
- negotiate and conclude contracts;
- to assess and issue an opinion on the transfer to third parties of quotas or shares that represent more than 50% of the share capital of an associate of the National Concessionaire;
- audit the activity of operators;
- to monitor all activities carried out under hydrocarbon research and production contracts;
- aware of competitors' complaints, service providers and the general public and refer them to the competent bodies.
On the other hand, Executive Decree no. 51/19, of February 6, approved the Internal Regulation of the Oil Derivatives Regulatory Institute (IRDP).
The IRDP is endowed with legal personality, administrative, financial and patrimonial autonomy and is intended to perform the functions of coordination, orientation, control, supervision and regulation of all activities related to the Oil Derivatives Sector, which are developed in Angola.
The IRDP has, among others, the following responsibilities:
- protect the rights and interests of consumers in relation to prices, quality of services and products;
- arbitrate and resolve disputes arising within the scope of the Oil Derivatives Sector, in accordance with the legislation in force;
- to supervise the quality of products marketed in the domestic market, in order to guarantee the non-circulation of products with specifications prohibited by law, carrying out routine laboratory analyzes;
- regulate and supervise the import processes of oil products, following all its stages;
- to issue an opinion on tariffs and prices applicable to activities regulated by the sector;
- to regulate the commercial relationship between the different actors involved in the sector;
- regulate the distribution and marketing of natural gas in the internal market.