Angola’s National Assembly has approved on Thursday the granting of tax incentives to six oil blocks as part of efforts to attract investment and support growth in the country’s petroleum sector.
The measures target oil exploration areas considered technically complex and associated with high geological risks, with the government seeking to improve their commercial attractiveness.
The approved incentives cover blocks operated by major international oil companies, including Chevron, TotalEnergies and BP, among others. The decision follows the Council of Ministers’ approval on June 22, 2026, of proposals authorising the granting of specific fiscal benefits for selected oil concessions.
The Government said the incentives are expected to encourage exploration and production activities, sustain oil output and strengthen Angola’s position as a key energy producer.