Latest news with #infrastructuredevelopment
Zawya
5 days ago
- Business
- Zawya
Strategic Topics, Technical Insights: Angola Oil & Gas (AOG) 2025 to Offer Multi-Track Program
This year's edition of the Angola Oil&Gas (AOG) conference&exhibition will feature a multi-track program examining how regulatory reform, foreign investment and domestic growth have shaped the market over the past five decades, and how greater collaboration, capital expenditure and local participation will shape the next 50 years of development. Strategic Track The AOG 2025 Strategic Track will feature a series of panel discussions, keynote addresses and in-conversation with sessions, all of which aim to provide key insight into the state of play of Angola's oil and gas market. A session on Angola at 50: The Oil&Gas Industry – a catalyst for economic transformation will examine the role oil and gas has and will continue to play in unlocking economic opportunities for the country – from job creation to fuel security to revenue generation and infrastructure development. Meanwhile, with the country on track for a $60 billion upstream investment drive in the coming five years and a 2025 licensing round set to offer 10 blocks in the offshore Kwanza and Benguela basins, Angola offers strategic investment opportunities for exploration and production firms. The AOG 2025 Strategic Track will feature sessions on The Role of Onshore&Shallow Water Operations in Maintaining Production Levels; and Strategic Partnerships: Unlocking Africa's Deepwater Potential, tackling development opportunities across the market. Additionally, sessions on From Extraction to Expansion: Financing Angola's Oil&Gas Development and Increased Production Through Investment Friendly Reforms, will examine the impact reform has played on the market and how amended policies and improved fiscals have strengthened the competitiveness of doing business in Angola. Beyond the upstream sector, Angola targets 445,000 bpd in refining capacity, with a focus on reducing petroleum imports and bolstering regional fuel security. The Strategic Track will share insight into these objectives, with sessions on Towards a Secure Energy Future: Accelerating Downstream Development to Meet Market Demands; The Role of National Champions in Angola's Development; Strategic Investments in Angola's Logistics and Energy Infrastructure; and Building Tomorrow's Workforce. Technical Track Geared towards service companies, innovators and data analytics firms, the AOG 2025 Technical Track will examine how technology-driven solutions will support oil and gas development in Angola. The Technical Track aligns closely with the broader goals of the nation to increase exploration, accelerate low-carbon fuel production while unlocking new opportunities for sustainable development. Sessions on Driving Investment for Seismic Opportunities in Angola and Best Practice Strategies for Successful Exploration in the Okavango Basin will explore the impact data and technology play on unlocking new frontiers in Angola. Additionally, sessions on Economic Diversification Through Gas; Towards Net-Zero: Decarbonizing Operations; and AI and Machine-Learning: Enhancing Efficiency, Safety and Minimizing Environmental Impact will provide critical insight into emerging opportunities in Angola's low-carbon space. Focus areas will include natural gas projects, how technology such as machine learning can enhance efficiency while reducing emissions and the role research and development plays in supporting Angolan oil and gas development. In addition to panel discussions, a series of presentations will take place across the Technical Track, led by global data and analytics providers, Angolan government leaders and major operators. Additional Features In addition to the main conference program, AOG 2025 will host a dedicated deal-room. Designed as a high-impact 'Dragon's Den' style platform, the deal room offers Angolan entrepreneurs and innovators the chance to pitch their products and services to global operators. The deal room fosters collaboration, local participation and partnerships. Meanwhile, AOG 2025 will also host a pre-conference program on September 2, ahead of the main conference agenda. The pre-conference includes specialized workshops and sessions led by experts and is designed for engineers, geologists, project managers and financiers. Distributed by APO Group on behalf of Energy Capital&Power.
Zawya
30-05-2025
- Business
- Zawya
UAE and Malaysia's Perak State Development Corporation sign MoU to facilitate investments in food security and support the development of the Bagan Datuk International Sea-Hub Multipurpose Terminal
Non-oil bilateral trade between the UAE and Malaysia reached USD 4.9 billion in 2023 and USD4 billion in the first nine months of 2024, reflecting a strong and growing economic partnership between the two countries. Abu Dhabi – The Ministry of Investment of the United Arab Emirates and the Perak State Development Corporation in Malaysia have signed a Memorandum of Understanding (MoU) to support co-operation in the field of food security. The agreement also includes the development of the Bagan Datuk International Sea-Hub Multipurpose Terminal in Perak State, reinforcing both parties' commitment to global supply chains and sustainable economic growth through strategic infrastructure development. The MoU was signed by His Excellency Mohamed Hassan Alsuwaidi, UAE Minister of Investment, and Yab Dato' Seri Haji Saarani Bin Mohamad, Chairman of Perak State Development Corporation. The two parties will work together to explore opportunities for investment in food security, building on the Comprehensive Economic Partnership Agreement (CEPA) signed between the UAE and Malaysia in January 2025. His Excellency Mohamed Hassan Alsuwaidi, UAE Minister of Investment said: 'This Memorandum with the Perak State Development Corporation underscores our shared commitment to bolstering regional supply chain resilience and driving sustainable development. Through this partnership, we aim to create meaningful international collaborations that deliver tangible value to both parties, while also contributing to the stability of the global food system.' Yab Dato' Seri Haji Saarani Bin Mohamad, Chairman of Perak State Development Corporation added: 'We are pleased to formalize this partnership with the UAE Ministry of Investment, which will advance our agricultural sector and infrastructure development objectives, and our role in global food security. The Bagan Datuk International Sea-Hub Multipurpose Terminal will serve as a critical gateway for Malaysia's food exports while strengthening our position in global supply chains. We greatly value our partnership with the UAE and look forward to working together.' The UAE and Malaysia have a strong relationship with increasing economic and trade ties. Non-oil bilateral trade reached USD 4.9 billion in 2023 and USD4 billion in the first nine months of 2024. The UAE is Malaysia's second-largest trading partner in the Middle East accounting for 32% of Malaysia's trade volume with the region, and Malaysia is the UAE's 12th largest Asian trading partner. About the Ministry of Investment of the UAE The Ministry of Investment plays a pivotal role in solidifying the UAE's position as a global investment hub with world-class connectivity to international markets. By attracting foreign direct investment in critical sectors and fostering private and private sector collaboration, the Ministry leverages the UAE's fit-for-purpose, investor-friendly environment and ambitious economic diversification goals, positioning the nation as a resilient and forward-looking destination for global investors and enterprises. About Invest UAE Invest UAE is a platform by the Ministry of Investment dedicated to enhancing the UAE's investment ecosystem and positioning the UAE as a leading global investment hub. Under the Ministry's leadership, Invest UAE aims to attract and facilitate foreign direct investment across multiple sectors of the UAE's economy and encourage partnerships between global investors and nations. Its purpose is to create a setting where people, businesses, and capital can thrive, reinforcing the UAE's position as a compelling investment destination for all.
