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Angola expanding oil and gas industry

25 Jul 2024 - by -
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The burgeoning oil and gas sectors in Namibia and Mozambique are poised to enhance project cargo logistics significantly in the foreseeable future. These developments promise to bring a new wave of economic activity, driven by substantial investments and infrastructure projects aimed at tapping into the rich hydrocarbon reserves in the region.Angola, one of Africa's largest oil producers, is also continuing to expand its oil and gas industry. Despite facing challenges in the past, the country has witnessed a resurgence in foreign investment and technological advancements aimed at increasing production ef f icienc y.According to Karel-Jan Nothnagel, CEO of Afrigo Global Logistics, this bodes well for logistics service providers who have seen volumes in the oil and gas sector steadily increasing in recent years. “We also continue to see major scope for growth in these countries,” he told Freight News.The company itself has been on a growth trajectory, not only expanding its office space at its headquarters in Cape Town but also its footprint. “The business continues to go from strength to strength,” said Nothnagel, indicating that its ability to deliver agile and f lexible solutions continued to stand it in good stead."In our industry, trust has always played a central role and will continue to do so. When someone is handing over their valuable cargo, it requires a high level of confidence in our ability to deliver," said Nothnagel. "This trust is built on a track record of reliability and efficiency. We understand the importance of each shipment and are committed to maintaining the highest standards of ser v ic e."Nothnagel said ongoing economic pressure continued to impact business, and it was not always easy out there. “We continue to work hard to diversify ourselves in the market, adding value to our clients. We have established a reliable network, and we are specialists in our field."In Angola, in particular, we have seen significant opportunities," he added. "Our expertise and local knowledge allow us to navigate the complexities of the region effectively, ensuring that we meet the unique needs of our clients. This focus on specialised services and local partnerships has been crucial in maintaining our competitive edge."He said the outlook for the rest of the year was quite positive, with volumes in Namibia and Mozambique expected to pick up in the third and fourth quarters. “We are also seeing more exploration taking place, with ongoing interest in oil and gas. This increased activity is a strong indicator of future growth and presents numerous opportunities for us to further expand our services and strengthen our market presence in these regions."

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