London, July 2 (The Energy Circle) - In a significant development marking the deepening of relations between Ivory Coast and Angola, a bilateral agreement centred on the energy sector, especially oil and gas, was signed during the recent state visit of Angolan President João Lourenço to Abidjan. This agreement, finalised between 27th and 29th June, is a testament to the growing partnership between the two countries, with trade between them having surged by 74% from 2021 to 2022.

The energy deal is one of 13 agreements encompassing various areas, including mineral resources and scientific research, and aims to boost the countries' collaboration in hydrocarbon exploration and production. The focus on local content is crucial as both nations strive to maximise the benefits of their petroleum resources.

José de Lima Massano, Angola's State Minister for Economic Coordination, emphasised the importance of fostering investments and forming partnerships. He highlighted the need to optimise resources and improve economic and social gains through this strengthened cooperation.