Sonangol and Azule Energy sign agreement for cooperation on decarbonisation

PRESS RELEASESonangol and Azule Energy sign agreement for cooperation on decarbonisation in AngolaLuanda, 13 September 2023 – Sonangol, Angola's national oil company, and Azule Energy, have signed a Memorandum of Understanding (MoU) to create synergies between the companies to drive decarbonization initiatives and promote the use of clean energy.Key objectives include identifying shared interests in decarbonisation, establishing a framework to assess potential collaborations, and exploring renewable energy projects such as solar and wind, blue hydrogen, and nature-based solutions.The partnership also seeks to conduct joint studies on carbon taxes and credits.For Adriano Mongini, CEO of Azule Energy: "The decarbonization process is part of Azule Energy's mission, with the aim of strengthening the Angolan energy sector."The MoU was signed during the Angola Oil and Gas Conference in Luanda, with the presence of Minister of Mineral Resources, Petroleum and Gas, Diamantino Azevedo.About Azule EnergyAzule Energy is an international energy company headquartered in Angola, with daily production of approximately 220,000 barrels of oil.Contacts Azule Energy:Carolina Barros | Media Relations Advisor(+244) 923768411; carolina.barros@azule-energy.com