(AGENPARL) – Thu 04 September 2025 The President of Angola João Lourenço meets Eni CEO Claudio
Descalzi
Luanda (Angola), 4 September 2025 – The President of the Republic of Angola João
Gonçalves Lourenço and the CEO of Eni Claudio Descalzi met in Luanda to review Azule
Energy’s progress as well as Eni’s activities in the country, and to discuss future initiatives.
The meeting takes place as Angola celebrates 50 years of independence and was preceded
by a separate encounter with Angola’s Minister of Mineral Resources, Oil and Gas
Diamantino Azevedo, with the Chairman of Angola’s Oil, Gas and Biofuels Agency (ANPG)
Paulino Jeronimo, and with the CEO of Sonangol Sebastião Gaspar Martins.
Mr. Descalzi and the President reviewed the activities of Azule Energy, the JV between Eni
and bp, which has proven to be a very successful business combination. Azule Energy has
had outstanding performances both in exploration, with discoveries in Angola and Namibia,
and in delivering projects ahead of plan: it has recently started production from the Agogo
FPSO, just 29 months since final investment decision and 10 months ahead of the original
plan, and it aims at making Agogo FPSO the first Carbon Neutral FPSO in Angola with a
plan to compensate emissions with carbon compensation projects. With 230,000 boed
gross operated production Azule is the leading producer in the country, and has plans to
achieve 370,000 boed by end 2026 with the ramp up of Integrated West Hub and startup of
New Gas Consortium (NGC), the first non-associated gas project in the country. NGC will
boost LNG production for export, ensuring the country’s contribution to energy security.
Mr. Descalzi also updated the President on the ongoing support to Luanda refinery, which
has led to increased reliability, and on the progress of studies for a bio-refinery dedicated
primarily to sustainable aviation fuel.
Mr. Descalzi and the President discussed the company’s ongoing initiatives to improve
access to health, access to education, and economic diversification. Among other projects,
Azule and Italy’s Monzino Hospital have been supporting Luanda’s Cardiopulmonary
Hospital Complex Cardeal Dom Alexandre do Nascimento. Through Cabinda’s Integrated
Project over 700 beneficiaries received training on business management, financial
education and activation and boosting of small businesses. Azule has planned the
construction and rehabilitation of 14 education facilities which will benefit over 17.000
children. Finally, building on the legacy of bp and Eni, Azule is the most important private
funder of the demining activities performed by The Halo Trust to ensure complete landmine
clearance of the province of Benguela.
Finally, Mr. Descalzi and Mr. Lourenço discussed Eni’s activities in the areas of sustainable
mobility and carbon offset. A first campaign of agrifeedstock production has been conducted
in 2025 involving 2000 farmers, and vegetable oil production is expected to reach 5 ktons
by year end from both crops cultivated on degraded lands and the collection of Used
Cooking Oil. The Clean Cooking program, launched in 2024, has already reached more than
500.000 people across 7 Provinces and aims to reach more than 2 million people by 2030.
So far, the project has created employment for approximately 200 people involved in the
production and distribution of improved stoves, a number that is projected to grow to more
than 400 in the coming years, with a focus on youth and women. As a distinctive model,
nearly 90% of the improved cookstoves distributed in Angola will be produced locally, thus
contributing to the development of entrepreneurship, technical skills and creating job
opportunities.
Eni Company Contacts:
Website: http://www.eni.com