On Thursday, Oman and Angola signed an agreement for mineral investments and two MoUs focused on energy cooperation and strategic financial initiatives during President Joao Lourenco’s official visit. The signing was officiated by key representatives from both nations and attended by dignitaries. President Lourenco’s visit concluded on Saturday with formal farewells from Omani officials.
On Thursday, under the auspices of His Majesty Sultan Haitham bin Tarik, an agreement and two memoranda of understanding (MoUs) were signed at Al Alam Palace during the official visit of President Joao Lourenco of Angola to the Sultanate of Oman. The agreement pertains to securing a stake in Angola’s Catoca and Luele mines, while the first MoU establishes collaborative efforts within the energy sector. The second MoU focuses on exploring potential partnerships in strategic financial initiatives. Abdulsalam bin Mohammed al Murshidi, Chairman of the Oman Investment Authority, represented Oman in the signing, with the Angolan side being represented by Diamantino Pedro Azevedo, Minister of Mineral Resources, Oil and Gas, and Vera Esperança dos Santos, Minister of Finance. The signing ceremony was graced by members of the royal family, various ministers, military leaders, and the Angolan delegation.
President Lourenco’s official engagement in Oman concluded on Saturday, marking a significant diplomatic exchange between the two nations. The President was seen off at the Royal Airport by notable figures including Abdulsalam Mohammed al Murshidi, H.E. Dr. Rahma Ibrahim al Mahrouqi, Minister of Higher Education, Research and Innovation, H.E. Dr. Said Mohammed al Saqri, Minister of Economy, and H.E. Dr. Frederico Cardoso, the Non-Resident Ambassador of Angola to Oman.
The signing of the agreement and MoUs signifies a growing partnership between Oman and Angola, particularly in the fields of mineral resources and energy, which are critical sectors for both nations. The agreement allows Oman Investment Authority to invest in Angola’s key mining operations, enhancing economic ties and fostering cooperation. Similarly, the MoUs lay the groundwork for further collaboration in energy and strategic financial ventures, which are vital for the development of both countries’ economies. Diplomatic visits such as this are instrumental in strengthening international relations and economic collaboration between nations.
In conclusion, the recent signing of an agreement and two MoUs between Oman and Angola exemplifies a strong commitment to enhancing cooperative initiatives in the fields of mining, energy, and finance. These strategic partnerships are expected to bolster economic relations and pave the way for future collaborations. The successful conclusion of President Lourenco’s visit marks an important step in fostering bilateral relations, with both nations poised for mutual benefit in various sectors.
Original Source: www.muscatdaily.com
