安哥拉石油管理政策变迁及对中国企业海外石油投资的启示OACHSSCD

Angola is an important oil trading partner and investment destination for China in Africa.Since President João Lourenço took office in 2017 and particularly after Angola's withdrawal from OPEC at the end of 2023,it has accelerated institutional reforms in the oil and gas sector,introducing a series of new arrangements in three areas:regulatory framework,fiscal and taxation policies,and block licensing.Meanwhile,its core terms of petroleum contracts including contract model selection,fiscal allocation,localization requirements,and dispute resolution mechanisms have undergone significant adjustments.The essence of Angola's institutional transformation lies in the balance pursued by resource-rich countries between short-term fiscal revenue and long-term production capacity maintenance.Based on the investment practices of Chinese enterprises in Angola and the actual challenges,this paper proposes implications and recommendations for China's overseas oil investments across four stages:entity due diligence and institutional assessment before contract signing,contractual design and proactive negotiation when signing,evidence management and dynamic monitoring during implementation,and experience accumulation and localization development after project completion.Chinese enterprises should advance risk management measures and integrate institutional alignment,contractual negotiation,and localization capacity building throughout the entire project lifecycle to achieve sustainable long-term returns in the global competition.