REPUBLIC OF ANGOLAPETROLEUM ACTIVITIES LAWENGLISH TRANSLATION PREPARED BYTHE LAW FIRMMIRANDA, CORREIA, AMENDOEIRA & ASSOCIADOSSociedade de AdvogadosTranslation© Sonangol E.P. 2Republic of AngolaLAW No. 10/04of 12 November 2004Law No. 13/78, of 26 August 1978 (General Petroleum Activities Law) constitutes alandmark in Angolan petroleum legislation, setting forth the fundamental principlesregulating the exploitation of the country’s petroleum potential in thepost-independence years, and thanks to which this major sector of the economy hasgone from strength to strength.Although the above Law may still be considered up-to-date in its general outline, inview of factors such as the natural growth of the Angolan oil industry, the consequentlygreater store of experience which has been built up and the implications of this for theimplementation of new concepts and practices in petroleum concessions, it has beendecided to revise the Law, in order to enrich and update its contents.This n...