Africa Monitor

Africa Monitor Intelligence

Angola: Half of oil supplied to China to pay off debt

The obligation to supply oil to China and the decline in production mean that the profits arising from the current rise in the international prices of crude are limited. There are indications that the authorities have been pressuring Total to develop oil blocks 20 and 21, in which high potential oil and gas deposits (Cameia, Orca, Lontra, etc.) were discovered. READ MORE