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Angola: Government wants action on Opec quota crunch

THE GOVERNMENT is seeking, or plans to seek, a higher oil production quota from Opec, claiming a special need for revenues, according to reports last month. If it is successful, the main producers – Chevron, Total, ExxonMobil and BP – will avoid having to make sharp output cuts. Production in the first four months of the year has run at about 1.7m barrels a day (b/d) and is set to rise, bringing the country into conflict with the producers' organisation – of which Angola is providing the president this year. Middle East Economic Survey reported that Angola had written to Opec's secretary general, Abdullah al-Badri, to request special exemption from production quotas, arguing a great need fo

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