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Angola faces oil production and development problems

The one-time tiger of the oil world has lost its way

Angola's escalating oil production has fuelled China, buoyed the US, and helped save the world from yet-higher crude prices. But recently the country has lost its way: production is static, development work is sluggish, and a planned exploration offer has been revised and delayed. Some say the loss of drive reflects a policy vacuum, possibly related to the retirement plans of the president, José Eduardo dos Santos, who has run the country since 1979. Dos Santos – known for his micro-management of the oil sector – was out of Angola for a long period last summer and there were rumours he was having medical treatment in Spain. In November a state-run newspaper reported that, at 71, he is consi

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