Related Articles
Forward article link
Share PDF with colleagues

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

Also in this section
Venezuela going for broke
16 January 2018
The Maduro government wants a new deal on its debt. Things are going to get messy
Iraqi Kurdistan sinking fast
11 January 2018
The future of the KRI's oil sector is uncertain, with the federal government determined to bring all the country's production and exports back under its wing
Iraqi Kurdistan's wrong turn
11 January 2018
Burdened by political and economic crises at home, the autonomous region faces difficult talks with a newly confident federal government in Baghdad