Africa’s second largest oil producer quits OPEC ...News

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Africa’s second largest oil producer quits OPEC
Angola is leaving the alliance following 16 years of membership Angola is leaving the Organization of the Petroleum Exporting Countries (OPEC) because membership is not serving its interests, Oil Minister Diamantino Azevedo announced on Thursday. The African nation, which joined the alliance in 2007, reportedly produces about 1.1 million barrels of oil per day (bpd), compared with 28 million bpd for the whole group. Confirming an earlier report by local news agency ANGOP, the minister said “it was not a decision made lightly – the time has come.”  “Our role in the organization was not deemed relevant,” Azevedo add

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