Angola May Privatize State-Owned Oil Firm To Boost Production ...Middle East

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OPEC member Angola was Africa’s top oil producer six years ago when oil prices crashed in 2015-2016, slashing oil-producing countries’ revenues and forcing international oil companies to reconsider their exorbitant spending plans made at $100 oil. Half a decade after the price crash that began in 2014, Angola is now the third-biggest oil producer in Africa, behind Nigeria and even behind conflict-ridden Libya. Angola is now betting on reviving its oil industry and jumpstarting its oil-dependent economy, which has…

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Last updated : 21 April 2021 clock 10:00 PM

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Angola May Privatize State-Owned Oil Firm To Boost Production ...Middle East

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