Angola Oil And Gas News
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  • Angola has become the largest crude oil producing country in Africa, surpassing Nigeria in 2009 due to attacks on the oil infrastructure in the Niger Delta. Oil plays an important role in the Angolan economy, accounting for over 90 percent of export revenues and over 80 percent of GDP.
  • Despite crude oil production limitations imposed by OPEC, Angola is expected to increase oil production and capacity in the short-term as new offshore projects come online and foreign investment continues to flow into the sector.
  • Natural gas production in Angola is tied directly to oil production and is often vented or flared, with limited volumes consumed domestically. Plans are underway to capture and market this natural gas for domestic electricity generation and to export most of it in the form of liquefied natural gas (LNG) by 2012.


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