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Angola Looking for Russian Involvement in Oil Sector

OIL

Angola is interested in Russian investment within its oil projects according to the Angolan delegation at the African Energy Week in Cape Town.

  • "Angola currently has proven reserves of oil in the amount of 8.2 bln barrels and of gas equaling 13.2 trillion cubic feet," the representative said.
  • "Blocs of a number of major fields have been offered for development with the participation of foreign investors. Angola is interested both in the Russian capital and in the knowledge of Russian specialists," they added.
  • Angola is to load 1.13m b/d of crude in December, according to a provisional schedule seen by Bloomberg, slightly higher than Novembers expected pace of 1.11m b/d.
  • The final December pace is schedule for release elater this month.
Energy BulletsCommodities
Energy BulletsCommodities

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