7 Hrs
Source:
المشهد العربي
Source: المشهد العربي
7 Hrsالمشهد العربي
Source: المشهد العربي
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Angola, Africa’s third-largest oil producer, aims to keep output above one million barrels per day through regulatory and legislative reforms and by boosting investment and exploration to offset declining production from mature fields. President João Lourenço said oil remains a cornerstone of the economy, despite accounting for more than 90% of exports. GDP grew by 5.3% in the first quarter, compared with 6.2% growth in non-oil sectors. The country plans to speed up the awarding of oil and gas exploration concessions starting next year, as part of a 25-year plan to attract investment and support production.
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