Angolan petroleum industry resolves 95 % of Y2K problems

Aug 30, 1999 02:00 AM

Angola's petroleum industry has resolved 95 % of its potential Y2K problems as the new millennium draws near, Angolan Vice-Minister of Science and Technology said here.
Pedro Sebastiao Teta was quoted by official radio station RNA as saying that the country's petroliferous sector is in a state of "95 % conformation" in relation to the potential Y2K problems arising from short-sighted design. The reason for this progress is that the petroliferous companies operating in Angola have been benefiting from information exchanges and guarantees of their equipment providers, Teta said.
But Teta expressed his anxiety for the financial sector, saying that the government is worrying about the Y2K problems which may affect the countibility, salary processing, pension calculation, bank transference and international banking business.
He revealed that thanks to an agreement signed with the World Bank on the modernisation of the country's information system, changes and replacements of computers of the Angolan banks are underway.

Source: Xinhua via Newspage
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