Angola expects to increase output

Feb 01, 2001 01:00 AM

Angola expects to increase its petroleum output to some 914,755 bpd in 2003, almost 24 % more than last year's average, according to the state-owned Sonangol oil company. The increase will be contributed largely by new off-shore oil fields, including the Kuito, Girassol, Dalia, Hungo and Chocalho fields.
To cope with the boom, the company says it will privatise some of its divisions and construct a new oil refinery in Lobito, in the central coastal Benguela Province. A natural gas project will also be kicked start to reduce the environmentally-damaging flaring of gas, as well as to make better use of the country's considerable energy resources.

Angola is currently Africa's second largest oil-exporting nation after Nigeria, with an oil yield of about 740 000 bpd last year.

Source: Energy24
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