Angola wants to become member of OPEC

2 June 2006

Caracas, Venezuela, 02 June – The Organization of Petroleum Exporting Countries (OPEC) is assessing a request from Angola to become a member of the organization, along with another from Sudan, the Venezuelan representative of the oil cartel said.

The two countries, said Ivan Orellana, quoted by international news agencies, “submitted their requests, and now the decisions is up to the ministers,” of OPEC member countries, who will meet in Caracas over the next few days.

“Other countries, including those in Latin America, have also submitted applications,” Orellana said, who declined to name these candidates.

The Angolan authorities have yet to comment on the subject.

The Qatar oil minister has already said he is willing to support the entry of new members.

If the new members are admitted, Angola and Sudan would be the first countries to join OPEC since 1971, when Nigeria, Africa’s largest oil producer became a member of the cartel, which represents around 40 percent of world oil production.

Ecuador left the organization in 1992, as did Gabon in 1995.

The current president of OPEC, the Nigerian oil minister, Edmund Daukoru, recently visited Angola and Sudan, as part of the applications to join the organization.

Angola is currently an OPEC and has annual production estimated at 1.2 million barrels per day, which is expected to reach 2 million barrels per day within three years, according to state oil company Sonangol. (macauhub)