Oil production in Angola to grow 43 percent in 2008

19 April 2007

Luanda, Angola, 19 April – Angolan oil production is expected to increase by 43 percent in 2008, representing an average of 2 million barrels per day, legal expert and university professor Carlos Feijó said in Luanda Wednesday.

Speaking at the opening ceremony of the post-graduate program in Oil and Gas Law, Feijó said that Angola’s gross domestic product (GDP) would see growth of around 30 percent, with the oil sector being the main factor behind the economy’s growth, with expansion of 33 percent.

According to Feijó, it is important for Angola, as one of the countries with greatest oil growth in the world, to promote university training for oil research, thus improving the workforce through education.

“Oil provides a point of convergence between foreign policy, international economic considerations, national security and corporate interests,” he noted.

The president of BP Angola, José Patrício, said that Angola, a country with high levels of economic growth, requires over 8,000 engineers and geo-scientists by the end of the decade in order to keep up with the demands of economic development and recovery.

“This is how the cooperation protocol between Agostinho Neto University and BP came up, under the terms of which our company is financing a program for qualitative and quantitative support for engineers and geo-scientists at the Engineering and Sciences faculties,” he said. (macauhub)