Angola: New oil tenders in Angola to be launched after elections

28 July 2008

Lisbon, Portugal, 28 July – The tenders for grating new oil concession in Angola will be scheduled for after the elections in September, Angolan prime minister, Fernando Dias dos Santos said Friday in Lisbon.

In Lisbon for a meeting of the Community of Portuguese-Speaking Countries (CPLP), the prime minister said that the elections were being prepared and that the “climate is very stable” and that after the elections, “we will be open to any proposals.”

Angola, which last year joined the Organisation of Petroleum Exporting Countries (OPEC), rivals Nigeria for top spot as Africa’s largest oil producer.

In June, Angola produced an average of 1.9 million barrels of oil per day whilst Nigeria, where attacks on oil pipelines and platforms have led to wells closing down, just 1.88 million barrels per day were produced.

When it joined OPEC Angola was given a production quota of 1.9 million barrels of oil per day. (macauhub)