Romania and Angola to sign oil and mining deals in 2010

3 December 2009

Luanda, Angola, 3 Dec – The governments of Angola and Romania are due in January 2010 to sign economic cooperation agreements in the oil, energy, geology and mining sectors, the Romanian ambassador to Angola, Iacob Prada said Wednesday in Luanda.

Speaking to Angolan news agency Angop to commemorate Romania’s National Day on 1 December, the ambassador said that an Angolan delegation from the Oil and Geology and Mining ministries was due to travel to Romania for negotiations.

The ambassador also said that the mission would be preceded by a visit by the Angolan Foreign Relations Minister, to prepare an official visit in January 2010 by President José Eduardo dos Santos to Romania and signing of the bilateral cooperation agreements.

Prada gave assurances that after the agreements were signed and taking into account Romania’s experience in these areas, Romania would invest in exploration and processing of iron, copper, diamonds and uranium, as well as in the energy and oil sectors.

In the oil sector, the diplomat said, Sonangol would place oil derivatives on the Romanian market for domestic consumption, as part of its internationalisation process.

The ambassador also said he was satisfied with the growth in bilateral trade, which totalled US$40 million in 2008, as compared to US$2.5 million a year earlier.

As well as oil sector activities, Romania provides technical assistance for the aircraft of Angolan airlines Taag and exports vehicles and agricultural equipment to Angola, whilst Angola exports wood, fruit and fruit juices to Romania. (macauhub)