Middle East / Africa
Country profile: Angola
| Location: | Southern Africa, bordering the South Atlantic Ocean, between Namibia and Democratic Republic of the Congo,0 |
| Climate: | semiarid in south and along coast to Luanda; north has cool, dry season (May to October) and hot, rainy season (November to April) |
| Terrain: | narrow coastal plain rises abruptly to vast interior plateau |
| Size: | 1246700 sq. km total (Land area: 1246700 sq. km ) |
| Population: | 12,531,357(July 2008 est.) |
| Languages: | Portuguese (official), Bantu and other African languages |
| Government: | republic; multiparty presidential regime |
| Capital city: | Luanda |
| Legal system: | based on Portuguese civil law system and customary law; modified to accommodate political pluralism and increased use of free markets; has not accepted compulsory ICJ jurisdiction |
| Currency: | kwanza (AOA) |
| Licensing: |
Country profile
Angola is the third largest oil producer in Africa behind Nigeria and Libya and is expected to have significant oil production increases in the short-term as new offshore projects come online. On January 1, 2007, Angola became the 12th member of the Organization of Petroleum Exporting Countries (OPEC) and in December of that year, received an oil production quota of 1.9 million barrels per day (bbl/d) effective January 1, 2008.
Angola is still rebuilding infrastructure destroyed during the country’s 27-year civil war that came to an end in 2002. Although the country is beginning to see growth and stability, challenges persist—around 70% of the population still lives on less than US$1/day; the World Bank ranks Angola as one of the most difficult places in the world to do business as a result of cronyism and bureaucracy; and there are persistent allegations of corruption and lack of transparency in public finance.
In recent years, China has agreed to provide multi-billion dollar oil-backed loans to fund infrastructure development. These loans are costly and repayment depends heavily on international oil prices. But at the same time, Chinese support has placed Angola in a position where it could break ties with the International Monetary Fund (IMF) over economic support programs that require, among other things, governance and transparency. Nonetheless, the country is experiencing high levels of foreign direct investment (FDI), particularly in the oil sector.
Energy production and consumption
| Oil | Gas | |
| Production: | 1 million bbl/day (2005 est.) | 767 million cu m (2005 est.) |
| Consumption: | 50,000 bbl/day (2005 est.) | 767 million cu m (2005 est.) |
| Exports: | 1 million bbl/day (2004) | (2005 est.) |
| Imports: | 18,290 bbl/day (2004) | (2005) |
| Reserves: | 25 billion bbl (2007 est.) | 44 billion cu m (1 January 2006 est.) |
| Major fields: |
Angola - recent news
| 23 Jun 25 |
Angola: Afentra initials Risk Service Contract for Block KON4, located in the onshore Kwanza basin, Angola Afentra, the upstream oil and gas company focused on acquiring production and development assets in Africa, announces that it has initialled a Risk Service Contract ('RSC') for Block KON4, located in the onshore Kwanza basin, Angola. |
| 19 Jun 25 |
Angola: Afentra agrees to acquire additional interests in Blocks 3/05 and 3/05A, offshore Angola AIM-listed Afentra, the upstream oil and gas company focused on acquiring mature production and development assets in Africa, has announced that its wholly-owned subsidiary, Afentra (Angola), has agreed to jointly acquire, alongside Etablissements Maurel & Prom, ('M&P'), Etu Energias 10% interest in Blocks 3/05 and 13.33% interest in Block 3/05A, offshore Angola. |
| 18 Apr 25 |
Angola: ReconAfrica announces an agreement for a joint exploration project in Angola 'ReconAfrica has announced an agreement for a joint exploration project in Angola with ANPG. ReconAfrica has entered into a Memorandum of Understanding ('MOU') with ANPG for a joint exploration project in the Etosha-Okavango basin, located onshore in southeastern Angola. |
| 18 Mar 25 |
Angola: Afentra to acquire the interests in Blocks 3/05 and 3/05A held by Etu Energias Afentra notes the recent press speculation and confirms that Afentra, and another of its joint venture partners, is in discussions to acquire the interests in Blocks 3/05 (10%) and 3/05A (13.5%) held by Etu Energias. |
| 26 Feb 25 |
Angola: TGS completes reprocessing of MC3D GeoStreamer seismic offshore Lower Congo Basin, Angola TGS has announced the completion of the reprocessing of the Block 16 GeoStreamer MC3D seismic dataset in Angola’s Lower Congo Basin, in partnership with Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG). |
Angola - more news
Other countries in this region
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- Cameroon,
- Central Africa Republic,
- Chad,
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- Congo (Brazzaville),
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