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Angola's Oil Revival Depends Heavily on Foreign Influence - Bloomberg
Angola's Oil Revival Depends Heavily on Foreign Influence  Bloomberg

Total SA is positioning itself as Angola’s top foreign operator in the country’s efforts to revive oil production from the lowest level in more than a decade. The French energy giant could one day operate about 40% of the nation’s production, and is considering an additional investment of as much as $10 billion, according to Chief Executive Officer Patrick Pouyanne. That gives the company a decisive role in what’s become a major issue in Angola’s domestic politics as President Joao Lourenco vows to reverse economic problems caused by the industry’s decline. “Angola is one of the most import...

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