News from Cape Verde, Angola & Mozambique

Angola news update, December 20th

In Angola on December 20, 2009 at 4:58 pm

OIL

Angola, holder of the OPEC presidency and host of an OPEC meeting next week, is the least compliant with the group’s agreements to limit oil output, according to Reuters calculations.

Sonangol SA, Angola’s state-run oil producer said a number of companies have shown interest in partnering it to search for oil in Iraq (Bloomberg).

Angola’s oil exports are expected to remain above 1.8 million barrels per day in February, despite a slight drop on the previous month, according to export projections from operators in the country (Macauhub).

BANKING

The Angolan council of ministers approved the memorandum of understanding between the governments of Angola and Portugal to set up a bank in Angola, with a subsidiary in Portugal (Macauhub).

AIR TRAVEL

Angolan airline Taag, which has been on the European Union black list of flying in EU air space since June 2007, has had its safety standards internationally recognised, Portuguese newspaper Sol reported (Macauhub).