Angolan Oil Market
The angolan oil market has transformed the country being the predominate source of the countries income. Managed by the state oil company Sonangol, which produces 1.6 million barrels of light sweet crude oil per day, Angola light sweet crude oil contains low volumes of sulphur, making it ideal for the processing of gasoline, kerosene and high quality diesel. From January 2010 Angola had proven oil reserves of over 9 billion barrels. Sonangol has managed to go from a small oil player in the world to the largest oil producer in Africa; this accomplishment shows the business determination and skills of the angolan people.
Today Angola offers a stable and secure environment making it a great place to invest now and in the future.
Today Angola offers a stable and secure environment making it a great place to invest now and in the future.