russ. port.
| Oil Production to Grow to Two Billion
Barrels per Day Alfredo Rafael, the head of licensing and
exploration in Angola’s Ministry of Petroleum announced at a
conference in The Hague that Angola plans to increase its crude
oil production to 2 billion barrels per day by 2008, up from
the current production rate of 1.3 billion b/d. Almost all of
the new production will come from 35 offshore blocks. The government
is also planning to hold a licensing round for onshore fields
by next year.
 Embassy of Republic of Angola, 2005 |