Petroleum Economy of Angola

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angolan exports in 2009


angola produces , exports more petroleum other nation in sub-saharan africa, surpassing nigeria in 2000s. in january 2007 angola became member of opec. 2010 production expected double 2006 output level development of deep-water offshore oil fields. oil sales generated usd 1.71 billion in tax revenue in 2004 , makes 80% of government s budget, 5% increase 2003, , 45% of gdp.


chevron corporation produces , receives 400 kbbl/d (64×10^ m/d), 27% of angolan oil. total s.a., chevron corporation, exxonmobil, eni, petrobras, , bp operate in country.


block 0 provides majority of angola s crude oil production 370 kbbl/d (59×10^ m/d) produced annually. largest fields in block 0 takula (area a), numbi (area a), , kokongo (area b). chevron operates in block 0 39.2% share. sonangol, state oil company, total, , eni own rest of block. chevron operates angola s first producing deepwater section, block 14, 57 kbbl/d (9.1×10^ m/d).


the united nations has criticized angolan government using torture, rape, summary executions, arbitrary detention, , disappearances, actions angolan government has justified on need maintain oil output.


angola third-largest trading partner of united states in sub-saharan africa, largely because of petroleum exports. u.s. imports 7% of oil angola, 3 times as imported kuwait prior gulf war in 1991. u.s. government has invested usd $4 billion in angola s petroleum sector.


oil makes on 90% of angola s exports.








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