Angola bounces back after slump in fuel production - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

Participants in Angola's oil industry are hoping political reforms can launch a new era after recent price slumps helped knock production down to a decade low.

France’s Total, the premier operator in Africa’s second-largest oil producer after Nigeria with output of 650 000 barrels per day, confirms as much. With oil Angola’s primary resource, that was an overriding priority given that production of “black gold” last year slid just below 1.5 million bpd, its lowest level for 10 years – the consequence of low prices and a freezing of new projects.

Brusco says he served on a committee to deliver proposals to that effect “and the government endorsed those proposals.”

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