extraction

Reports on extraction See all

Though Angola is largely dependent on oil extraction, mining and agriculture are sectors that offer opportunities for the country to diversify its economy (source: macpixxel for GIS)

Angola’s dependence on oil exacts toll as 2017 elections loom

Since the end of Angola’s civil war (1975-2002), oil production in the country has rapidly increased. Production more than doubled between 2004 and 2008, from 800,000 to 1.7 million barrels per day, stabilizing at around 1.8 million bpd in 2015. Oil revenues alone injected an estimated $470 billion into Angolan state coffers between 2002 and 2014. But the recent dr...

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