Angola Country Analysis Brief

(Mon, 25 Jan 2021) Angola is the second-largest producer in Africa, following Nigeria, and its economy depends heavily on hydrocarbon production for revenue. As a member of OPEC, Angola has agreed to limit its monthly crude oil production as part of the April 15, 2020 agreement, which was made in response to the acute drop in economic activity and global crude oil demand caused by the outbreak of COVID-19.

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