Angola Is Part Of OPEC - A Survey.

APS Review Oil Market Trends | March 9, 2009 | Copyright

Angola, which on Jan. 1, 2007 became the 12th member of OPEC, now has an OPEC output quota of 1.517m b/d and a capacity to produce 2m b/d of crude oil which on 2010 will reach 2.2m b/d and that level is expected to remain until 2013. From Jan. 1, 2009, Angola took OPEC's presidency for this year, with the post assumed by its Petroleum Minister Jose Maria Botelho de Vasconcelos. Angola's proven oil reserves have more than doubled to 10 bn barrels by early 2009.

Angola's actual production in 2009 will average about 1.65m b/d, according to an announcement on Feb. 25, ...

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