Wednesday, October 12, 2005

Oil: Angola's oil production predicted to reach 2 million barrels by 2010

Andrew Hayman, director for Africa and Middle East of International Energy Company (IHS), has predicted that Angola's current oil production of 1.1 million barrels a day, will rise to two million in 2010.

The estimates are based on data provided by Angolan Oil Company (SONANGOL) and multinational firms that operate in Angola.