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Angola Unveils New Oil Regulator in Restructuring of Sonangol
LUANDA (Capital Markets in Africa) – Angola will set up a new regulator for the country’s oil industry as the government restructures state-owned Sonangol and seeks to revive falling oil and gas output. Sonangol’s role as national concessionaire will be transferred to the National Agency of Petroleum and Gas in the first half of next year in a reorganization scheduled for completion in 2020, Oil Minister Diamantino Azevedo said in a statement handed to reporters Wednesday. Sonangol,…
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