Forecasts Show Exciting Potential Despite Risks

BMI View: With several new projects such as Pazflor (220,000b/d ) and PSVM (150,000b/d) expected to come on stream in the next few years, we see Angolan oil output rising substantially in the coming decade. Attempts to cut gas flaring boost the outlook for gas production as well. Nevertheless, OPEC quotas, the risk of project delays and the Angolan political environment still imply a significant amount of

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