South Korea Joins Angolan 'Buzz'

October 2006 | Contract News

Angola's volume growth potential has attracted companies from another fast-growing Asian economy as it continues to generate a 'buzz' in the oil industry. The Angolan government has signed an agreement with South Korea for exploration and development opportunities for various Korean companies, bringing another player into Angola's oversubscribed energy industry. We believe confidence in Angola's upstream is well placed, with its volume growth potential likely to transform Angola into Africa's largest oil producer through the long-term, overhauling regional rival Nigeria in the

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