Angola's oil production is projected to grow around 4% to more than 1.8 million barrels a day this year, the International Monetary Fund said in a statement Wednesday following a visit to the West African country.
Angola
's oil
production is projected to grow around 4% to more than 1.8 million barrels a
day this year, the International Monetary Fund said in a statement Wednesday
following a visit to the West African country.
Angola
produced 1.73 million barrels a day of oil last year, according to the most
recent report from the Organization of the Petroleum Exporting Countries, of
which
Angola
is a
member.
Angola
is
Africa
's
second-largest oil producer after
Nigeria
and
relies upon revenues from exports of the fossil fuel to make up a large portion
of its budget.
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