Angola: better, but still problematic

摘要

Western companies will invest an estimated USD18 billion in oil-related projects in Angola in the next 3 years. With some 11 billion bbl in reserves, this non-OPEC country is at the forefront of new E&P interest in Africa. For the first time in its battle-scarred history, the future, rather than the day-to-day problems of the oil-rich nation, has become a legitimate focus for investors and Angolans alike. April 4, 2003, marks the first anniversary of a comprehensive For the first time in its battle-scarred history the future, rather than the day-to-day problems of the oil-rich nation, has become a legitimate focus for investors and Angolans alike. April 4, 2003, marks the first anniversary of a comprehensive and durable peace agreement that many Angolans believed would never happen after two false starts in the 1990s. The death in combat of UNITA rebel leader Jonas Savimbi in February 2002 led to peace talks between the government and UNITA. The talks culminated in a cease fire that signaled an end to one of the world's longest-running civil wars. Elections are now on the agenda for the first time in more than a decade, and will probably take place in 2004 or 2005.