Sonangol Pledges Oil Cuts

摘要

Angola will produce 1.656 million b/d in 2009, down from a high of 2 million b/d last year, to comply with Opec cuts, state-owned Sonangol said Wednesday. Sonangol's revenues for 2008 rose 53% from the previous year to $26.6 billion, while net profit increased 30% to $2.9 billion, Reuters reported from Luanda.