WEATHERING THE STORM: PROGRESS IN ANGOLA

摘要

ANGOLA HAS UNDERGONE radical political change in recent years with a new president and petroleum minister taking over. The new leadership, steered by President Laurenco, sparked plans to revive the country's once-lucrative oil and gas industry, and companies with a presence in Angola have stepped up. With oil prices again slumping amid a price war between Saudi Arabia and Russia, as well as economic challenges presented on a global scale with the coronavirus pandemic, it is hoped that there is enough investment as well as production to sustain the Angolan oil industry through yet another challenging period. Baker Hughes has big plans for a multimodal oil and gas facility to operate as a hub to support a range of projects in Angola and neighbouring countries, as well as delivering a range of their own products and services along the value chain.