Angola aims to emulate regional rival Nigeria in increasing the role of local firms in the upstream oil and gas sector. The country has qualified 85 companies to bid for its upstream licensing round for 10 onshore blocks, state-owned Sonangol says. Most are Angolan privatesector firms or state-backed entities, such as Alper Oil and Somoil. Angolan firms will be given a 20pc stake in the blocks. Sonangol will receive a 30pc interest.
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