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Angola: Supporting Cross-Border Cooperation


  • *This article will be published in the upcoming AES: Angola COVID-19 Impact ReportAs a response to the reduction in oil demand amid global lockdowns, the Organization of Petroleum Exporting Countries (OPEC) and the G20 met in March, seeking to reduce the global supply of petroleum among top producers globally.
  • Producing 1.37 million bpd before COVID-19 and an estimated 1.79 million cubic feet of natural gas, Angola represents a key pillar of market stability on the continent, as sub-Saharan Africa's second-largest oil producer after Nigeria.
  • Through its compliance with production cuts and its commitment to pan-African cooperation, Angola is fostering an open dialogue between OPEC and African producers, augmenting the role that African member countries are playing in global discussions.



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