Angola Bid Round for 10 Fields in Namibe, Benguela Basins Closes Next Week

SEATTLE (Oil Monster):  Angola’s current bid round for 10 fields in the Namibe and Benguela basins closes next week, the newly formed national oil, gas and biofuels agency ANGP said on Wednesday.

Africa’s second biggest oil exporter is in the process of sweeping economic reforms to mitigate against moribund crude prices, low output and years of mismanagement at its state oil company Sonangol.

Courtesy: www.reuters.com