Angola has crude oil but is not processing it, Jooste told DW. "The whole idea [of the new refinery] is to make Angola less dependent on importing refined products." Angola, Africa’s second-biggest crude oil producer, pumps out some 1.1 million barrels of oil a day.
What is the oil industry in Angola?
Around one third of Angola’s GDP is rooted in the oil industry. Crude oil, natural gas, and refined oil account for almost all national exports. As of 2020, unexpected circumstances jeopardized the Angolan oil industry.
How much oil does Angola produce a day?
Angola, Africa’s second-biggest crude oil producer, pumps out some 1.1 million barrels of oil a day. But the southern African nation on the Atlantic coast currently has only has one operational refinery, located near the capital Luanda.
What equipment does the US export to Angola?
US exports to Angola concentrate in the oil and gas sector, dominated by petroleum industry parts and equipment. Much of the equipment falls into Harmonized Tariff Schedule (HTS) Category 84 – Nuclear Reactors, Boilers, Machinery and Mechanical Appliances.