This machine is commonly used in commercial or industrial where there is a need for large-scale oil production. They are engineered to efficiently process significant quantities of oilseeds or nuts, ensuring high productivity and optimal oil extraction yields.
How can Angola recover its oil production?
Angola is among Africa’s largest oil producers. Its current challenge is how to reverse the decline in oil production observed in the last decade. To recover oil output also means getting the economy back on track, as the country’s finances rely strongly on this resource. Around one third of Angola’s GDP is rooted in the oil industry.
How much oil does Angola produce a day?
Angola produced 1.3 million barrels of oil per day in 2020, the lowest level in the last decade. For comparison, in 2010, production reached a peak of around 1.8 million barrels daily. Though the African country still hast vast oil reserves, there is a lack of private and public investment.
How will Angola change the oil industry?
To change this scenario, the Angolan government released a strategic plan for the exploration of hydrocarbons during 2020-2025, which includes bidding on 50 oil blocks, and investments reaching 800 million U.S. dollars. Moreover, the Angolan parliament has recently approved new tax incentives to boost the oil industry in the country.