Free article preview  

Angola's go-slow on the development of its massive offshore oil fields is sending ripples through the world's biggest oil companies, worried about lower investment returns and profits. Luanda's new strategy follows the 'Norwegian model': it means slowing down the billion dollar oil projects to husband reserves and giving priority to developing an indigenous oil industry. Luanda will also stay at arm's length from the Organisation of Petroleum Exporting Countries....

(This article contains approximately 753 words)

end of free article preview

Current subscribers: log in now to read the complete article. Misplaced your password? Then click here for a password reminder.

Not a subscriber? Then you can read this article in full either by becoming a subscriber now, for 3, 6 or 12 months, or you can buy this individual article.

  • Subscribe to Africa Confidential:
  • Buy this article:
  • 3-month subscription
    Prices from £205.00 (+ VAT where applicable)
    6-month subscription
    Prices from £376.00 (+ VAT where applicable)
    12-month subscription
    Prices from £705.00 (+ VAT where applicable)
  • UK & European Union
    £17.00 (+ VAT where applicable)
    Rest of the world
    $27.00

  • If you have a print subscription already, click here for a password that gives you full access to the website.
  • If you are logged in, but still cannot access the full text of this article, email customer services or telephone us on +44(0)1638 743633.

Keywords:

Norwegian model, Denis Sassou-Nguesso, Congo-Brazzaville, Pascal Lissouba, United States, Al Gore, Botelho de Vasconcelos, Joaquim David, Manuel Vicente, Desiderio Costa, Olav Akselsen, João Miranda, Harald, José Mangueira, Dutch, Cameroon, Nigeria, Movimento Popular de Libertação de Angola